Adani Power posts record Q1 profit; broker targets range from Rs 220 to Rs 275
Adani Power reported consolidated Q1 PAT of Rs 4,867 crore, up 47.2% year on year, as continuing revenue rose 26.6% to Rs 17,936 crore. Morgan Stanley, Cantor Fitzgerald and Bernstein retained positive views, with targets spanning Rs 220–275.
Adani Power reported record June-quarter earnings, with profit up 47.2% and revenue up 26.6%. Brokerages retained positive ratings with targets of Rs 220-275, while the company continues expansion toward a 45 GW power portfolio.
Why this matters
The record Q1 follows Adani Power's recent disclosures of a 42% Q1 profit rise, a Rs 15,000 crore equity raise approval and plans to raise funds while seeking a Rs 1 lakh crore borrowing limit.
retail-company is accelerating, up 1,025,100% QoQ.