Adani Power Q3 results: PAT rises 7.4% to ₹2,940, board approves ₹5,000 crore QIP

The company’s profit surged due to higher revenues on the back of increased electricity sales volume.

The company's total revenue from operations stood at ₹14,833 crore in the third quarter of the 2024-25 fiscal (Q3 FY25), jumping 11% YoY from ₹13,355 crore in the year-ago period (Q3 FY24).

"Consolidated total revenue for Q3 FY25 higher by 11% to ₹14,833 crore vs ₹13,355 crore in Q3 FY24, primarily due to higher volume," the company said in a statement.

Adani Power’s (EBITDA) Earnings Before Interest, Tax, Depreciation and Amortisation grew 8% to ₹5,023 crore for Q3 FY25, and the margin was up at 36.7%.

The company's consolidated power sale volume in the quarter grew 8% to 23.3 billion units (BU), compared to 21.5 BU in Q3 FY24 due to improved power demand and higher operating capacity, it added.

Management commentary

Adani Power's CEO S.B. Khyalia said that the company is well on its way to achieving its generation capacity target of over 30 GW by 2030, with rapid progress in under-construction projects, a secure supply chain, and successful bids for long-term PPA (power purchase agreement) tie-ups.

"We are well-positioned to benefit from the attractive opportunities in the Indian thermal power sector and to support its steadily growing power demand...We are taking steps ranging from backward integration into mining to improve our competitiveness and digitalisation of our operations to enhance our future readiness," Khyalia noted.

Adani Power Board approves ₹5,000 QIPs

The company's board approved fundraising of ₹5,000 crore via a Qualified Institutional Placement (QIP). The shares issued for the QIP will have a face value of ₹10 each.

The Board of Directors of Adani Power has also approved enhancement and combination of the previously approved fund-raising limit by way of nonconvertible debentures (NCDs) from ₹5,000 crore to ₹11,000 crore, which is to be raised through public issue or private placement, or a mix thereof, and which may be issued in one or more tranches.

Adani Power share performance

Adani Power shares closed in the green at ₹522.25 apiece, up 5.04% on the National Stock Exchange (NSE) after its Q3 result announcement on Wednesday.

The company has gained 0.42% over the past five days and has fallen 3.19% during the last month. The scrip lost 27.10% over the last six months and 8.45% since last year.

About Adani Power

Adani Power (APL), a part of the Adani portfolio, is the largest private thermal power producer in India.

The company has an installed thermal power capacity of 17,510 MW spread across eleven power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, Jharkhand, and Tamil Nadu, apart from a 40 MW solar power plant in Gujarat.