Synopsis
Adani Power reports a remarkable 7.4% growth in net profit, reaching Rs 2,940 crore for Q3 FY25, driven by strong revenue of Rs 14,833 crore. The company is on track to achieve a generation capacity of over 30 GW by 2030, highlighting its operational excellence and strategic positioning in the Indian thermal power sector.Key Takeaways
- 7.4% growth in net profit to Rs 2,940 crore
- 23% increase in consolidated EBITDA to Rs 6,185 crore
- 11% rise in total revenue to Rs 14,833 crore
- Power sale volume increased by 8% to 23.3 BUs
- Profit Before Tax rose by 33% to Rs 10,679 crore
Ahmedabad, Jan 29 (NationPress) Adani Power announced a 7.4% increase in net profit, reaching Rs 2,940 crore for Q3 FY25, up from Rs 2,738 crore during the same timeframe in FY24.
The company's consolidated EBITDA for Q3 FY25 surged by 23%, amounting to Rs 6,185 crore, compared to Rs 5,009 crore in Q3 FY24, bolstered by enhanced one-time income, as stated in a stock exchange disclosure.
Total revenue climbed 11% to Rs 14,833 crore, from Rs 13,355 crore in Q3 FY24, mainly driven by increased volume.
S.B. Khyalia, CEO of Adani Power, mentioned the firm is on track to meet its generation capacity objective of 30+ GW by 2030, making significant advancements in ongoing projects, securing supply chains, and successfully bidding for long-term power purchase agreements (PPAs).
"We are strategically positioned to capitalize on the lucrative prospects within the Indian thermal power sector and to cater to its continuously rising power demand. Our high-caliber asset portfolio, operational excellence, and execution capabilities distinguish us and enable us to maintain steady profitability and cash flow," Khyalia stated.
In the December quarter, the company’s consolidated power sale volume reached 23.3 billion units (BUs), marking an 8% increase from 21.5 BU in Q3 FY24, driven by enhanced power demand and higher operational capacity.
During the first nine months of this fiscal year (April-December), power sale volume stood at 69.5 BUs, reflecting a 22% increase from 57.1 BUs in the corresponding period of FY24.
The consolidated continuing Profit Before Tax (PBT) for the initial nine months of FY25 was up 33%, totaling Rs 10,679 crore compared to Rs 8,006 crore in the same duration of FY24, attributed to better EBITDA and effective management of finance costs, as per the company's report.
"We are implementing measures such as backward integration into mining to boost our competitiveness and digitalizing our operations to enhance readiness for the future. Our unwavering commitment to ESG initiatives has positioned us among the top 15% of global peers and garnered international recognition," Khyalia added.
