Explorer

Adani Power Q4 Results: Revenue Grows 29% YoY to Rs 13,787 Crore

The operating performance for Q4FY23-24 includes the 1600 MW Godda Ultra-supercritical Thermal Power Plant of APL’s subsidiary Adani Power (Jharkhand), which was commissioned in Q1FY23-24

Adani Power Ltd, a part of Adani portfolio companies, has announced the financial results for the fourth quarter (Q4) ended March 31, 2024. Commenting on the quarterly results, Gautam Adani, Chairman, Adani Group, said, "As India transitions to a more sustainable energy future, the Adani Portfolio of companies will continue to provide innovative, reliable, and scalable solutions to support the nation’s economic growth and help realise the aspirations of its billion plus citizens. Adani Power is a key component of our long-term strategy, supplying reliable base load power across a vast part of the country, executing benchmark-setting projects, creating assets of national importance, and acting as the balancing supply to enable greater integration of renewables in the grid. We are committed to continuous innovation across businesses and creating sustainable value for all stakeholders."

S B Khyalia, CEO, Adani Power, said, "Adani Power has posted yet another outstanding quarter demonstrating its core strengths, capping a year of exceptional operational and financial performance in a fitting testimony to its sound strategy and operational excellence. On our journey to achieve the company’s vision, we are focusing on tech-enabled reliability enhancement, reduction in cost of generation, and improvement in plant efficiency.  Adani Power is committed to empowering lives and contributing to India’s energy security by anticipating the need for sustainable, affordable, and reliable power supply and serving it by building capacities in a timely and cost-effective manner."

The operating performance for Q4FY23-24 includes the 1600 MW Godda Ultra-supercritical Thermal Power Plant of APL’s subsidiary Adani Power (Jharkhand) Limited (APJL), which was commissioned in Q1FY23-24.

During Q4 as well as the FY23-24, higher volumes were contributed by almost all plants led by Mundra, the newly commissioned Godda plant, Udupi, and Mahan. Domestic power sales volumes continued to be driven by growing power demand across India, and offtake under Power Purchase Agreements was further supported by falling prices of imported coal and alternate fuel.

Financial performance

Particulars

(Rs in crore)

Q4 FY24

Q4 FY23

Change +/-

FY24

FY23

Change +/-

Continuing Revenue from Operations(1)

13,288

10,436

27.3%

49,668

36,396

36.5%

Continuing Other Income(2)

499

229

118.4%

1,292

872

48.1%

Total Continuing Income

13,787

10,664

29.3%

50,960

37,268

36.7%

Total Reported Income

13,882

10,795

28.6%

60,281

43,041

40.1%

Continuing EBITDA

5,273

2,329

126.4%

18,789

8,540

120.0%

Reported EBITDA

5,368

2,461

118.1%

28,111

14,312

96.4%

Profit Before Tax

3,558

898

296.3%

20,792

7,675

170.9%

Tax expenses / (Credit)

821

(4,345)*

--

(37)

(3,052)*

--

Profit After Tax

2,737

5,242

(47.8)%

20,829

10,727

94.2%

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

'India-Guyana Ties Made Of Soil, Sweat': PM Modi At Guyanese Parliament, Says 'Democracy First, Humanity First'
'India-Guyana Ties Made Of Soil, Sweat': PM Modi At Guyanese Parliament, Says 'Democracy First, Humanity First'
Maharashtra: Two Latest Exit Polls Show Landslide Victory For Mahayuti, BJP To Emerge As Largest Party
Maharashtra: Two Latest Exit Polls Show Landslide Victory For Mahayuti, BJP As Largest Party
Pakistan: Over 50 Killed, 20 Injured As Militants Open Fire On Passenger Vehicles In Khyber Pakhtunkhwa
Pakistan: Over 50 Killed, 20 Injured As Militants Open Fire On Passenger Vehicles In Khyber Pakhtunkhwa
International Criminal Court Issues Arrest Warrants Against Israeli PM Netanyahu, Ex-Minister Gallant
Arrest Warrants Issued Against Israeli PM Benjamin Netanyahu, Ex-Minister Gallant
Advertisement
ABP Premium

Videos

India Emerges as G20's Growth Leader, Check Out the Latest GDP Rankings | ABP NewsAirtel-Nokia Partnership: Nokia’s Spectacular Comeback, Shakes Up the Telecom Sector | ABP NewsAdani Group in Turmoil: Bribery Scandal Rocks Shares, Plunge by 20% | ABP NewsPLI Scheme: Transforming India's Manufacturing Sector into a Global Powerhouse

Photo Gallery

Embed widget