Adani Power Q3 Result 2024: Dynamic stock movements, stake adjustments,
and resilient financials amid market shifts showcase a triumph of adaptability in a challenging quarter.
Adani Power Q3 Result 2024
In the third quarter of FY24, the company’s power sales volume surged impressively by 82%, reaching 21.5 Billion Units (BU) compared to 11.8 BU in the same period last year.
This substantial growth can be attributed to increased power demand and expanded installed capacity. Consequently, the continuing total revenue for Q3 FY24 soared by 72%, reaching Rs. 13,405 Crore, primarily driven by the boost in sales volumes.
The positive trend continued in other financial aspects, as the continuing EBITDA more than tripled, reaching Rs. 5,059 Crore, owing to higher revenues and reduced import fuel prices.
The Profit After Tax for Q3 FY24 also saw a remarkable surge, reaching Rs. 2,738 Crore, a significant improvement from Rs. 9 Crore in Q3 FY23, reflecting the positive impact of enhanced EBITDA.
Zooming out to a nine-month perspective, the consolidated power sale volume for 9M FY24 rose by 46% to 57.1 BU, driven by increased power demand and a larger installed capacity.
This growth story extended to total revenues, which increased by 40% to Rs. 37,173 Crore in 9M FY24, compared to Rs. 26,604 Crore in the same period last year.
The continuing EBITDA for 9M FY24 more than doubled to Rs. 13,516 Crore, supported by higher revenues and lower import fuel prices. The bottom line, Profit After Tax for 9M FY24,
experienced a significant uptick, reaching Rs. 18,092 Crore, marking a 230% increase from Rs. 5,484 Crore in 9M FY23. The overall narrative is one of impressive growth, driven by increased sales, improved financials, and strategic cost management.
Adani Power Q3 Result 2024: Shares Price Today
Adani Power Share Price closed at ₹519.95 on Jan 24, 2024, a slight gain of ₹2.40 (0.46%) was observed.
Stock Performance Highlights of Last Week: Low at ₹512.00, High at ₹526.05
Adani Power Q3 Result 2024 Date
Adani Power Q3 results will be published on 25 January.
Adani Power Q3 Result 2024 Financial Performance
The third quarter of FY 2023-24 has proven to be a remarkable period for the company, as evidenced by its stellar financial performance.
With a staggering 72.9% increase in continuing revenue from operations, the business has demonstrated robust growth in its core activities.
Other income sources also contributed to this success, experiencing a notable uptick of 53.3%. The combined effect is a formidable 72.5% surge in total continuing income.
The overall reported income, encompassing all facets, has witnessed a commendable 61.1% growth, reaching Rs. 13,355 Crore.
The operational efficiency of the company is underscored by an exceptional 242.1% increase in continuing EBITDA, while reported EBITDA also soared by 151.0%.
The bottom line, profit after tax, witnessed a remarkable 230.0% growth, reflecting the company’s substantial leap in overall financial health.
These figures collectively paint an exciting picture of a company experiencing significant growth and profitability, making it an intriguing period for stakeholders and investors alike.
Adani Power Q3 Result 2024: Stock Performance
Over various time intervals, Adani Power’s stock has demonstrated a mixed performance.
In the short term, over one day, it registered a modest gain of 0.46%. However, looking at one week,
the stock experienced a decline of -2.77%. Moving on to a one-month horizon, there was a recovery with a positive return of 1.14%.
The stock exhibited substantial growth over three months, recording an impressive increase of 63.55%.
This positive trend continued over six months, reflecting a significant gain of 117.46%. Over one year,
Adani Power’s stock showed robust growth with an 89.44% increase. For a longer-term perspective,
the stock delivered notable returns over three years (116.22%) and five years (58.49%), indicating a positive trajectory in its performance.
