Adani Energy Solutions net profit falls 13% to Rs 381 crore in Q4

New Delhi, May 01, 2024.

Adani Energy Solutions Ltd (AESL) has reported a 13.26 per cent decline in its consolidated net profit at Rs 381.29 crore during January-March 2024 on account of increased expenses.

Its net profit after tax was at Rs 439.60 crore in the January-March period of the preceding 2022-23 financial year, the company said in an exchange filing on Tuesday.

For the whole financial year (FY24), the company’s net profit stood at Rs 1,195.61 crore, down from Rs 1,280.60 crore registered in FY23. During the fourth quarter, the company’s total income surged to Rs 4,855.18 crore from Rs 3,494.84 crore a year ago.

The company’s income was Rs 17,218.31 crore in FY24 as against Rs 13,840.46 crore in FY23. The expenses stood at Rs 4,358.83 crore in the period under review, as against Rs 3,200.50 crore in the year-ago period.

In FY24, the expenses rose to Rs 14,978.74 crore from Rs 13,164.32 crore in the preceding financial year.