Adani Power Q3 profit rises 7 pc to Rs 2,940 crore

New Delhi, Jan 29 (UNI) Adani Power on Wednesday reported 7% year-on-year increase in consolidated net profit at Rs 2,940 crore for October-December quarter (Q3) of the current financial year 2024-25.

The company had posted a profit of Rs 2,738 crore in the Q3 of the previous financial year 2023-24.

Primarily driven by higher volume, consolidated total revenue of the company for the December quarter of current fiscal rose 11% year-on-year to Rs 14,833 crore as against Rs 13,355 crore in the Q3 of FY24.

Consolidated power sale volume at 23.3 BU (billion units) in Q3FY25 was up by 8% from 21.5 BU in Q3FY24 due to improved power demand and higher operating capacity.

S B Khyalia, CEO, Adani Power Limited, said, “Adani Power is well on its way to achieve its generation capacity target of 30 plus GW (gigawatt) by 2030, with rapid progress in under-construction projects, secure supply chain, and successful bids for long term PPA tie-ups. We are well-positioned to benefit from the attractive opportunities in the Indian thermal power sector and to support its steadily growing power demand.”

He further said, “Our high-quality asset portfolio, operating excellence, and execution capabilities set us apart and help us deliver consistent profitability and cash flows. We are taking steps ranging from backward integration into mining to improve our competitiveness and digitalization of our operations to enhance our future-readiness. Our unceasing focus on our ESG efforts has placed us amongst top 15% of our global peers and earned us international recognition.”

 

 

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