Adani Power Q3 Result 2024 ECG Report
APL proudly presents its 9th consecutive ESG Report, aligning with the GRI 2021 standards and integrated reporting framework by IIRC, UNGC Principles, UN SDGs, TCFD, FTSE Russell, WEF, and IBBI.
This comprehensive report is available on the company’s website for public access.
A notable achievement for APL and its subsidiaries is the Specific Water Consumption for freshwater-based power plants, which stands at 2.25 m3/MWh in the first nine months of FY 2023-24.
Impressively, this figure is 36.1% below the statutory limit for such plants, showcasing APL’s commitment to sustainability and responsible resource management.
Adani Power Q3 Result 2024 Updates
-
APL advances its role in India’s power sector by securing approval from the Committee of Creditors for the Resolution Plan of Coastal Energen Private Limited (CEPL).
-
CEPL, operating a 2×600 MW thermal power plant in Tamil Nadu, is undergoing the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, facilitated by the Hon’ble National Company Law Tribunal, Chennai Bench.
-
APL aims to contribute to India’s power sector by providing reliable and affordable power, as part of a consortium involved in the resolution plan for CEPL.
-
A significant recognition for APL’s commitment to business excellence comes in the form of the 600 MW thermal power plant at Raigarh being honored as the ‘Best 5S Organisation in India’ by the Quality Circle Forum of India (QCFI) in collaboration with the Union of Japanese Scientists & Engineers (JUSE) at the National Convention on Quality Concepts (NCQC) 2023.
Adani Power Q3 Result 2024: Market Cap
Market Cap (Rs Cr): ₹200,541.54
TTM EPS (Trailing Twelve Months Earnings Per Share): ₹53.42
TTM PE (Trailing Twelve Months Price-to-Earnings Ratio): 9.73
Adani Power Q3 Result 2024: Price 52 Week High/Low
Adani Power’s stock fluctuated from a 52-week low of ₹132.40 to a high of ₹589.45. Today, opening at ₹530, and closed at ₹519.55, with a high of ₹540 and a low of ₹530.
Adani Power Q3 Result 2024: Key Financial
In Q3 2023, the company’s sales hit Rs 14,935.68 crore, dipping 17.52% from the previous quarter and 76.84% from a year ago.
However, net profit soared to Rs 6,594.17 crore, up a remarkable 848.08% from the same quarter last year.
Adani Power Q3 Result 2024 Operating Performance Overview
Q3 FY 2023-24 includes the operational contribution of the 1,600 MW Godda Ultra-supercritical thermal power plant of APL’s subsidiary, Adani Power (Jharkhand) Limited (APJL).
The Godda power plant, commissioned in Q1 FY 2023-24, has rapidly become a significant player in Bangladesh’s power supply ecosystem.
Adani Power Q3 Result 2024 Domestic Power Sales
Growing power demand across India drove domestic power sales volumes during the specified periods.
Offtake under Power Purchase Agreements (“PPAs”) was positively influenced by the declining prices of imported coal and alternate fuel, contributing to increased sales volumes.
Adani Power Q3 Result 2024 Contribution
Higher volumes during Q3 and the nine months ending December 2023 were notable from the Mundra, Udupi, Raipur, and Mahan plants.
The incremental contribution of the newly commissioned Godda power plant added to the overall capacity.
The Godda power plant emerges as an important component of Bangladesh’s power supply, showcasing its swift integration into the regional energy landscape.
