August 2024 \ Business & Investment \ Business News
Rs 315 crore profit for Adani Energy

Ahmedabad: Adani Energy Solutions Ltd (AESL) in July reported strong results for the April-June quarter, as operational revenue surged 47 per cent to Rs 5,379 crore (year-on-year) while adjusted profit after tax (PAT) reached Rs 315 crore, up an impressive 73 per cent. Operational EBITDA was at Rs 1,628 crore, up 29.7 per cent YoY, said the Adani Group company.

On account of carving out of the Dahanu power plant from the company’s books and in line with Indian Accounting Standard (IND AS) 105, AESL has reported a one-off exception item of Rs 1,506 crore. “AESL remains steadfast with the commissioning of new lines, along with strong energy demand growth in its distribution areas of AEML and MUL. We are further contributing to decarbonisation of the power distribution in Mumbai by way of 37 per cent renewable power penetration in Mumbai,” said Anil Sardana, MD, Adani Energy Solutions.

 




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