Adani Power’s Strong Performance in Q3 FY25
Adani Power Ltd has posted an impressive 7.4% year-on-year (YoY) increase in consolidated net profit, reaching ₹2,940.07 crore for the quarter ending in December 2024. The company’s total revenue surged by 11% to ₹14,833 crore, attributed to higher sales volume and improved demand in the power sector. The company’s Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) stood at ₹6,185 crore, marking a 23% increase from the previous year. This growth was driven by a combination of operational efficiencies and one-time income gains.
Power Sales Volume Sees a Significant Boost
One of the key highlights of Q3 FY25 was the growth in power sale volume, which increased by 8% YoY to 23.3 billion units (BU), compared to 21.5 BU in the same quarter of the previous year. This boost was fueled by higher power demand and expanded operating capacity. According to Adani Power CEO SB Khyalia, the company is well on track to achieve its ambitious target of 30+ GW generation capacity by 2030. He emphasized Adani Power’s focus on infrastructure expansion, digitalization of operations, and backward integration into mining to strengthen its competitive edge.
To support its expansion strategy and strengthen financial reserves, Adani Power’s Board of Directors has approved a fundraise of ₹5,000 crore via Qualified Institutional Placement (QIP). The company’s exchange filing specified: “The board of directors has approved raising funds by way of issuance of such number of equity shares having face value of ₹10 each of the company and/or other eligible securities or any combination thereof for an aggregate amount not exceeding ₹5,000 crore.” In addition to QIP, the board has also given the green light to enhance its fundraising limit via Non-Convertible Debentures (NCDs) to ₹11,000 crore from ₹5,000 crore. These NCDs will be issued through either a public issue, private placement, or a combination of both, in one or more tranches.
Nine-Month Performance Overview
For the first nine months of FY25, Adani Power reported 22% YoY growth in power sale volume, reaching 69.5 BU, compared to 57.1 BU in the previous year. This substantial growth is attributed to: Increased power demand, expansion of operational capacity, strategic acquisitions of key power plants. However, the growth in operating revenue slowed slightly compared to FY24, primarily due to lower import coal prices and reduced merchant tariffs.
Despite challenges, EBITDA saw a 21.9% increase for the nine months of FY25 compared to the same period in FY24, benefiting from: Higher recurring revenues& cost moderation in fuel procurement. However, on a quarter-on-quarter (QoQ) basis, EBITDA remained flat compared to Q3 FY24, mainly due to fluctuations in merchant tariffs.
Acquisitions and Future Outlook for Adani Power
The recent acquisition of Dahanu, Moxie Power Generation Ltd, and Korba Power Ltd has contributed significantly to Adani Power’s power dispatch growth. These acquisitions are expected to play a crucial role in the company’s long-term expansion plans and contribute towards achieving its 30 GW target by 2030. Following the strong Q3 earnings report, Adani Power’s share price surged by 5.08%, closing at ₹522.35 on the Bombay Stock Exchange (BSE). The company announced the financial results during market hours, and investors reacted positively to the overall growth trajectory and expansion plans.
Adani Power’s consistent growth, strategic acquisitions, and focus on renewable energy and infrastructure modernization position it as a leader in India’s power sector. With increased investments in capacity expansion, digitalization, and backward integration, the company is set to continue its robust performance.
Key Takeaways from Adani Power’s Q3 FY25 Results:
✅ Net profit grew by 7.4% to ₹2,940 crore ✅ Total revenue increased by 11% YoY, reaching ₹14,833 crore ✅ EBITDA rose by 23% to ₹6,185 crore ✅ Power sale volume increased by 8% YoY to 23.3 BU ✅ ₹5,000 crore fundraising approved via QIP ✅ ₹11,000 crore NCD limit approved for future fundraising ✅ Stock price jumped 5.08% on BSE, closing at ₹522.35.
Adani Power has demonstrated strong financial and operational resilience in Q3 FY25, with steady growth in net profit, revenue, and power sales. Its strategic initiatives in capacity expansion, acquisitions, and technological advancements ensure that the company remains on a strong growth trajectory. With its ambitious 30 GW target by 2030, Adani Power is well-positioned to drive India’s power sector into a new era of sustainability and efficiency.
FAQs
❓ What was Adani Power’s Q3 FY25 net profit?
✅ Adani Power reported a 7.4% YoY rise in net profit, reaching ₹2,940 crore.
❓ How much revenue did Adani Power generate in Q3 FY25?
✅ The company’s total revenue increased by 11% YoY, reaching ₹14,833 crore.
❓ How much power did Adani Power sell in Q3 FY25?
✅ The company’s power sale volume grew by 8% YoY, reaching 23.3 billion units (BU).
❓ What are Adani Power’s fundraising plans?
✅ The company’s board approved ₹5,000 crore via QIP and ₹11,000 crore via NCDs.
❓ How did Adani Power’s stock react to the Q3 results?
✅ Shares of Adani Power surged by 5.08%, closing at ₹522.35 on BSE.
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