- Q4 FY23 Revenue at Rs 10,795 Crore and EBITDA at Rs 2,461 Crore
- FY23 Revenue grows to Rs 43,041 Crore, up by 35.8% y-o-y
- FY23 EBITDA grows to Rs 14,312 Crore, up by 3.8% y-o-y
- FY23 PAT grows to Rs 10,727 Crore, up by 118.4% y-o-y
NE BUSINESS BUREAU
AHMEDABAD, MAY 6
Adani Power Limited on Friday said its consolidated net profit after tax (PAT) grew by 12.9 per cent at Rs 5,242.48 crore as compared to Rs 4,645 crore for Q4 FY22. The consolidated total revenue for Q4 FY23 was Rs 10,795 crore as compared to Rs 13,308 crore in Q4 FY 2021-22.
The company said its revenue for Q4 FY 2022-23 includes de-recognition of revenue from operations pertaining to prior periods amounting to Rs (-) 194 crore and recognition of other income pertaining to prior periods amounting to Rs 325 crore.
The company said its consolidated total revenue for FY23 grew by 35.8 per cent to Rs 43,041 crore in FY23 as compared to Rs 31,686 crore in FY22. The company said the improved revenue and profit are on the back of improved tariff realisation, high import coal price, and higher one-time revenue recognition.
The consolidated Profit Before Tax for FY 2022-23 was Rs 7,675 crore as compared to Rs 6,577 crore in FY 2021-22.
The total comprehensive income for Q4 2023 was Rs 5,286 crore as compared to Rs 4,691 crore for Q4 FY22.
Adani Power mentioned that its consolidated EBITDA for FY23 was higher at Rs 14,312 crore against Rs 13,789 crore in FY22.
“India’s growing demand for world-class infrastructure facilities is acting as the springboard for the next phase of its economic growth. As the nation’s foremost infrastructure conglomerate, Adani Group is fully committed to meet it in a sustainable and dependable manner. Reliable and scalable base load power is fundamental to its economic sustenance, which Adani Power is best placed to supplement along with the Group’s diversified presence across the energy value chain,” said Gautam Adani, Chairman, Adani Group.
S B Khyalia, CEO, Adani Power Limited, said, “The indefatigable spirit that drives the Adani Group has been aptly demonstrated by Adani Power Limited by surmounting challenges through perseverance, dedication, and strong belief in fundamental values. The Company now enters the next stage of its corporate journey with a healthy balance sheet, a modern and efficient fleet, and a revitalized holding structure. The culmination of long-deliberated regulatory matters has helped evolve and refine the principles that will enable the power sector to grow profitably and equitably. We have also started a new chapter in cross-border co-operation with the commissioning of the first 800 MW unit of the Godda Ultra-supercritical thermal power project, which will provide Bangladesh with a reliable source of electricity, and help it achieve its long-term economic goals.”
