Adani Energy Q1 web benefit falls 55% – Trade Information

Adani Power posted a 55% decline in its net profit at Rs 3,913 crore for the Q1FY25 as compared to Rs 8,759 crore in corresponding quarter of previous financial year. The net profit declined to higher expenses.

The company’s revenues went up 36% at Rs 14,956 crore in Q1FY25 as compared to Rs 11,006 crore in Q1FY24. Total expenses went up 14% on a year-on-year (y-o-y) basis in Q1FY25.

The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 76.3% to Rs 6,194 crore.

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During Q1 FY 2024-25, higher volumes were contributed by almost all plants led by Mundra and Mahan in addition to Godda, the second 800 MW unit of which was commissioned on June 26, 2023. Domestic power sales volumes continued to be driven by growing power demand, and offtake under power purchase agreements was further supported by falling prices of imported coal, the company said.

Depreciation charge for Q1 FY 2025 increased to Rs 996 crore as compared to Rs 935 crore for Q1 FY 2024 due to the addition of unit II of the Godda ultra supercritical Thermal Power Plant. Finance cost for Q1FY25 reduced to Rs 811 crore as compared to Rs 883 crore for Q1FY24 due to a reduction in borrowings as well as lower interest rates, the company said.

Effective installed capacity went up 5.4% y-o-y to 15,250 MW. The overall plant load factor also rose to 78% in Q1FY25 as compared to 60.1% in Q1FY2024. In terms of units of power sold, the quarter-ended June saw 24.1 billion units sold, marking a 38% increase from 17.5 billion units sold in Q1FY24.

S B Khyalia, CEO, Adani Power, said, “As Adani Power grows from strength to strength, we have undertaken advance development activities to secure execution pipelines for three ultra-supercritical projects of 1,600 MW each to prepare ourselves for the anticipated resurgence in the thermal power sector. Our strategic focus is to derisk our growth plans by utilising high efficiency, low emission technologies, pooling our deep experience and multi-domain expertise for project development, securing access to fuel resources, and revitalising the organisation to become more agile and competitive in the digitalised world.”