comScore Adani Power Reports 7.4% Profit Growth in Q3 FY25, Revenue Up 11%

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Vibes Of India
Vibes Of India

Adani Power Reports 7.4% Profit Growth in Q3 FY25, Revenue Up 11%

| Updated: January 29, 2025 18:03

Adani Power on Wednesday reported a 7.4% year-on-year increase in its profit after tax (PAT) for the third quarter of the 2024-25 financial year, reaching Rs 2,940 crore compared to Rs 2,738 crore in the corresponding period last year. The rise in profit was attributed to higher revenues driven by increased electricity sales volume.

Adani Power, a part of the Adani portfolio, is India’s largest private thermal power producer.

The company’s total revenue from operations for Q3 FY25 stood at Rs 14,833 crore, marking an 11% increase from Rs 13,355 crore recorded in Q3 FY24. 

“Consolidated total revenue for Q3 FY25 higher by 11% to Rs 14,833 crore vs Rs 13,355 crore in Q3 FY24, primarily due to higher volume,” the company stated.

Adani Power’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose by 8% to Rs 5,023 crore for Q3 FY25, with the margin increasing to 36.7%. 

The company’s consolidated power sale volume for the quarter grew by 8% to 23.3 billion units (BU) from 21.5 BU in Q3 FY24, supported by improved power demand and higher operating capacity.

Adani Power’s CEO, S B Khyalia, stated that the company is on track to achieve its generation capacity target of over 30 GW by 2030, supported by ongoing project development, a secure supply chain, and successful bids for long-term power purchase agreement (PPA) tie-ups. 

“We are well-positioned to benefit from the attractive opportunities in the Indian thermal power sector and to support its steadily growing power demand. We are taking steps ranging from backward integration into mining to improve our competitiveness and digitalisation of our operations to enhance our future readiness,” Khyalia said.

The company’s board approved a fundraising initiative of Rs 5,000 crore through a Qualified Institutional Placement (QIP), with shares to be issued at a face value of Rs 10 each. 

Additionally, the Board of Directors approved the enhancement and combination of the previously sanctioned fund-raising limit via nonconvertible debentures (NCDs) from Rs 5,000 crore to Rs 11,000 crore, which will be raised through public issue, private placement, or a combination thereof in one or more tranches.

Following the announcement of its Q3 results, Adani Power shares closed 5.04% higher at Rs 522.25 apiece on the National Stock Exchange (NSE) on Wednesday. 

The company has seen a 0.42% gain over the past five days but recorded a decline of 3.19% in the last month, 27.10% over the last six months, and 8.45% over the past year.

Also Read: Adani Group to Distribute One Crore Free Copies of ‘Arti Sangrah’ at Maha Kumbh

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