New Delhi, July 25 (UNI) Adani Energy Solutions on Thursday posted a consolidated net loss of Rs 1,190.66 crore for the April-June quarter (Q1) of the current financial year 2024-25.
The company had posted a profit of Rs 182 crore in the Q1 of preceding financial year 2023-24.
“The company honoring its ESG commitment has decided to divest Dahanu thermal plant in Q1FY25 resulting in an exceptional item in line with Ind AS 105, of Rs 1,506 crore. The financial numbers are, therefore, adjusted for this exceptional item,” the company said.
Adani Energy Solutions’s revenue from operations in the June quarter of 2024-25 stood at Rs 5,378.55 crore as against Rs 3,663.91 crore in the corresponding period of previous financial year thus registering a growth of 46.79%.
“Revenues witnessed a robust growth of 47% on account of the contribution from the newly operationalized transmission assets, line addition at under-construction projects and an increase in the units sold because of higher energy consumption in the distribution business at Mumbai and Mundra and contribution from smart metering business,” Adani Energy Solutions said in the media release.
