Adani Power Shares Tumbles ~2%: Released Q2 FY25 Results

On October 28, 2024, Adani Power Ltd released its results for the quarter (Q2 FY24) and half-year (1H FY24)  ended September 30, 2024. Adani Power reported a 50% decline in its consolidated net profit for the quarter ended September 2024, posting ₹3,298 crore compared to ₹6,594.17 crore in the same period last year. The company’s revenue from operations for the quarter reached ₹13,339 crore, marking a 3% increase from ₹12,991 crore reported in the corresponding quarter of the previous financial year. 

Adani Power 1HFY25 Performance 

In the first half of FY25, continuing revenue grew by 20% year-over-year to ₹28,517 crore, with a 10.8% increase to ₹13,465 crore in Q2 FY25, according to the company’s filing with the exchanges. Continuing EBITDA (earnings before interest, taxes, depreciation, and amortization) also saw significant growth, rising 38% year-over-year to ₹11,692 crore in H1 FY25 and 24.6% year-over-year to ₹5,402 crore in Q2 FY25. Continuing profit before tax (PBT) increased by 69% year-over-year to ₹8,020 crore in H1 FY25 and 44.8% year-over-year to ₹3,537 crore in Q2 FY25.

Adani Power Key Business Updates

In its business updates, Adani Power announced that it achieved an operating generation capacity of 17,550 MW as of September 30, 2024. This includes the addition of 2,300 MW of operating capacity, comprising 2×250 MW (500 MW) from the Adani Dahanu Thermal Power Station and 2×300 MW (600 MW) from Lanco Amarkantak Power Limited, both acquired under the Corporate Insolvency Resolution Process.

Commenting on the earnings, S B Khyalia, CEO of Adani Power, said the company has embarked on the next phase of its growth journey, swiftly achieving capacity expansion milestones and securing power supply agreements to ensure long-term revenue stability. The company consistently delivers robust operating and financial performance by leveraging its inherent strengths and competitive advantages. Its diverse capabilities and financial resilience provide a solid foundation for growth, enabling it to realise its vision of supporting India’s economic development with reliable, sustainable, and affordable power supplies. Additionally, we are committed to rapidly turning around our recently acquired stressed power plants by utilising our core competencies and strengths.”

On October 29, 2024, Adani Power shares opened at ₹578.05 and touched the day low of ₹578.05  at 11:15 AM, reflecting a fall of ~2.05% from the previous close.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.