India's Adani Power posted a smaller quarterly core profit on Wednesday due to a sharp drop in power demand and the thermal power producer also said it would raise 50 billion rupees ($578 million) by selling shares to institutional investors.

The company’s consolidated revenue from operations for Q3FY25 was Rs 13,671.18 crore, marking a 5.23 per cent year-on-year increase from Rs 12,991.44 crore in Q3FY24

Adani Power Q3 Results: Adani Power Ltd on Wednesday reported an 7.38% year-on-year rise in its consolidated net profit for the fiscal's third quarter ended December (Q3FY25) to ₹ 2,940.07 crore. The company had reported a profit of ₹ 2,737.96 crore in the year-ago period.

The board of directors approved raising funds for an aggregate amount not exceeding Rs 5,000 crore through the QIP route

Adani Power Ltd on January 29 reported a 7.4 percent jump in net profit at Rs 2,940.07 crore in the quarter ended December 31 of FY25, compared to Rs 2,737.96 crore in the same period of the previous financial year, the company said in an exchange filing.

Adani Power on Wednesday reported 7.4 per cent growth in net profit at Rs 2,940 crore in Q3 FY25, compared to Rs 2,738 crore in the same period last fiscal (FY24).

According to the statement, its consolidated profit after tax increased 7 per cent to Rs 2,940 crore in the quarter compared to Rs 2,738 crore a year ago.