How did Adani Power achieve impressive financial results in FY25?

Synopsis
Key Takeaways
- 21.4% increase in consolidated PBT for FY25.
- Power generation reached 102.2 billion units in FY25.
- 10.8% growth in total revenues, reaching Rs 56,473 crore.
- Consolidated EBITDA grew 14.8% to Rs 21,575 crore.
- Operating capacity expanded to 17,550 MW.
Ahmedabad, April 30 (NationPress) Adani Power announced a remarkable 21.4% increase in its consolidated continuing profit before tax (PBT) amounting to Rs 13,926 crore in FY25, up from Rs 11,470 crore in FY24, attributed to stronger EBITDA and reduced financing costs.
The company saw a 10.8% growth in consolidated continuing total revenues, reaching Rs 56,473 crore in FY25 compared to Rs 50,960 crore in FY24, aided by higher sales volumes, despite some offset from lower tariff realizations.
Continuing revenues exclude one-time prior period income recognition. The continuing EBITDA for FY25 surged 14.8% to Rs 21,575 crore, as reported by the company.
In Q4 FY25, consolidated continuing total revenue rose 5.3% to Rs 14,522 crore from Rs 13,787 crore in Q4 FY24, primarily driven by increased volumes, countered by lower tariff realization.
The consolidated continuing PBT for Q4 FY25 was Rs 3,248 crore, compared to Rs 3,464 crore in Q4 FY24, impacted by increased depreciation from recent acquisitions, alongside tempered demand growth and lower merchant tariffs.
In Q4 FY24, the company’s profit after tax (PAT) included non-recurring items such as higher refunds from government entities and gains from the sale of unutilized assets. This quarter, PAT was at Rs 2,599.23 crore, reflecting a lower level of such items.
Significantly, the company achieved 102.2 billion units (BU) of power generation in FY25, marking a 19.5% increase from 85.5 BU in FY24. Consolidated power sales volume reached 95.9 BU in FY25, up by 20.7% from 79.4 BU in FY24, driven by strong power demand and enhanced operational capacity.
For the January-March quarter (Q4), consolidated power sales volume was 26.4 BU, up 18.9% from 22.2 BU in Q4 FY24, reflecting growing power demand and increased operational capacity, the company stated.
"Adani Power has delivered record-breaking operational and financial results for FY 2024-25, clearly showcasing the strength and resilience of the Adani portfolio. As we enter the next phase of capacity expansion, we are focusing on capital and cost efficiencies to enhance our competitive advantage and maintain our leadership in the sector across key metrics," said Adani Power Limited CEO S.B. Khyalia.
The consolidated operating capacity increased from 15,250 MW in FY24 to 17,550 MW in FY25 due to the acquisition of 1,200 MW Moxie Power Generation Ltd, 600 MW Korba Power Ltd, and 500 MW Adani Dahanu Thermal Power Station.
“We are leveraging our extensive cross-domain expertise to prepare the business for the future, ensuring continued superior returns over the long term. Our unwavering commitment to sustainability, which has positioned us among the best thermal power producers worldwide across various metrics, will continue to guide our growth trajectory,” Khyalia concluded.