Results     17-Aug-24
Analysis
Adani Power
Sales up 36%, net down 55%
Consolidated net sales (including other operating income) of Adani Power for the quarter ended Jun 2024 has increased 35.89% to Rs 14955.63 crore.  Operating profit margin has jumped from 31.93% to 41.42%, leading to 76.26% rise in operating profit to Rs 6,194.31 crore.  Purchase of finished goods cost fell from 0.21% to 0.07%.   Employee cost increased from 1.37% to 1.42%.   Other expenses fell from 66.48% to 57.09%.   Power and Oil fuel cost fell from 61.44% to 52.81%.   Other direct service cost fell from 1.15% to 0.89%.   

Other income fell 92.70% to Rs 518.32 crore.  PBIDT fell 36.78% to Rs 6712.63 crore.  Provision for interest fell 8.15% to Rs 811.49 crore.  

PBDT fell 39.38% to Rs 5901.14 crore.  Provision for depreciation rose 6.53% to Rs 995.63 crore.  

Profit before tax down 44.25% to Rs 4,905.51 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 992.72 crore, compared to Rs 40.2 crore.  Effective tax rate was 20.24% compared to 0.46%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company decreased 55.33% to Rs 3,912.79 crore.  

Promoters’ stake was 72.71% as of 30 June 2024 ,compared to 74.97% as of 30 June 2023 .  Promoters pledged stake was 0.45% as of 30 June 2024 ,compared to 25.06% as of 30 June 2023 .  



 

Management Comments :
S B Khyalia, CEO, Adani Power Limited, said, "As Adani Power grows from strength to strength, we have undertaken advance development activities to secure execution pipelines for three Ultra-supercritical projects of 1,600 MW each to prepare ourselves for the anticipated resurgence in the thermal power sector. Our strategic focus is to derisk our growth plans by utilizing high efficiency, low emission technologies, pooling our deep experience and multi-domain expertise for project development, securing access to fuel resources, and revitalizing the organization to become more agile and competitive in the digitalized world. Adani Power is dedicated to enhancing lives and ensuring India’s energy security by proactively addressing the need for sustainable, affordable, and reliable power, while also being a responsible steward of the environment and surrounding communities.” 

Adani Power : Consolidated Results
 Quarter endedYear ended
Particulars202406202306Var.(%)202403202303Var.(%)
Net Sales (including other operating income)14,955.6311,005.5435.8950,351.2538,773.3029.86
OPM (%)41.4231.93949 bps36.1125.911,020 bps
OP6,194.313,514.2376.2618,180.7010,044.6681.00
Other Inc.518.327,103.47-92.709,930.234,267.22132.71
PBIDT6,712.6310,617.70-36.7828,110.9314,311.8896.42
Interest811.49883.49-8.153,388.093,333.501.64
PBDT5,901.149,734.21-39.3824,722.8410,978.38125.20
Depreciation995.63934.596.533931.333303.6819.00
PBT4,905.518,799.62-44.2520791.517674.7170.91
Share of Profit/(Loss) from Associates00-00-
PBT before EO4905.518799.62-44.2520791.517674.7170.91
EO Income00-00-
PBT after EO4905.518799.62-44.2520791.517674.7170.91
Taxation992.7240.22,369.45-37.28-3051.9498.78
PAT3912.798759.42-55.3320828.7910726.6494.18
Minority Interest (MI)00-00-
Net profit3912.798759.42-55.3320828.7910726.6494.18
P/(L) from discontinued operations net of tax00-00-
Net profit after discontinued operations3912.798759.42-55.3320828.7910726.6494.18
EPS (Rs)*10.1422.71-55.3354.0027.8194.18
* EPS is on current equity of Rs 3,856.94 crore, Face value of Rs 10, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database


Adani Power : Consolidated Segment Results
 Quarter endedYear ended
% of (Total)202406202306Var.(%)% of (Total)202403202303Var.(%)
Sales
PowerPower Generation and related activities100.0014,955.6310,983.1336.1799.3350,014.1637,895.8531.98
Shipping0.000.000.00-
Trading, investment and other activities0.000.0022.41-0.67337.09877.45-61.58
Total Reported Sales100.0014,955.6311,005.5435.89100.0050,351.2538,773.3029.86
Less: Inter segment revenues 0.000.00- 0.000.00-
Net Sales100.0014,955.6311,005.5435.89100.0050,351.2538,773.3029.86
PBIT
PowerPower Generation and related activities100.004,905.518,793.68-44.2298.8720,557.226,957.13195.48
Shipping0.000.000.00-
Trading, investment and other activities0.000.005.94-1.13234.29717.57-67.35
Total PBIT100.004,905.518,799.62-44.25100.0020,791.517,674.70170.91
Less : Interest0.000.00-0.000.00-
Add: Other un-allcoable0.000.00-0.000.00-
PBIT Margin(%)
PowerPower Generation and related activities 32.8080.07-4,726.49 41.1018.362,274.42
Shipping 0.000.000.00
Trading, investment and other activities 0.0026.51-2,650.60 69.5081.78-1,227.53
PBT100.004,905.518,799.62-44.25100.0020,791.517,674.70170.91
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