Adani Power Q4 results: Net profit rises 12.9% to Rs 5,242 crore

Adani Power on Friday reported consolidated net profit of Rs. 5,242 crore for the March quarter. This is an increase of 12.9 per cent from the ₹4,645 crore a year earlier, the company statement said.

In filing with the stock exchanges, the company said total consolidated revenue was 35.8 per cent higher at Rs.43,041 crore in FY23 versus Rs.31,686 crore in FY22 mainly due to the achievement of improved tariff and higher import prices. Coal and one-time high coal prices. Recognition of revenue on account of regulatory claims.

The company’s consolidated EBITDA for FY23 was higher at Rs.14,312 crore vs. Rs.13,789 crore in FY22, Consolidated PAT for FY23 was up by 118.4 per cent at Rs.10,727 crore vs. 4,912 crore for FY22.

“India’s growing demand for world-class infrastructure facilities is a stepping stone to the next phase of its economic growth. As the largest infrastructure conglomerate in the country, Adani Group is fully committed to meeting it in a sustainable and dependable manner. Reliable and scalable base-load capacity is paramount. fundamental to its economic strength, which Adani Power is best to complement alongside the group’s diversified presence across the power value chain of conventional and renewable generation, transmission and distribution,” said Gautam Adani, Chairman, El Adani Group.

“Adani Power Limited has aptly demonstrated the tireless spirit that drives the Adani Group by overcoming challenges through perseverance, dedication and strong belief in core values. The company is now entering the next phase of its corporate journey with a healthy balance sheet, modern and efficient fleet, and holding structure The pinnacle of long-deliberated regulatory issues has helped develop and refine principles that will enable the energy sector to grow profitably and equitably We have also begun a new chapter in cross-border cooperation – commissioning of the first 800 MW unit in the Joudda supercritical thermal power project, which will provide for Bangladesh A reliable source of electricity, helping it achieve its long-term economic goals,” said SB Khalia, CEO, Adani Power Limited.

First published: May 06, 2023 | 12:20 a.m ist