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Adani Power reports Decline in Profits and Revenue; Approves 1:5 Stock Split

Adani Power has reported a 13.5% year-on-year decline in net profit, dropping to Rs3,385 crore from Rs3,913 crore in the previous year. Revenue also fell by 5.7%, totaling Rs14,109 crore compared to Rs14,956 crore a year ago. EBITDA declined 8.2% to Rs5,685.2 crore, down from Rs6,195 crore, while margins narrowed to 40.3% from 41.4% YoY.

Despite the dip in financial performance, the board has approved a stock split in a 1:5 ratio, aimed at enhancing stock liquidity and affordability for retail investors. The move reflects a long-term shareholder-friendly approach even as the company navigates short-term financial headwinds.