Adani Power Q1 Results: Net profit falls 55% on-year to Rs 3,900 crore; margin improves

Adani Power Q1 results declared

Power generation company Adani Power has reported 55 percent fall on a year-on-year basis in its net profit at Rs 3,900 crore, compared to Rs 8,759 crore in the same period last year.

The company's revenue came in at Rs 14,717 crore, an increase of 36 percent YoY from Rs 11,005 crore in the previous year's corresponding quarter.

Power demand is continuing to exhibit strong growth across India, with aggregate power demand in the first quarter growing at 10.6 percent year-on-year and peak demand growing at 12 percent to reach a record level of 250 GW.

"This positive environment for the power sector has resulted in higher offtake from APL’s power plants from both contracted capacities and open capacities," said Adani Power in its exchange filing.

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Adani Power is a private thermal power producer, with a thermal power capacity of 15.25 gigawatts (Gw). It also operates a mega solar plant of 40 MW at Naliya, Bitta, Kutch, Gujarat.

At 3:26 pm, Adani Power stock was trading marginally lower at Rs 726.15 on the National Stock Exchange (NSE). Currently, no analysts cover the stock, resulting in zero buy, hold, or sell ratings. The market capitalization of the stock is Rs 2.8 lakh crore.

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