Adani Power Shines in Q3: Net Profit Surges 7.4% to ₹2,940 Crore

Adani Power delivered robust Q3 financial results, reporting a net profit of ₹2,940 crore, marking a 7.4% year-on-year increase. The company's revenue grew by 5.2% to ₹13,671.18 crore, while Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) expanded by 8% to ₹5,023 crore. In a strategic move, the company's board approved a ₹5,000 crore Qualified Institutional Placement (QIP) and increased its non-convertible debentures limit to ₹11,000 crore. Following the earnings announcement, Adani Power's shares surged 5.5%, trading at ₹522.51.

Source: CNBC TV18, Business Today