27-July-2024
Corporate News
 
Adani Energy posts Rs 823 cr net loss in Q1 amid Dahanu divestment decision
26-Jul-2024

Adani Energy Solutions (AESL) reported a net loss attributable to the owners of the company of Rs 823 crore in the June-24 ended quarter(Q1FY25), owing to a one-time impariment of Rs 1506 crore related to its proposed divestment of its Dahanu thermal power asset. Revenue from operations for the quarter under review was up 47 percent to Rs 5378.55 crore. The Q1FY25 loss compares against a net profit of Rs 175.06 crore reported a year ago. Commenting on the Dahanu asset divestment and one-time loss, the company said, “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.”

News Source:- https://www.business-standard.com/companies/results/adani-energy-posts-rs-823-cr-net-loss-in-q1-amid-dahanu-divestment-decision-124072501211_1.html