Adani Power Q4 PAT rises to ₹5,242 crore
- The firm also registered a higher profit of 118.4% at ₹10,727 crore in FY 2023, compared to ₹4,911.58 crore in FY 2022.
Adani Power, an Indian power and energy company, which is a part of Adani Group, on Friday said its consolidated net profit crore for the quarter ended 31 March, 2023 (Q4FY23) stood higher by 12.9% at ₹5,242.48 crore against ₹4,645.47 crores in Q4FY22.
The firm also registered a higher profit of 118.4 percent at ₹10,727 Crore in FY 2023, compared to ₹4,911.58 crore in FY 2022, it said in a regulatory filing.
The consolidated total revenue of the firm grew by 35.8% at ₹43,041 crore in FY23 vs ₹31,686 crore in FY22. The firm cited improved tariff realisation, high import coal price, and higher one-time revenue recognition on account of regulatory claim for this growth.
Among other details, Adani Power mentioned that its consolidated EBITDA for FY23 was higher at ₹14,312 crore against ₹13,789 crore in FY22. The firm said higher tariff realisation and one-time revenue recognition, offset mainly by higher fuel as reason for this change.
The consolidated total revenue for Q4 FY23 stood at ₹10,795 crore vs ₹13,308 crore in Q4 FY22, while the net EBITDA for Q4 FY23 stood at ₹2,461 crore vs ₹7,942 crore in Q4 FY22.
Commenting on the quarterly results of the Company, Mr. Gautam Adani, Chairman, Adani Group said, “India’s growing demand for world-class infrastructure facilities is acting as the springboard for the next phase of its economic growth. As the nation’s foremost infrastructure conglomerate, Adani Group is fully committed to meet it in a sustainable and dependable manner. Reliable and scalable base load power is fundamental to its economic sustenance, which Adani Power is best placed to supplement along with the Group’s diversified presence across the energy value chain of renewable and conventional generation, transmission, and distribution.”
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First Published:6 May 2023, 05:49 AM IST
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