Electric Utilities company Adani Power announced consolidated Q1FY24 results: Installed capacity grows from 13,650 MW as of June 30, 2022, to 15,250 MW as of June 30, 2023, after the commissioning of the 1,600 MW Godda Ultra-supercritical Power Plant, which supplies cross-border power to Bangladesh. PLF 60.1% and power sales 17.5 BU in Q1FY24 vs 58.6% and 16.3 BU in Q1FY23 respectively. Total revenue increased by 16.8% at Rs 18,109 crore in Q1FY24 vs Rs 15,509 crore in Q1FY23; mainly due to improved volumes and higher one-time revenue recognition on account of regulatory claims and Late Payment Surcharge. EBITDA for Q1FY24 was higher by 41.5% at Rs 10,618 crore vs Rs 7,506 crore in Q1FY23; mainly due to higher one-time revenue recognition and incremental contribution of Godda power plant. PAT for Q1FY24 was higher by 83.3% at Rs 8,759 crore vs Rs 4,780 crore for Q1FY23. Commenting on the quarterly results of the company, S B Khyalia, CEO, Adani Power, said, "Adani Power has increased its lead among IPPs with commissioning of the 1,600 MW Godda USCTPP and entered a new era of transnational power sales. We are proud to support Bangladesh in enhancing the means available to its high-potential economy for fulfilling the aspirations of its hard-working and enterprising population. As India’s leading private power producer, we stand committed to upholding our pledge to help the nation achieve its climate goals by adopting the latest, resource-efficient technologies such as Ultra-supercritical power plants incorporating emission control equipment, and exploring reduction of our carbon footprint through innovative solutions. With a satisfactory resolution of virtually all regulatory matters, the Company’s revenues and cash flows have now entered a stable phase.” Result PDF
Electric utilities company Adani Power announced Q4FY23 & FY23 results: Consolidated Q4FY23: Total revenue for Q4FY23 at Rs 10,795 crore vs Rs 13,308 crore in Q4FY22; mainly due to lower prior period revenue recognition EBITDA for Q4FY23 at Rs 2,461 crore vs Rs 7,942 crore in Q4FY22; mainly due to lower prior period revenue recognition and higher fuel cost PAT for Q4FY23 grows to Rs 5,242 crore vs Rs 4,645 crore for Q4FY22 on account of lower finance costs as well as certain reversals consequent to the Scheme of Amalgamation becoming effective Consolidated FY23: Total revenue higher by 35.8% at Rs 43,041 crore in FY23 vs Rs 31,686 crore in FY22; mainly due to improved tariff realisation, high import coal price, and higher one-time revenue recognition on account of regulatory claims EBITDA for FY23 higher at Rs 14,312 crore vs Rs 13,789 crore in FY22; mainly due to higher tariff realisation and one-time revenue recognition, offset mainly by higher fuel cost. PAT for FY23 was higher by 118.4% at Rs 10,727 crore vs Rs 4,912 crore for FY22; due to higher EBITDA, lower finance cost on account of debt prepayment, as well as certain reversals consequent to the Scheme of Amalgamation becoming effective Commenting on the quarterly results of the company, Gautam Adani, Chairman, Adani Group, said, “India’s growing demand for world-class infrastructure facilities is acting as the springboard for the next phase of its economic growth. As the nation’s foremost infrastructure conglomerate, Adani Group is fully committed to meeting it in a sustainable and dependable manner. Reliable and scalable baseload power is fundamental to its economic sustenance, which Adani Power is best placed to supplement along with the Group’s diversified presence across the energy value chain of renewable and conventional generation, transmission, and distribution.” S B Khyalia, CEO, Adani Power, said, "The indefatigable spirit that drives the Adani Group has been aptly demonstrated by Adani Power Limited by surmounting challenges through perseverance, dedication, and strong belief in fundamental values. The company now enters the next stage of its corporate journey with a healthy balance sheet, a modern and efficient fleet, and a revitalized holding structure. The culmination of long-deliberated regulatory matters has helped evolve and refine the principles that will enable the power sector to grow profitably and equitably. We have also started a new chapter in cross-border cooperation with the commissioning of the first 800 MW unit of the Godda Ultra-supercritical thermal power project, which will provide Bangladesh with a reliable source of electricity, and help it achieve its long-term economic goals.”