An improvement in the demand for power, lower import coal prices and a larger installed capacity boosted sales volumes, which helped the continuing total revenue grow 29% on year to Rs 13,787 crore.
Continuing operating profit for the period more than doubled to Rs 5,273 crore on a consolidated basis, aided by higher sales and lower import fuel prices, the company said in a statement.
“On our journey to achieve the Company’s vision, we are focusing on tech-enabled reliability enhancement, reduction in cost of generation, and improvement in plant efficiency,” S B Khyalia, the chief executive officer of the company said.
Adani Power, the largest private producer of thermal power in India, had an installed capacity of 15,250 MW in the March quarter, while its plant load factor was at 71.5%.Net profit for the March quarter stood at Rs 2,737 crore, nearly half from the previous year. In the March quarter of 2022-23 (Apr-Mar), the net profit was boosted by a deferred tax credit of Rs 4,345 crore.In 2023-24 (Apr-Mar), Adani Power sold 79.3 billion units of power, up 48% on year. Its consolidated continuing sales rose 37% on year, while the consolidated operating profit for the period more than doubled. Profit during the year jumped more than 94%.
