Stock Report

Adani Power announces Q3 FY22 results

Posted On : 2022-02-03 21:28:10( TIMEZONE : IST )

Adani Power Ltd. ["APL"], a part of Adani Group, today announced the financial results for the third quarter ended 31st December 2021.

Consolidated total revenue for Q3 FY22 at Rs. 5,594 crore vs Rs. 7,099 crore in Q3 FY21; due to lower volumes on account of merit order issues owing to higher imported coal prices and regulation of power supply following payment defaults by DISCOMs, partially offset by higher merchant tariffs.
Consolidated EBITDA for Q3 FY22 at Rs. 2,003 crore vs Rs. 1,827 crore for Q3 FY21; a growth of 9.6% due to higher contribution from merchant and short term sales.
Total Comprehensive Income for Q3 FY22 at Rs. 233 crore vs Loss of Rs. (-) 289 crore for Q3 FY21
Consolidated total revenues at Rs. 18,379 crore in 9M FY22 vs Rs. 21,248 crore in 9M FY21; due to lower volumes on account of merit order issues owing to higher imported coal prices and regulation of power supply following payment defaults by DISCOMs, and higher one-time revenue recognition by Rs. 2,531 crore in 9M period of previous year.
Consolidated EBITDA for 9M FY22 at Rs. 5,847 crore vs Rs. 8,454 crore in 9M FY21; due to higher one-time revenue in 9M period of previous year.
Total Comprehensive Income for 9M FY22 at Rs. 264 crore vs Rs. 1,221 crore for 9M FY21; due to higher contribution of one-time revenue in 9M period of previous year.

Mr. Anil Sardana, Managing Director, Adani Power Limited, said, "Adani Power is forging ahead in extending its lead among private sector thermal power producers. Our strategically located and operationally efficient power plants stand ready to service the growing demand for power with a reliable and cost-effective supply. We are confident that the actions being taken by the Government to enhance fuel security and reform fuel availability will help reduce cost of electricity, providing our industrial sector the competitive advantage necessary to grow and expand, and our underserved masses the means necessary for upliftment. We are also certain that the imminent resolution of various regulatory matters pertaining to our power plants will pave the way for enhancing our liquidity position and bring closure to the long outstanding issues."

Shares of Adani Power Limited was last trading in BSE at Rs. 107.50 as compared to the previous close of Rs. 108.35. The total number of shares traded during the day was 668110 in over 7787 trades.

The stock hit an intraday high of Rs. 109.45 and intraday low of 107.00. The net turnover during the day was Rs. 72307207.00.