Adani Power's Q4 financials show mixed results, with PAT and Net Sales on the rise but EPS declining

May 02 2024 06:00 PM IST
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Adani Power, a largecap company in the power industry, has declared its financial results for the quarter ending March 2024. Despite a 'Sell' call from MarketsMojo, the company has shown positive growth in Profit After Tax and improved ability to manage interest payments. However, the Earnings per Share have declined, indicating lower profitability. Investors should carefully analyze the company's performance before making any decisions.
Adani Power, a largecap company in the power industry, has recently declared its financial results for the quarter ending March 2024. According to MarketsMOJO, a leading stock analysis platform, the stock call for Adani Power is 'Sell'.

Despite this, the company has shown positive financial performance in the last quarter. The score has fallen from 27 to 17 in the last 3 months, indicating a decline in overall performance.

However, there are some positive aspects to Adani Power's financials for the quarter. The Profit After Tax (PAT) for the nine-month period has grown by 102.96% year on year, reaching Rs 12,069.37 crore. The company's ability to manage interest payments has also improved, with the Operating Profit to Interest ratio being the highest at 5.92 times and growing each quarter in the last five quarters. Additionally, the Net Sales for the quarter have also shown a positive trend, reaching the highest at Rs 13,363.69 crore and growing each quarter in the last five quarters.

On the other hand, the company's Earnings per Share (EPS) for the quarter have declined to the lowest at Rs 7.10 in the last five quarters. This indicates a decline in profitability and lower earnings for shareholders.

Overall, Adani Power's financial results for the quarter ending March 2024 show a mix of positive and negative trends. Investors are advised to carefully analyze the company's performance before making any investment decisions.
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