Adani Power Limited [“एपीएल”] Announces Second Quarter FY25 Results

Continuing revenue grew 20% year-on-year to Rs. 28,517 crore in the first half
FY25 and 10.8% p.a. to Rs. 13,465 crore in Q2FY25
Sustained EBITDA grew by 38.3% YoY to Rs. 11,692 crore in the first half
FY25 and 24.6% YoY to Rs. 5,402 crore in Q2FY25
Sustained PBT grew 69% YoY to Rs. 8,020 crore in first half of FY25
And 44.8% p.a. to Rs. 3,537 crore in Q2FY25

“Adani Power has started the next task,” said SB Khayalia, CEO of Adani Power Limited. At this stage of its growth journey, it is achieving milestones of rapid capacity expansion and power supply agreements to ensure long-term revenue sustainability. The company consistently leverages its underlying strengths to deliver strong operational and financial performance and competitive advantage. Its diverse capabilities and financial flexibility provide strength. The foundation of growth, which will enable it to realize its vision of supporting India’s economic growth with reliable, sustainable and affordable energy supply. Furthermore, we are committed to the rapid commissioning of our newly acquired power plants using our core competencies and strengths.

Power demand during the second quarter of FY25 remained stable compared to the corresponding quarter of FY24. This was mainly due to weather conditions such as late but prolonged rains. Demand is taking a hit, however, cumulative demand through September 30 for FY 2024-25 was strong with 5% growth in the first half of FY 2023-24. The increase in peak demand has also ensured an improvement in the energy consumption of the thermal energy sector. Uninterrupted electricity supply during hours of low renewable energy generation.

• Consolidated power sales volume stood at 46 billion units (BU) in the first half of FY20, an increase of 29.2%.
  From 35.6 BU in H1 FY24 due to improved power demand and increased operations
  Ability.
• Consolidated total continuing revenue grew 20% to Rs. 28,517 crore in the first half
  FY25 vs. Rs. 23,767 crore in H1FY24; Due to high sales volume.
• Consolidated continuing EBITDA for H1 FY2020 increased 38.3% to Rs. 11,692 crore
  vs. Rs. 8,457 crore in H1FY24; Due to high volume and low fuel consumption
  Operating costs.
• Consolidated sustainable profit before tax for H1FY20 increased 69% to Rs.
  8,020 crore as against Rs. 4,746 crore in H1FY24; Reasons for improvement and decline in EBITDA
  Financial costs.
• Consolidated power sales volume in Q2FY25 stood at 21.9 BU, up 21% from 18.1 BU.
  Q2 FY24 due to improvement in energy demand and higher operational efficiencies.
• Consolidated total continuing revenue for Q2FY25 increased 10.8% to Rs. 13,465
  crores versus rupees. 12,155 crore in Q2FY24; Mainly due to the high sales volume.
• Consolidated continuing EBITDA for Q2FY25 grew by 24.6% to Rs. 5,402 crore
  vs. Rs. 4,336 crore for Q2FY24; Due to the higher sales volume and lower fuel consumption.
  and operating costs.
• Consolidated continuing profit before tax for Q2FY25 increased 44.8% to Rs.
  3,537 crores as against Rs. 2,443 crore for Q2FY24; Reasons for improvement and decline in EBITDA
  Financial costs.

business update

• APL has reached an operational generation capacity of 17,550 MW as of September 30
  In 2024, 2,300 MW of operational capacity will be added, including:
  o 2×250 MW (500 MW) Adani Dahanu Thermal Power Plant (“ADTPS”), acquired
  Pursuant to company transfer agreement on September 30, 2024.
  o 2×300 MW (600 MW) Lanco Amarkantak Power Limited (“LAPL”), acquired under
  Corporate Insolvency Resolution Process (“CIRP”) in the field of Insolvency
  and the Insolvency Code (“IBC”) on September 6, 2024. LAPL has changed its name
  Korba Power Limited (KPL) after the acquisition.
  or 2×600 MW (1200 MW) acquired under Coastal Energy Private Limited (“CEPL”),
  CIRP under the auspices of IBC on August 31, 2024. CEPL has been merged into
  Moxi Power Generation Limited (“MPGL”), scheduling the acquisition with a special
  The corporate purpose of the acquiring consortium, in which APL owns 49% of the capital