Adani Power has unveiled its financial performance for the fourth quarter of the fiscal year 2024-25, revealing a 5% dip in consolidated net profit to ₹2,599.23 crore. This decline, compared to the same period last year, is attributed largely to a decrease in the recognition of one-time revenue items. In the previous year, the company reported a net profit of ₹2,737.24 crore for the quarter ending March 31, 2024.

Net Profit Insights and Factors

The company clarified that the Profit After Tax (PAT) for Q4 FY25 remained relatively stable at ₹2,599 crore, similar to the previous year but impacted by fewer one-off gains. An official from Adani Power explained, “In Q4 FY24, our PAT benefited from non-recurring items such as a significant refund from government authorities and profits from the sale of unutilized assets. These benefits were not as substantial this quarter, leading to a pre-tax impact of around ₹350 crore.”

Revenue Growth Amidst Challenges

Despite the profit decline, Adani Power reported a 5.3% increase in consolidated total revenue for Q4 FY25, reaching ₹14,522 crore compared to ₹13,787 crore in the same quarter last year. This growth was mainly driven by an increase in power sales volume, which surged to 26.4 billion units (BU), marking an 18.9% rise from the 22.2 BU recorded in Q4 FY24. The increase stems from rising power demand and enhanced operating capacity.

Annual Performance Overview

In terms of annual figures, Adani Power’s profit after tax for FY25 dropped to ₹12,750 crore, down from ₹20,829 crore in FY24. This decrease was linked to lower one-time revenue recognition and increased tax liabilities. The company experienced a significant reduction in the one-time revenue recognition for prior periods, reporting ₹2,433 crore in FY25 compared to ₹9,322 crore in FY24, following the resolution of major regulatory issues.

• Key Financial Highlights:
  • FY25 PAT: ₹12,750 crore (FY24: ₹20,829 crore)
  • Total revenue FY25: ₹56,473 crore (up 10.8% from FY24)
  • Power generation FY25: 102.2 billion units (up 19.5% from FY24)

Tax Liabilities and Future Outlook

The tax burden for FY25 was notably higher at ₹3,610 crore, contrasting with a tax credit of -₹37 crore in the previous year, primarily due to increased deferred tax liabilities. For Q4 FY25, the tax charge was ₹662 crore, a decrease from ₹821 crore the previous year, attributed to the amalgamation of Adani Power (Jharkhand) Ltd with Adani Power.

S B Khyalia, CEO of Adani Power, commented, “Our financial and operational metrics for FY 2024-25 exemplify the resilience of the Adani Group. As we embark on the next phase of capacity expansion, we remain focused on enhancing our capital and cost efficiencies, solidifying our leadership in the sector.”

About Adani Power

Adani Power, a prominent player in the thermal power industry in India, is part of the Adani Group led by billionaire Gautam Adani. The company boasts an installed thermal power capacity of 17,510 MW distributed across 11 power plants in states like Gujarat, Maharashtra, and Karnataka, alongside a 40 MW solar power facility in Gujarat.

For more information about Adani Power and its initiatives, visit Adani Power’s official website.

Stay tuned for more updates on this dynamic company as it continues to navigate the energy sector landscape.