August 1, 2024
New Delhi, India
Q1 Results
Adani Power, a major player in India’s energy sector, announced its financial results for the first quarter of fiscal 2024-25 (Q1FY25) on Wednesday, July 31. The company reported a significant decline of 55.3% in net profit, which fell to ₹3,913 crore compared to ₹8,759 crore in the same period last year. Despite the drop in net profit, Adani Power’s revenue from operations rose substantially by 35%, reaching ₹14,955.6 crore, up from ₹11,005.5 crore in the previous year’s corresponding quarter.
Key Financial Highlights:
Net Profit and Revenue: Adani Power’s net profit for the April-June quarter dropped by 55.3% YoY to ₹3,913 crore, compared to ₹8,759 crore in Q1FY24. The company’s revenue from operations saw a significant increase of 35% YoY, rising to ₹14,955.6 crore from ₹11,005.5 crore in the same period last year.
EBITDA and Margins: The company’s earnings before interest, tax, depreciation, and amortization (EBITDA) rose 76% YoY to ₹6,195 crore, up from ₹3,514 crore in Q1FY24. The EBITDA margin improved to 41.4% in the June quarter, compared to 31.9% in the year-ago period.
Operational Performance: Power demand across India continued to exhibit strong growth, with aggregate power demand in the first quarter growing at 10.6% YoY and peak demand increasing by 12% to reach a record level of 250 GW. This positive environment resulted in higher offtake from Adani Power’s plants, both from contracted and open capacities.
Company Overview: Adani Power is a private thermal power producer with a thermal power capacity of 15.25 gigawatts (GW). Additionally, it operates a 40 MW solar plant at Naliya, Bitta, Kutch, Gujarat.
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