New Delhi: Adani Power reported a 30 percent year-over-year increase in revenue growth in its first quarter of the 2024–25 fl year. Continuing EBIDTA has increased by 53%. EBIDTA stands for earning before interest, taxes, depreciation, and amortization. Additionally, the profit before tax increased by 95% annually.
As Adani Power continues to strengthen, we have initiated advanced development activities to secure execution pipelines for three 1,600 MW ultra-supercritical projects in anticipation of a resurgence in the thermal power sector. Our strategic focus is to mitigate risks in our growth plans by leveraging high-efficiency, low-emission technologies, combining our extensive experience and multi-domain expertise in project development, ensuring access to fuel resources, and revitalizing the organization to become more agile and competitive in the digital age,” stated SB Khyalia, CEO of Adani Power Limited.
Adani Power is committed to improving lives and ensuring India’s energy security by proactively meeting the demand for sustainable, affordable, and reliable power, all while acting as a responsible steward of the environment and local communities,” the statement added.
According to the statement, increased power demand and greater effective operational capacity resulted in a 38% increase in the first quarter’s consolidated power sale volume, which was 24.1 billion units.
The first quarter saw an overall increase in power demand in India of 10.6% year over year, with peak demand rising at 12% to a record level of 250 GW. Power demand is still expected to expand strongly throughout the country. APL’s power plants are seeing increased offtake from both contracted and open capacity as a result of the favorable environment for the power industry, according to the statement.
“During Q1 FY 2024–25, most of our plants, particularly Mundra and Mahan, contributed to increased volumes, along with Godda, where the second 800 MW unit was commissioned on June 26, 2023. The rising power demand drove domestic power sales volumes, and the offtake under Power Purchase Agreements (PPAs) was bolstered by decreasing prices of imported coal,” the statement said.
Adani Power stated that, following the satisfactory resolution of all significant regulatory concerns and the recovery of regulatory dues during FY 2023–2024, it has entered a period of increased regulatory certainty. “Consequently, prior-period revenue recognition on account of regulatory orders has come down significantly,” it stated.
