Adani Power has made investors rich.
Gautam Adani’s company Adani Power has announced the results for the March quarter. The company’s profits have jumped 357 times on a yearly basis. The net profit of the company stood at Rs 4646 crore.
Gautam Adani (Gautam AdaniGood days are going on now. The performance of his company is also going great. for the March quarter Adani Power ,Adani Power) result is out. 357 times jump has been registered in the profit of the company. Adani Power’s total profit stood at 4646 crores in the March quarter, which was only 13 crores in the March 2021 quarter. There has also been a huge increase in the revenue of the company. There has been a jump of 93 percent in the total revenue of the company and this figure stood at 13308 crores. Talking about the entire financial year, Adani Power’s profit jumped 287 percent in the financial year 201-22. This figure stood at 4912 crores, while there was a jump of 13 per cent in revenue and this figure stood at 31686 crores. There was a jump of 271 percent in operating profit and this figure stood at 7942 crores.
In the fourth quarter, the impact of coal imports on the company’s operating performance was visible. The company said that the demand for power in India will only increase in the coming times. As economic activity improves and heat rises, power demand will see an uptick. On behalf of the company, it was said that the price of the commodity is increasing all over the world. The price of petrol, diesel, gas and coal is also touching the sky. Due to this, the impact on the production of thermal based power plants is visible.
Bumper growth since last two months
The shares of Adani Power have been witnessing a bumper rally for the last two months. Today its stock is trading at a level of Rs 289 with a rise of 3.9 percent. This stock has given returns of 3 per cent in the last one week, 18 per cent in one month, 166 per cent in three months and 190 per cent so far this year. The stock has given returns of 200 per cent in the last one year and 575 per cent in three years. At present the market cap of the company is Rs 1.10 lakh crore.
Adani Power enters top-50
Let us tell you that on Friday, according to the market cap of Adani Power, the country’s top-50 most valuable companies were included. Adani Power is ranked 49th in the overall market cap ranking. According to the data, it left behind personal products company Dabur India (Rs 98,470 crore) and real estate major DLF (Rs 95,052 crore). Adani Power is the sixth company of the Adani Group Company, whose market cap has crossed Rs 1 lakh crore. Adani Green Energy has a market cap of Rs 4.44 lakh crore, Adani Transmission has a market cap of Rs 2.92 lakh crore, Adani Total’s m cap is Rs 2.66 lakh crore, Adani Enterprises has a market cap of Rs 2.51 lakh crore, Adani Ports and Special Economic Zone has a market cap 1.85 lakh crores is Rs.