Profit Surge

Adani Power's September-quarter profit more than doubled as higher electricity demand and stronger tariffs boosted both sales volumes and earnings per unit.

Beat Street Estimates

The company reported a consolidated profit of ₹6,919 crore, up 134% year-on-year and 44% from the previous quarter, beating three analysts' estimates of ₹3,112 crore.

Power Demand Rise

India's peak power demand reached 270 gigawatts during the quarter, a fifth more than the previous year.

Tariff Increases

Realization under long-term power purchase agreements improved by 13% year-on-year to ₹6.40 per unit, while merchant market prices rose by a third to ₹7.20 per unit.

Earnings Growth

Earnings before interest, tax, depreciation and amortization rose 75% to ₹8,743 crore, with Ebitda margin expanding by almost 9 percentage points to 43.82%.

Capacity and Load Factor

The company's plant load factor improved by 7.3 percentage points to 70.1%, despite maintaining the same power generation capacity of 18.2 GW as last year.

CEO Statement

S.B. Khyalia, CEO, stated Adani Power continues to grow from strength to strength, achieving milestones in profitability and project execution.

“Adani Power continues to grow from strength to strength, achieving newer milestones in profitability and project execution”

New Projects

The company received approval for a 1.3GW super-critical thermal power plant in Uttarakhand and entered into a 770MW hydropower project with Bhutan's Druk Green Power Corp.