Adani Power Q3 Result 2024: Stock Peers Price
- Adani Green Energy:
- Latest Price: ₹1640.4
- Change: -₹36.45
- % Change: -2.17%
- 52W High: ₹2185.3
- 52W Low: ₹439.35
- Market Cap: ₹259,844.69
- Power Grid Corporation Of India:
- Latest Price: ₹237.5
- Change: ₹0.25
- % Change: 0.11%
- 52W High: ₹245.2
- 52W Low: ₹157.8
- Market Cap: ₹220,888.79
- Adani Power:
- Latest Price: ₹516.75
- Change: -₹20.1
- % Change: -3.74%
- 52W High: ₹589.3
- 52W Low: ₹132.55
- Market Cap: ₹199,307.32
- Adani Energy Solutions:
- Latest Price: ₹1058.65
- Change: -₹69.95
- % Change: -6.2%
- 52W High: ₹2798.6
- 52W Low: ₹630.0
- Market Cap: ₹118,091.63
Adani Power Q3 Result 2024: Transactions with iShares ETFs
August 8, 2022:
- Sell:
- Adani Power Limited
- ISHARES INDIA INDEX MAURITIUS COMPANY
- Qty: 910,520
- Average Price: ₹332.05
- Purchase:
- Adani Power Limited
- ISHARES MSCI INDIA ETF
- Qty: 910,520
- Average Price: ₹332.05
May 04, 2022:
- Sell:
- ADANIPOWER
- ISHARES CORE TOTAL INTERNATIONAL STOCK MAURITIUS CO
- Qty: 1,285,428
- Average Price: ₹280.35
- Purchase:
- ADANI POWER
- ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF
- Qty: 1,285,428
- Average Price: ₹280.35
READ ALSO: HDFC Bank Q3 Result 2024 Net Profit Surges by 33% to ₹16,372 Crore.
July 18, 2022:
- Sell:
- ADANI POWER
- ISHARES INDIA INDEX MAURITIUS COMPANY
- Qty: 915,991
- Average Price: ₹286.75
- Purchase:
- ADANI POWER
- ISHARES MSCI INDIA ETF
- Qty: 915,991
- Average Price: ₹286.75
August 01, 2022:
- Purchase:
- ADANI POWER
- ISHARES MSCI INDIA ETF
- Qty: 910,520
- Average Price: ₹313.95
- Sell:
- ADANI POWER
- ISHARES INDIA INDEX MAURITIUS COMPANY
- Qty: 910,520
- Average Price: ₹313.95
- Purchase:
- ADANI POWER
- ISHARES MSCI INDIA ETF
- Qty: 910,520
- Average Price: ₹313.95
- Sell:
- ADANI POWER
- ISHARES INDIA INDEX MAURITIUS COMPANY
- Qty: 910,520
- Average Price: ₹313.95
- Note: Single trade that involves a transaction of a minimum quantity of 5 lakh shares or a minimum value of ₹10 crore.
READ ALSO: Gautam Adani Net-Worth increased by $12 billion in one day, what is the reason?
Adani Power All Quarterly Result
- March 2021 – Q4:
- Net Sales: ₹63,736 million (0.46% increase)
- EBITDA: ₹16,143 million (19.72% increase)
- Net Income: ₹131 million (193.79% increase)
- 2022 – Q1:
- Net Sales: ₹65,689 million (13.72% increase)
- EBITDA: ₹16,480 million (-0.45% decrease)
- Net Income: ₹2,782 million (11,028.8% increase)
- 2022 – Q2:
- Net Sales: ₹51,837 million (-7.88% decrease)
- EBITDA: ₹11,633 million (-6.12% decrease)
- Net Income: -₹2,306 million (58.92% decrease)
- 2022 – Q3:
- Net Sales: ₹53,609 million (-16.81% decrease)
- EBITDA: ₹17,708 million (16.48% increase)
- Net Income: ₹2,185 million (223.3% increase)
- 2022 – Q4:
- Net Sales: ₹105,978 million (66.28% increase)
- EBITDA: ₹52,321 million (224.11% increase)
- Net Income: ₹46,455 million (44,567.98% increase)
Conclusion:
Adani Power Q3 Result 2024 showcased dynamic stock movements, with notable gains and stake adjustments in key
Adani group stocks. Financially, the company reported a dip in sales but a remarkable surge in net profit. Market dynamics,
including the Supreme Court verdict, influenced the stock rally, reflecting resilience amid fluctuating sentiments.
