New Delhi, Oct 28 :
Adani Power on Monday reported 50% year-on-year decline in consolidated net profit to Rs 3,297.52 crore for July-September quarter (Q2) of current financial year 2024-25.
The company had posted a profit of Rs 6,594.17 crore in the Q2 of previous financial year 2024-25.
Adani Power’s revenue from operations during the September quarter of the current financial year rose marginally to Rs 13,338.88 crore from Rs 12,990.58 crore in the corresponding period of the previous financial year.
The Adani group company in a media release said that power demand was flat during Q2 FY25 as compared to the corresponding quarter of FY24.
“This was primarily due to climatic conditions such as a delayed but prolonged rain spell affecting demand. Nevertheless, cumulative demand for FY 2024-25 till 30th September 2024 was robust with a growth of 5% over the first half of FY 2023-24. Growing peak demand has also improved power offtake from the thermal power sector to ensure uninterrupted power supply during the hours of low renewable energy generation,” it said.
Adani Power achieved operating generation capacity of 17,550 MW as on 30th September 2024 with the addition of 2,300 MW operating capacities.
Commenting on the company’s financial performance, S B Khyalia, CEO, Adani Power said, “Adani Power has embarked on the next phase of its growth journey, swiftly achieving capacity expansion milestones and securing power supply agreements to ensure long-term revenue stability. The company consistently delivers robust operating and financial performance by leveraging its inherent strengths and competitive advantages.”
