वित्तीय वर्ष 2024 की तीसरी तिमाही में, अदानी पावर के राजस्व में साल-दर-साल 72% की वृद्धि देखी गई, जो ₹13,405 करोड़ तक पहुंच गया।

Adani Power Ltd. (APL), a component of the Adani portfolio, disclosed its financial results for the third quarter ending on December 31, 2023, in an exchange filing on Thursday.

Operational Performance:

In Q3 FY 2023-24, the operational performance encompassed the 1,600 MW Godda Ultra-supercritical thermal power plant of APL's subsidiary, Adani Power (Jharkhand) Limited (APJL), commissioned in Q1 FY 2023-24. During both the third quarter and the nine-month period of FY 2023-24 concluding on December 31, 2023, increased volumes were contributed by the Mundra, Udupi, Raipur, and Mahan plants, along with the incremental contribution of the Godda power plant, which rapidly became a significant part of Bangladesh's power supply ecosystem.

Domestic power sales volumes were boosted by the rising power demand across India, and Power Purchase Agreements (PPAs) were supported by declining prices of imported coal and alternate fuel. Reported revenues for Q3 FY 2023-24 amounted to Rs. 13,355 Crore, including a one-time net de-recognition of prior period items of Rs. (-) 50 Crore due to domestic coal shortfall, carrying cost, and late payment surcharge. In comparison, Q3 FY 2022-23 reported revenue included the recognition of one-time prior period items of Rs. 517 Crore.

Similarly, reported revenues for 9M FY 2023-24 reached Rs. 46,400 Crore, including the recognition of one-time prior period items of Rs. 9,227 Crore, relating to domestic coal shortfall, carrying cost, and late payment surcharge. This is compared to one-time prior period recognition of this nature amounting to Rs. 5,641 Crore for 9M FY 2022-23.

The depreciation charge for Q3 FY 2023-24 increased to Rs. 1,002 Crore from Rs. 838 Crore in Q3 FY 2022-23 due to the addition of the Godda power plant. Similarly, the depreciation charge for 9M FY 2023-24 increased to Rs. 2,941 Crore from Rs. 2,487 Crore in 9M FY 2022-23.

Finance costs for Q3 FY 2023-24 reduced to Rs. 797 Crore from Rs. 946 Crore in Q3 FY 2022-23, mainly due to a reduction in secured and unsecured debt over the past year, partially offset by higher borrowing costs for the Godda power plant. Finance costs for 9M FY 2023-24 marginally decreased to Rs. 2,568 Crore from Rs. 2,588 Crore in 9M FY 2022-23 due to similar reasons.

Profit Before Tax (PBT) for Q3 FY 2023-24 significantly rose to Rs. 3,210 Crore, compared to PBT of Rs. 212 Crore for Q3 FY 2022-23. PBT for 9M FY 2023-24 increased by 154%, reaching Rs. 17,234 Crore compared to Rs. 6,777 Crore for 9M FY 2022-23.

Consolidated Profit After Tax (PAT) for Q3 FY 2023-24 was Rs. 2,738 Crore, contrasting with Rs. 9 Crore for Q3 FY 2022-23. PAT for 9M FY 2023-24 was 230% higher at Rs. 18,092 Crore after recognizing deferred tax assets of Rs. 858 Crore, in comparison to PAT of Rs. 5,484 Crore for 9M FY 2022-23.

Adani Power Limited's shares concluded at Rs. 544, reflecting a 4.63% increase at 3:30 pm IST on Thursday.

In the third quarter of the fiscal year 2024, Adani Power witnessed a 72% year-on-year increase in revenue, reaching ₹13,405 crore.