Adani Energy Solutions Reports Strong Q3 FY24-25 Results with Significant Profit Growth
Adani Energy Solutions has announced its financial results for Q3 FY24-25, reporting significant growth in key metrics. Profit Before Tax reached Rs 389.24 crore, while Profit After Tax was Rs 561.78 crore. Net sales totaled Rs 5,830.26 crore, and cash equivalents hit Rs 6,060.26 crore, indicating improved liquidity.
Adani Energy Solutions has released its financial results for the third quarter of FY24-25, highlighting notable advancements across several key metrics. The company reported a Profit Before Tax (PBT) of Rs 389.24 crore, which reflects a significant year-on-year change of 53.87%. In addition, the Profit After Tax (PAT) reached Rs 561.78 crore, showcasing a year-on-year growth of 72.9%.Net sales for the quarter amounted to Rs 5,830.26 crore, indicating a year-on-year increase of 27.78%. This trend in sales underscores a strong performance within the power generation and distribution sector. Furthermore, Adani Energy Solutions achieved its highest cash and cash equivalents in the last six half-yearly periods, totaling Rs 6,060.26 crore, which points to an enhancement in short-term liquidity.
The company's debt-equity ratio has also experienced a favorable adjustment, recorded at 1.86 times, the lowest in the last five half-yearly periods, suggesting a shift in borrowing relative to equity capital. Despite these positive developments, there has been a revision in its score by MarketsMOJO.
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