2024-07-26 10:34:20
New Delhi: Adani Energy Solutions on Thursday released the results for the first quarter (April-June) for the current financial year 2024-25. It has been revealed that the company has suffered a loss of Rs 824 crore in this quarter. At the same time, in the same period a year ago, the company had a net profit of Rs 175 crore. The company says that this loss has occurred due to the high expenses of the company. According to the company’s report, the company’s revenue has increased by 47 percent. The company’s revenue from operations in the first quarter stood at Rs 5379 crore. At the same time, it was Rs 3664 crore in the same quarter last year. However, the net loss for the period stood at Rs 1191 crore, while the profit after tax (PAT) stood at Rs 182 crore. The company said in the filing that the company’s operational earnings before interest, tax, depreciation and amortization (EBITDA) stood at Rs 1628 crore in the quarter, up 29.7 per cent year-on-year. The company said that the adjusted PAT for the period stood at Rs 315 crore, up 73 per cent over the same period last year. The filing said that the company’s revenue grew by 47 per cent due to the recently commissioned Warora Kurnool, Karur, Kharghar-Vikhroli and Khavda-Bhuj transmission lines. It received contributions from higher energy consumption and smart metering business at Adani Electricity Mumbai Limited (AEML) and MUL.
A bigger philanthropist than Ambani-Adani, he was once richer than Mukesh Ambani, when he arrived in Maruti Esteem, the guard stopped him!
The company told why there was a loss
The company’s filing showed that this loss was due to extraordinary expenses. The filing said that the company has decided to sell the Dahanu thermal plant in the first quarter of FY 2025, honoring its ESG commitment. This gave the company Rs 1506 crore. The filing said that AEML has started the disinvestment of Dahanu Thermal Power Plant (ADTPS). This will enable Adani Energy Solutions to get closer to joining the top companies in the world.
How was the business in these 3 months
- The company’s PAT in transmission business stood at Rs 251 crore in the first quarter of the current financial year, whereas it was Rs 162 crore in the same quarter last year.
- In the distribution business, the company’s PAT in the first quarter of the current financial year was Rs 51 crore, while in the same quarter last year it was Rs 20 crore. At the same time, its operating revenue was Rs 3372 crore, which is 23.2 percent higher on a year-on-year basis.
- In the smart metering segment, the company’s PAT stood at Rs 14 crore while operating revenue stood at Rs 76 crore.
The company’s stock rose
On Thursday, the company’s stock saw a 2 percent rise. It closed at Rs 1057.80. In the last 5 days, the company’s stock has climbed more than 4 percent. If we talk about one-year returns, investors have gained about 18 percent. The company’s market cap is Rs 1.17 lakh crore.