
Adani Power Q1 results: Net profit falls 16% to Rs 3,305 crore; revenue declines on lower tariffs and higher costs
Adani Power Ltd (APL) reported a 15.53% decline in consolidated net profit for the April-June quarter, with earnings falling to Rs 3,305 crore amid pressure from subdued merchant tariffs and elevated operating costs linked to recent acquisitions.The country’s largest private thermal power producer had posted a net profit of Rs 3,913 crore in the same…