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Adani Power reported a 64% year-on-year increase in consolidated net profit to INR 4,271.40 crore for the quarter ended March 31, driven by higher income and reduced tax expenses. Total income rose to INR 15,989.09 crore, while full-year profit reached INR 12,971.08 crore. The company also reported improved operating revenues supported by higher plant uptime and capacity. Alongside financial performance, Adani Power continues to advance expansion projects and secure long-term power supply agreements, with a target to add 23.7 GW of thermal capacity by 2032, reflecting ongoing capacity growth and demand alignment.
Adani Power reported a consolidated net profit of INR 4,271.40 crore for the quarter ended March 31 in the past week, marking an increase of over 64% compared to INR 2,599.23 crore recorded in the corresponding period a year earlier. The growth was attributed to higher total income and lower tax expenses, as disclosed in the company’s exchange filing. Advertisement
Total income for the quarter rose to INR 15,989.09 crore from INR 14,535.60 crore reported in the same period of the previous financial year. Continuing operating revenues increased by 2.93% to INR 14,559.97 crore, supported by higher plant uptime, favourable foreign exchange movement, and expanded operating capacity, despite a decline in merchant power tariffs and imported coal prices.
For the full financial year, the company reported a net profit of INR 12,971.08 crore, compared to INR 12,749.61 crore in the previous year, reflecting stable annual performance.
SB Khyalia, chief executive officer of Adani Power, indicated that the company’s performance was supported by operational efficiencies and cost management. He stated that energy security continues to remain critical amid global price volatility, and noted that thermal power plays a role in stabilising the grid and meeting peak electricity demand as India expands its renewable energy capacity.
The company also reported progress across its ongoing capacity expansion projects. As of the end of March, construction at the 1,600 MW Mahan Phase II ultra super critical thermal power plant had reached 86% completion. The Raipur Phase-II and Raigarh Phase-II projects, each with 1,600 MW capacity, were at 54% and 47% completion respectively. Additionally, the 1,320 MW Phase-II expansion at Korba Power Ltd is expected to be completed in the next financial year.
Adani Power has outlined plans to add 23.7 GW of thermal power capacity by 2032, indicating a continued focus on expanding its generation portfolio.
During the quarter, the company secured a Letter of Award from Maharashtra State Electricity Distribution Company Ltd for the supply of 1,600 MW of power over a 25-year period. The project will be developed under a design, build, finance, own and operate model, with fuel sourced through coal linkages under the SHAKTI policy.
Separately, its subsidiary Moxie Power Generation Ltd signed a 558 MW power purchase agreement with Tamil Nadu DISCOM for a five-year period, with supply from the Tuticorin power plant. Following this agreement, the subsidiary’s operating capacity has been fully tied up, while Adani Power’s overall capacity is tied up to the extent of 95% under long- and medium-term agreements.
Adani Power currently operates a thermal power capacity of 18,110 MW across multiple states, along with a 40 MW solar power installation in Gujarat, maintaining its position as India’s largest private thermal power producer.
Source - PTI
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