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Informist, Friday, Aug. 1, 2025

--Adani Power: Apr-Jun volumes up YoY on higher offtakes in some plants

--Adani Power: Apr-Jun volumes up YoY on higher operating capacity

--Adani Power:Peak demand for Apr-Jun was 243 GW, down 2.8% on year

--Adani Power: Demand for power in Apr-Jun affected by early monsoon

--Adani Power installed capacity 17.55 GW on Jun 30 vs 15.25 GW year ago

--Adani Power Apr-Jun plant load factor 67% vs 78% year ago

--Adani Power Apr-Jun consol power sale volume 24.6 bln units, up 1.6% YoY

--Adani Power Apr-Jun consol reported EBITDA INR 61.50 bln vs INR 67.13 bln

--Adani Power Apr-Jun consol other income INR 4.65 bln vs INR 5.18 bln

--Adani Power OKs 5-for-1 stock split

--Adani Power Apr-Jun consol revenue INR 141.09 bln vs INR 149.56 bln yr ago

--Adani Power Apr-Jun consol PAT INR 33.84 bln vs INR 39.13 bln year ago

By Sunil Raghu

AHMEDABAD – Adani Power Ltd.'s consolidated net profit for the June quarter fell 13.5% on year to INR 33.8 billion, as the company's plant load factor dropped to 67% from 78% a year ago. The early onset of the monsoon hit demand for electricity in the June quarter, especially merchant power. The average market clearing price on the Indian Energy Exchange declined 16% on year to INR 4.41 per unit in the June quarter. Adani Power's merchant sales in the June quarter were up 7.7% on year at 5.7 billion units. The company sold a total of 24.6 billion units during the quarter.

The company reported a 5.7% on-year fall in its consolidated revenue for June quarter at INR 141.1 billion. The company's expenses fell 1.9% on year to INR 103.7 billion. Other income, which includes the revenue settled after lawsuits and past discrepancies with its buyers, fell 10.2% on year to nearly INR 4.7 billion.  

In a statement, the company said its consolidated power sales volume in the June quarter stood at 24.6 billion units, up 1.6% from 24.2 billion units in the year-ago quarter due to higher operating capacity and higher offtake at some plants. The company's consolidated operating capacity increased to 17.55 GW at the end of the June quarter from 15.25 GW in Apr-Jun year ago. This capacity has further risen to 18.15 GW in July, the company said.

The plant load factor, or the capacity utilisation of power plants, on the increased capacity was at a low of 67% during the June quarter, against 78% in Apr-Jun last year.

Though overall sales volumes increased, the company's expenses saw a fall in the June quarter. The fall in spend was led by a drop in fuel costs, the largest cost overhead for any power generating company, which fell 7.5% on year to INR 73.1 billion.

The outgo on power purchases, meant for resale, fell 10.3% on year to INR 96.2 million. Transmission charges were down 13.7% on year in June quarter at INR 1.1 billion. However, owing to the company's continued spate of acquisitions, depreciation and amortisation costs increased 9.3% on year to INR 10.9 billion. Finance costs were up 5.6% on year at INR 8.6 billion.

The consolidated continuing earnings before interest, tax, depreciation, and amortisation for the June quarter fell 8.7% on year to nearly INR 57.4 billion. Additional operating expenses of recent acquisitions, apart from slower demand growth and lower merchant tariffs, also contributed to the fall in EBITDA.

"Adani Power's stable financial performance this quarter is a testament to its resilience and core strengths, even in the face of variability in power demand and unpredictable weather," S. B. Khyalia, chief executive officer of Adani Power, said in a statement. 

The company's consolidated reported EBITDA for Apr-Jun came in at INR 61.50 bln, compared to INR 67.13 billion a year ago.

The company said that as of Jun. 30, its total debt stood at INR 443.7 billion, compared to INR 383.4 billion on Mar. 31. The net debt on Jun. 30 stood at INR 374.4 billion, against INR 310.2 billion on Mar. 31. The increase in debt was on account of bridge financing for capital expenditure and working capital borrowings in line with the increased scale of operations, the company said in the statement.

During the June quarter, Adani Power redeemed unsecured perpetual securities of INR 25.8 billion. As on Jun. 30, the principal outstanding of the unsecured perpetual securities stood at INR 4.8 billion, the company said.

The company, which supplies electricity to Bangladesh from its Godda power plant in Chhattisgarh, said the neighbouring nation has now been paying its dues regularly. The company received $437 million in June and $75 million in July.

The company's board has recommended a five-for-one stock split. At 1448 IST, shares of Adani Power were at INR 575.80 per share on the National Stock Exchange, down 2.1%.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Avishek Dutta

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