Slide
Slide
Slide
Slide

With more demand and capacity, Adani Power consolidates sales as it registers a growth of 22%

Biz-1.jpg

Adani Power is well on its way to achieve its generation capacity target of 30+ GW by 2030 (File photo)

Adani Wilmar reported its highest-ever quarterly net profit of Rs 411 crore in the October-December quarter, up by 105 per cent year-on-year

Our Bureau

Mumbai  

Adani Power’s consolidated power sale volume during the first three quarters of 2024-25 (April-December) was at 69.5 billion Units (BU), up by 22 per cent from 57.1 BU, the company’s earnings data showed on Wednesday. The Adani Group company attributed the rise in volume to improved power demand and larger operating capacity.

Consolidated continuing total revenues were higher by 13 per cent at Rs 41,951 crore in the three quarters versus Rs 37,173 crore in the same of 2023-24, supported by higher sales volumes. In the December quarter, the consolidated power sale volume was at 23.3 BU, up by 8 per cent from 21.5 BU in the same quarter of 2023-24, due to improved power demand and higher operating capacity.

Consolidated total revenue for the December quarter was higher by 11 per cent at Rs 14,833 crore vs Rs 13,355 crore in the same quarter of 2023-24, primarily due to higher volume. Consolidated Profit After Tax for the December quarter was higher by 7 per cent at Rs 2,940 crore versus Rs 2,738 crore in the same quarter of 2023-24.

Adani Power Ltd, a part of Adani portfolio of companies, has announced the financial results for the third quarter ended December 2024. SB Khyalia, CEO, Adani Power Limited, said, “Adani Power is well on its way to achieve its generation capacity target of 30+ GW by 2030, with rapid progress in under-construction projects, secure supply chain, and successful bids for long-term PPA tie-ups.”

“We are well-positioned to benefit from the attractive opportunities in the Indian thermal power sector and to support its steadily growing power demand. Our high-quality asset portfolio, operating excellence, and execution capabilities set us apart and help us deliver consistent profitability and cash flows. We are taking steps ranging from backward integration into mining to improve our competitiveness and digitalization of our operations to enhance our future-readiness. Our unceasing focus on our ESG efforts has placed us amongst top 15 per cent of our global peers and earned us international recognition.”

All-India power demand grew by 4.3 per cent to 393 BU in the December quarter as compared to the year-ago period. Demand growth was affected marginally due to cold weather, said Adani Power in the statement.

Demand also picked up in the month of December 2024, which registered a growth of 5.7 per cent over December 2023. The cumulative demand for 2024-25 till December 2024 was healthy with a growth of 4.6 per cent over the corresponding period of 2023-24.

Adani Power Ltd has an installed thermal power capacity of 17,510 MW spread across eleven power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, apart from a 40 MW solar power plant in Gujarat.

Meanwhile, Adani Wilmar reported its highest-ever quarterly net profit of Rs 411 crore in the October-December quarter, up by 105 per cent year-on-year. In the year-ago quarter, the profit after tax was at Rs 200.89 crore. The company has been delivering strong profits over the last five quarters.

The company also reported its highest-ever revenue of Rs 16,859 crores in the December quarter, up by 31 per cent year-on-year, with underlying volume growth of 5 per cent year-on-year.

The company achieved a healthy volume growth of 5 per cent year-on-year, despite significant price hikes driven by a surge in raw material costs.

Similarly, the Adani Group company reported its highest-ever quarterly operating EBITDA of Rs 792 crores in the December quarter, up by 57 per cent year-on-year.

Its food and FMCG recorded revenue growth of 22 per cent year-on-year in the December quarter, with an underlying volume growth of 23 per cent year-on-year. Trailing 12 months (TTM) revenue was at Rs 6,150 crores.

The Adani company has been expanding its distribution network to access more towns, reaching over 43K rural towns directly by the end of December 2024.

This marks substantial progress from just over 5,000 towns in March 2022. The company said that the goal is to reach over 50,000 rural towns by the end of 2024-25 and drive the penetration of outlets as well as volume offtake in these new outlets.

In Q3, revenue from alternate channels increased at a strong double-digit rate YoY, with revenue over the past 12 months at around Rs 3,300 crores. The e-commerce (including quick commerce) sales volume continued to grow rapidly at 41 per cent YoY.

Leave a Reply

Your email address will not be published. Required fields are marked *

scroll to top