Adani Power Ltd. is set to announce its earnings for the June quarter on July 31. The company’s stock has surged over 35% in Q1, with investors eagerly awaiting the upcoming results following a weak performance in the March quarter.
Key Financial Metrics:
– Previous Quarter Performance:
– Net Profit: There was a 48% year-over-year decline in net profit to ₹2,737 crore in Q4. This was a drop from the previous year’s ₹5,290 crore.
– Total Income: Increased to ₹13,881.52 crore from ₹10,795.32 crore.
– Revenue from Operations: Rose by 30% to ₹13,363.69 crore from ₹10,242.06 crore.
– Expenses: Increased to ₹10,323.58 crore from ₹9,897.60 crore.
– Full-Year FY24 Performance:
– Net Profit: Nearly doubled to ₹20,828.79 crore from ₹10,726.64 crore in FY23.
– Revenue: Rose 40% to ₹60,281 crore from ₹43,041 crore in FY23.
Company Overview:
– Market Capitalization: ₹2.76 lakh crore.
– Current Capacity: Operates a thermal power capacity of 15.25 gigawatts (GW).
– Expansion Plans: Adani Power is exploring growth through brownfield expansions, ultra-supercritical technology, and inorganic opportunities. The firm is also considering a divestment of the Dahanu asset to a group entity.
India’s power demand is expected to hit 260 gigawatts (GW) this summer, fueled by robust economic growth. Despite the expansion of renewable energy sources, thermal power continues to be a critical component of the country’s energy mix. In response, the government has significantly increased its projections for new thermal power installations, raising the target from 50 GW to over 80 GW. Additionally, it has committed to ensuring a stable fuel supply for thermal plants, supporting the sector’s ongoing role in meeting the nation’s energy needs.
Market Performance:
– Share Price Movement: As of 10:30 AM, Adani Power shares were trading 1.61% higher at ₹727.95 on the NSE.
