Adani Power Records 20% Growth In Continuing Revenue, Reaches Rs 28,517 Crore In H1 FY25

Adani Power reported a 20% year-on-year rise in continuing revenue to Rs 28,517 crore for the first half of FY25 and a 10.8% increase to Rs 13,465 crore in Q2 FY25. Continuing profit before tax (PBT) jumped 69% to Rs 8,020 crore in H1 FY25 and rose 44.8% to Rs 3,537 crore in Q2 FY25.

“Adani Power has entered the next phase of its growth, rapidly expanding capacity and securing power supply agreements to drive stable long-term revenue,” said SB Khyalia, CEO, Adani Power Limited. The company continues to demonstrate robust operational and financial strength, leveraging its competitive edge, he added.

Higher Sales Volume Drives EBITDA Growth

Consolidated power sales volume rose 29.2% to 46 billion units (BU) in H1 FY25, up from 35.6 BU in H1 FY24, due to stronger demand and higher operating capacity. Consolidated continuing EBITDA for Q2 FY25 increased 24.6% to Rs 5,402 crore, compared to Rs 4,336 crore in Q2 FY24. This growth was driven by greater sales volume, reduced fuel costs, and improved operating efficiency.

Power demand remained steady in Q2 FY25 compared to Q2 FY24, influenced by prolonged rains. However, cumulative demand for FY25 until September 30, 2024, grew by 5% over H1 FY24, ensuring higher offtake from thermal power to support peak demand.

Competitive Bid for KSK Mahanadi Acquisition

Following Adani Power’s bid of Rs 12,500 crore for KSK Mahanadi Power in Chhattisgarh, other bidders increased their offers. The total bid value could rise significantly, reports suggest. Adani’s bid, totaling Rs 27,000 crore when including KSK Mahanadi’s Rs 10,000 crore in cash reserves and Rs 4,000 crore in trade receivables, may allow lenders a record 92% debt recovery.

The KSK Mahanadi project, with an installed capacity of 1,800 MW, entered the IBC process in 2019 due to accumulated debts of Rs 29,330 crore.

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