Adani Power, an Adani Group company, witnessed a rise in share price on Tuesday after the company reported a steep drop in fourth quarter profit.

The company has reported consolidated net profit for the quarter ended March 2015. During the quarter, the profit of the company declined 71.72% to Rs 7,150.50 million from Rs 25,285.50 million in the same quarter previous year.

Total income for the quarter declined 20.30% to Rs 48,299.60 million, compared with Rs 60,601.50 million for the prior year period.

Shares of the company are trading at Rs 41.40, down Rs 2, or 4.61% at the Bombay Stock Exchange (BSE) on Tuesday at 11:43 a.m. The scrip has touched an intra-day high of Rs 42.90 and low of Rs 41.25.

Total volume of shares traded on the bourses today was lower by 32.61% to 3,498,467 compared with 22-day average volume of 5,191,689.