Adani Power’s second-quarter performance showcased resilient growth, with revenue rising by 2.7% to ₹13,338.88 crore. Power sales surged 21%, driven by increased demand and enhanced operational capacity. The company has positioned itself strongly for future expansion, with a strategic ₹5,000 crore fundraising approved to support growth through secure debentures.

It also reported a 50% drop in its consolidated net profit for the quarter ending September 2024. It reached ₹3,298 crore compared to ₹6,594.17 crore in the same quarter last year. Despite the profit decline, the company’s revenue from operations rose by 3% to ₹13,339 crore, up from ₹12,991 crore in the corresponding period of the previous financial year.

Adani Power Reports Strong H1 FY25 Growth In Revenue and EBITDA

Adani Power has reported substantial growth in its financial performance for the first half of FY25. Revenue from continuing operations rose by 20% year-over-year (YoY) to ₹28,517 crore. According to the company’s exchange filing, revenue increased 10.8% YoY to ₹13,465 crore for the second quarter alone. This growth reflects continued strength across the company’s operations.

Regarding profitability, continuing EBITDA surged by 38% YoY to ₹11,692 crore in H1 FY25, with Q2 EBITDA rising by 24.6% YoY to ₹5,402 crore. Adani Power’s profit before tax (PBT) from continuing operations also saw significant gains. Increasing by 69% YoY to ₹8,020 crore in the first half and by 44.8% YoY to ₹3,537 crore in the second quarter, underscoring the company’s positive trajectory.

Adani Power Embarks On New Growth Phase, Expands Capacity, And Secures Power Agreements

Adani Power’s CEO, S B Khyalia, has announced that the company is entering a dynamic new phase in its growth journey, focused on strategic capacity expansion and long-term revenue security. Khyalia highlighted that Adani Power is rapidly meeting critical expansion milestones, positioning itself to meet increasing energy demands and reinforce its market presence.

In line with this growth strategy, the company has also secured power supply agreements to enhance revenue stability over the long term. These moves underscore Adani Power’s commitment to strengthening its operational foundation while aligning with India’s energy sector goals. The CEO emphasized that these strategic advancements are key to ensuring sustained success and stability as the company progresses through its next growth phase.
“The company consistently delivers robust operating and financial performance by leveraging its inherent strengths and competitive advantages. Its diverse capabilities and financial resilience provide a solid foundation for growth, enabling it to realise its vision of supporting India’s economic development with reliable, sustainable, and affordable power supplies. Additionally, we are committed to rapidly turning around our recently acquired stressed power plants by utilising our core competence and strengths,” Khyalia said.

In a recent business update, Adani Power reported reaching an operational generation capacity of 17,550 MW as of September 30, 2024. This milestone includes the addition of 2,300 MW in capacity, which comprises 500 MW from the Adani Dahanu Thermal Power Station (ADTPS) and 600 MW from Lanco Amarkantak Power Limited (LAPL), both acquired through the Corporate Insolvency Resolution Process.