Adani Power Ltd (NSE:ADANIPOWER)
₹ 206.99 -2.01 (-0.96%) Market Cap: 3.98 Tn Enterprise Value: 4.51 Tn PE Ratio: 27.91 PB Ratio: 6.12 GF Score: 68/100

Q2 2025 Adani Power Ltd Earnings Call Transcript

Oct 28, 2024 / NTS GMT
Release Date Price: ₹119.64 (+1.00%)

Key Points

Positve
  • Adani Power Ltd (BOM:533096) reported a strong quarter with a significant increase in operational capacity, reaching 17,550 megawatts by the end of September 2024.
  • The company secured a 25-year power supply agreement with Maharashtra for 1,496 megawatts, enhancing long-term revenue stability.
  • Adani Power Ltd (BOM:533096) achieved a 29.2% increase in power sales volume for the first half of FY25, indicating strong demand and operational efficiency.
  • The company's credit rating improved, with CARE Ratings assigning an AA stable rating to its debt facilities, reflecting financial stability.
  • Adani Power Ltd (BOM:533096) maintained strict control over finance costs, which decreased compared to the previous year, contributing to improved profitability.
Negative
  • The reported profit before tax for H1 FY25 decreased by 35.5% compared to the previous year, primarily due to the absence of non-recurring one-time income.
  • The company's profit after tax for H1 FY25 was significantly lower than the previous year, impacted by higher tax charges and reduced one-time revenue recognition.
  • Adani Power Ltd (BOM:533096) faces challenges with receivables, particularly from Bangladesh, although payments have started to improve.
  • The acquisition of Coastal Energy and Lanco Kondapalli resulted in negative EBITDA for the acquired entities, indicating initial financial strain.
  • The capital work in progress increased significantly, reflecting ongoing investments and potential pressure on cash flows.
Operator

Ladies and gentlemen, good day and welcome to Adani Pago Limited Q2 FY25 earnings conference call hosted by IC IC I Securities. As a reminder, all participant lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded.

I now hand the conference over to Mr Mohit Kumar from IC IC A Securities. Thank you and over to you, sir.

Rohit Kumar
ICIC Securities - Analyst

Thank you.

Good evening. On behalf of IC IC I Securities, we are pleased to welcome you all to the Q2 F 525 earnings call for the Power Limited.

Today we have with us, the management team represented by Mr Delia CFO and Mr Nishit A VP.

We'll start with brief opening remarks which will be followed by Q&A over to you, sir.

Dilip Jha
Adani Power Ltd - Chief Financial Officer

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