+
Adani Power's Q1 revenue soars to Rs 147.17 Bn
POWER & RENEWABLE ENERGY

Adani Power's Q1 revenue soars to Rs 147.17 Bn

Adani Power Ltd. (APL) reported a notable improvement in its financial performance for the first quarter ending June 30, 2024, with revenue from operations rising by 29% to Rs 147.17 billion, up from Rs 113.70 billion in the same period last year.

S B Khyalia, the CEO of Adani Power, mentioned that the company is preparing for a revival in the thermal power sector by advancing the development of three Ultra-supercritical projects, each with a capacity of 1,600 MW. Khyalia stated that Adani Power is committed to improving lives and ensuring India's energy security by addressing the need for sustainable, affordable, and reliable power.

The company's plant load factor improved significantly to 78.0% in Q1 FY25, up from 60.1% in Q1 FY24. The units sold during the quarter increased to 24.1 billion units from 17.5 billion units year-on-year. This rise in operational efficiency led to a 95% increase in continuing profit before tax, which climbed to Rs 44.83 billion from Rs 23.03 billion in Q1 FY24.

Adani Power also reported a continuing EBITDA of Rs 62.90 billion for the quarter, a 53% increase from Rs 41.21 billion in the same quarter last year. However, despite this strong performance, reported EBITDA and profit before tax experienced declines due to significant prior period items related to regulatory orders from the previous fiscal. The company remains focused on expanding its footprint and enhancing its generation capacity, in line with its long-term strategic goals within the Indian power sector.

Adani Power Ltd. (APL) reported a notable improvement in its financial performance for the first quarter ending June 30, 2024, with revenue from operations rising by 29% to Rs 147.17 billion, up from Rs 113.70 billion in the same period last year. S B Khyalia, the CEO of Adani Power, mentioned that the company is preparing for a revival in the thermal power sector by advancing the development of three Ultra-supercritical projects, each with a capacity of 1,600 MW. Khyalia stated that Adani Power is committed to improving lives and ensuring India's energy security by addressing the need for sustainable, affordable, and reliable power. The company's plant load factor improved significantly to 78.0% in Q1 FY25, up from 60.1% in Q1 FY24. The units sold during the quarter increased to 24.1 billion units from 17.5 billion units year-on-year. This rise in operational efficiency led to a 95% increase in continuing profit before tax, which climbed to Rs 44.83 billion from Rs 23.03 billion in Q1 FY24. Adani Power also reported a continuing EBITDA of Rs 62.90 billion for the quarter, a 53% increase from Rs 41.21 billion in the same quarter last year. However, despite this strong performance, reported EBITDA and profit before tax experienced declines due to significant prior period items related to regulatory orders from the previous fiscal. The company remains focused on expanding its footprint and enhancing its generation capacity, in line with its long-term strategic goals within the Indian power sector.

Related Stories

Gold Stories

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Equipment

Seven Propel 470 HEV electric tippers go to work on coal haulage in Chhattisgarh

Propel EV, the electric mobility division of Propel Industries and India's No. 1 electric tipper brand, has deployed seven 470 HEV electric trucks with a leading coal-haulage contractor at one of India's largest opencast coal mines in Chhattisgarh. The trucks are in daily operation, moving coal on continuous haul cycles in one of the most demanding applications in Indian mining.Why Electric - and Why CoalCoal haulage runs round the clock: heavy loads, long haul cycles, steep ramps and abrasive dust. It is also where diesel hurts most. Engines run continuously, fuel is the largest single operat..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code