Adani Power Q1 Results Total Income ₹14,955.63 Crores & Operating Profit ₹5,198.68 Crores

Adani Power Q1 Results: Adani Power's Q1 results for June 2024 show significant changes when compared year-over-year (YoY) and quarter-on-quarter (QoQ). The company’s total revenue grew by 35.89% YoY, reaching ₹14,955.63 crores in June 2024, compared to ₹11,005.54 crores in June 2023. This increase in revenue is a strong sign of growth. Quarter-on-quarter (QoQ), revenue also saw a rise of 11.91% from ₹10,242.06 crores in March 2023.

Adani Power’s expenses, selling, general, and administrative expenses grew 41.21% YoY, reaching ₹212.91 crores in June 2024, from ₹150.78 crores in June 2023. Operating expenses also increased by 15.80% YoY, from ₹8,425.90 crores in June 2023 to ₹9,756.95 crores in June 2024.

Adani Power’s Operating income had a major increase of 101.53% YoY, reaching ₹5,198.68 crores in June 2024, up from ₹2,579.64 crores in the previous year. However, net income before taxes dropped by 44.25% YoY, and the overall net income decreased significantly by 55.33% YoY, from ₹8,759.42 crores in June 2023 to ₹3,912.79 crores in June 2024.

Adani Power’s Despite the revenue growth, this decline in net income highlights challenges the company is facing. The diluted earnings per share (EPS) also fell 55.62% YoY, reflecting lower profitability for shareholders.

Here is a summary of Adani Power's Q1 results for June 2024 in simple English, with a comparison to the previous quarter and the same period last year.

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Adani Power Q1 Results

Adani Power reported its financial results for the quarter ending June 30, 2024. The company’s revenue from operations increased to ₹14,955.63 crores, which is higher than the previous quarter’s revenue of ₹13,363.69 crores, showing growth in its business. Compared to the same quarter last year, where revenue was ₹11,005.54 crores, there has been a significant rise, indicating strong performance.

Adani Power’s other income dropped significantly when compared to the previous year. In June 2023, Adani Power had other income of ₹7,103.47 crores, but in June 2024, this decreased to ₹518.32 crores. Despite this, the total income for the current quarter reached ₹15,473.95 crores.

Adani Power’s total expenses for the quarter stood at ₹10,568.44 crores, including fuel costs, employee benefits, and finance costs. These expenses have increased slightly from the previous quarter but are under control compared to the income generated.

Adani Power’s profit before tax was ₹4,905.51 crores for the quarter, lower than the same period last year but higher than the last quarter. After accounting for taxes, the net profit for the quarter came in at ₹3,912.79 crores. The company’s earnings per share (EPS) were ₹9.72 for this period, lower than the previous year but showing steady growth compared to the last quarter.

Here is a simplified summary of Adani Power's unaudited consolidated financial results for the quarter ended June 30, 2024:

(₹ in Crores)

Adani Power Stock Metrics

Adani Power's financial details show how the company is performing in the stock market. Its market capitalization is ₹2,54,095 crore, meaning the total value of the company’s shares is very high. The current price of its stock is ₹659, and over the past year, the stock has reached a high of ₹897 and a low of ₹289. The stock has a price-to-earnings (P/E) ratio of 15.9, which helps investors see if the stock is fairly valued. The company's book value is ₹112 per share. 

Here’s a simple breakdown of the financial details:

Quarterly Results

Adani Power showed steady growth in the last three quarters. For December 2023, the company reported sales of ₹12,991 crores and a net profit of ₹2,738 crores, with an operating profit margin (OPM) of 36%. In March 2024, sales increased slightly to ₹13,364 crores, but the net profit remained nearly the same at ₹2,737 crores, with the OPM stable at 36%. By June 2024, Adani Power experienced a significant jump in sales, reaching ₹14,956 crores, and net profit rose to ₹3,913 crores.

Here’s the table for Dec 2023, Mar 2024, and Jun 2024:

About Adani Power 

Adani Power is a major energy company from India, part of the Adani Group. It was started on August 22, 1996, and is based in Ahmedabad, Gujarat. The company is involved in producing and distributing electricity, including thermal and renewable energy. Adani Power has a large capacity for generating electricity, with a total of 15,250 MW. It operates one of the biggest thermal power plants in India, located in Mundra, which has a capacity of 4,620 MW. This plant is one of the largest privately-owned thermal power plants in the world.

Adani Power also has a significant solar power project with a capacity of 40 MW in Kutch, Gujarat. Over the years, the company has grown by adding new power plants and acquiring other companies, such as Udupi Power Corporation. In 2024, it also acquired Lanco Amarkantak. Adani Power's growth has made it one of the largest private power producers in India. The company focuses on both traditional power production and expanding its renewable energy projects to meet increasing energy demands.