Adani Power goes for a 1:5 stock split, Q1 net profit dips 15%

Adani Power’s board has approved a stock split, dividing each share of ₹10 into five shares of ₹2, aiming to broaden retail investor participation. The company reported a 15.5% drop in its Q1 consolidated net profit to ₹3,305 crore, with revenue declining 5.9% to ₹14,167 crore. Despite this, EBITDA from continuing operations stood at ₹5,744 crore.

​Adani Power’s board has approved a stock split, dividing each share of ₹10 into five shares of ₹2, aiming to broaden retail investor participation. The company reported a 15.5% drop in its Q1 consolidated net profit to ₹3,305 crore, with revenue declining 5.9% to ₹14,167 crore. Despite this, EBITDA from continuing operations stood at ₹5,744 crore.