+
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.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?