Nifty SPIKES to 21,500! Sensex Soars 470 pts

Adani Power reports a massive jump in net profit, driven by strong revenue and sales growth

Adani Power, one of the largest thermal power producers in India, has reported a staggering 300-fold increase in its consolidated net profit for the quarter ending December FY24. The company’s net profit soared to Rs 2,738 crore, compared to just Rs 8.8 crore in the same period last year. This remarkable growth has been attributed to the company’s robust revenue figures and impressive sales performance.