The Q4 profit for Adani Power increased 13% to Rs. 5,242 billion

Adani Group company

Adani Power March quarter profits jump 13% to Rs 5242 crores

May 8, 2023: Adani Power, one of India’s largest power generation companies, has reported a significant increase in its profits for the fourth quarter of the fiscal year 2022. The company’s net profit rose by 13% to Rs 5242 crores, compared to the same period last year.

The impressive performance was driven by strong operational performance across its power generation facilities, coupled with a favorable regulatory environment and increased demand for electricity in the country. The company’s revenue for the quarter also witnessed a growth of 12% year-on-year, reaching Rs 27,764 crores.

Adani Power’s thermal power plants operated at an average plant load factor of 75%, indicating an efficient utilization of its installed capacity.

The company’s renewable energy portfolio also continued to expand, with the commissioning of new solar and wind power projects during the quarter.

In a statement, Adani Power’s CEO said, “We are delighted to report yet another quarter of strong financial performance.

Our focus on operational excellence, coupled with a favorable business environment, has enabled us to deliver sustainable growth and value to our stakeholders.”

The company’s board of directors has recommended a dividend of Rs 1.10 per share for the fiscal year 2022, subject to the approval of shareholders.

Adani Power’s strong financial performance comes at a time when India’s power sector is undergoing significant transformation, with a shift towards renewable energy and increasing emphasis on reducing carbon emissions.

The company has been actively investing in renewable energy projects, with a goal of achieving a renewable energy portfolio of 25 GW by 2025.

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