Adani Power Ltd. [APL], a key player in the Adani portfolio of companies, has announced its financial performance for the fourth quarter . In a statement, Mr. Gautam Adani, Chairman of the Adani Group, emphasized the company’s commitment to supporting India’s transition to sustainable energy solutions. He highlighted APL’s role in providing innovative and reliable power solutions across the country to meet the growing energy demands.
Mr. S B Khyalia, CEO of Adani Power Limited, hailed the company’s performance, describing it as another outstanding quarter. He attributed the success to APL’s sound strategy and operational excellence. Mr. Khyalia outlined APL’s focus on enhancing reliability, reducing generation costs, and improving plant efficiency to ensure sustainable, affordable, and reliable power supply across India.
Operating Performance
- Installed Capacity: 15,250 MW
- Plant Load Factor: 71.5%
- Units Sold: 22.1 BU
The operating performance for Q4 FY 2023-24 included significant contributions from the newly commissioned 1600 MW Godda Ultra-supercritical Thermal Power Plant (USCTPP). Higher volumes were recorded across all plants, driven by Mundra, Godda, Udupi, and Mahan.
Financial Performance
- Continuing Revenue from Operations: Rs. 13,288 Crore
- Continuing EBITDA: Rs. 5,273 Crore
- Profit Before Tax: Rs. 3,558 Crore
- Profit After Tax: Rs. 2,737 Crore
Key financial highlights for Q4 FY 2023-24 include a strong growth in Continuing EBITDA, driven by lower import fuel prices and higher merchant sales contribution. Additionally, the company reported a sharp growth in Profit Before Tax due to enduring improvement in operating profitability.
For the full fiscal year 2023-24, APL reported robust financial performance, with reported revenues reaching Rs. 60,281 Crore. Continuing EBITDA grew significantly to Rs. 18,789 Crore, driven by higher volumes and lower import fuel prices. The company’s Profit Before Tax surged to Rs. 20,792 Crore, reflecting improved recurring profitability and higher one-time income.
APL ended FY 2023-24 with a stronger balance sheet and sound liquidity, with Total Shareholdersโ Funds reaching Rs. 43,145 Crore and Net Total Debt decreasing to Rs. 26,545 Crore.
ESG Updates
- APL maintained its score of B by the Carbon Disclosure Project (CDP) for 2024.
- APL scored 48/100 in Corporate Sustainability Assessment (CSA) by S&P Global, outperforming the industry average.
- APL’s water intensity performance for FY 2023-24 was 2.35 m3/MWh, significantly lower than the statutory limit for hinterland plants.
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