Adani Power Reports Sharp Decline in Q1 Profits Amid Rising Expenses

Adani Power saw a more than 55% drop in consolidated net profit for Q1 of 2024-25, recording Rs 3,913 crore compared to Rs 8,759 crore the previous year. Increased expenses and lower tariff realizations despite a rise in power demand contributed to the decline.

Adani Power on Wednesday reported a significant 55% drop in its consolidated net profit, bringing in Rs 3,913 crore for the June quarter, compared to Rs 8,759 crore in the same period last year. This decline is attributed to higher operational expenses.

The company's total income also saw a downturn, decreasing to Rs 15,474 crore in the April-June quarter of 2024-25 from Rs 18,109 crore in the previous year's corresponding period. Notably, total expenses surged to Rs 10,568.44 crore from Rs 9,309.39 crore year-on-year.

CEO S B Khyalia noted that Adani Power is preparing for a resurgence in the thermal power sector by advancing development activities for three ultra-supercritical projects, each with a capacity of 1,600 MW. Despite these challenges, the company reported a 38% increase in consolidated power sale volume to 24.1 billion units, driven by higher power demand and increased operational capacity.