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

Q3 2025 Adani Power Ltd Earnings Call Transcript

Jan 30, 2025 / 06:30AM GMT
Release Date Price: ₹101.76 (-2.67%)

Key Points

Positve
  • Adani Power Ltd (BOM:533096) achieved a 22% growth in recurring EBITDA for the nine-month period ending December 2024, reaching INR16,478 crore.
  • The company reported a strong profit after tax of INR10,150 crore for the nine-month period, indicating robust profitability.
  • Adani Power Ltd (BOM:533096) has strategically acquired new power plants, increasing its operating capacity and positioning itself for future growth.
  • The company is actively expanding its capacity with ongoing projects, aiming to achieve more than 30 gigawatts of operating capacity by 2030.
  • Adani Power Ltd (BOM:533096) has improved its ESG ratings, reflecting its commitment to corporate sustainability and responsibility.
Negative
  • The company's consolidated PLF decreased to 63.9% in Q3 FY25 from 68.6% in the same period last year, primarily due to demand variability and weather conditions.
  • Adani Power Ltd (BOM:533096) experienced a decline in merchant power tariffs, impacting its revenue and profitability.
  • The company recognized a lower amount of onetime revenue in the nine-month period ending December 2024 compared to the previous year.
  • There are concerns about the potential impact of increasing solar power and battery storage on the demand for thermal power.
  • Adani Power Ltd (BOM:533096) faces challenges in securing long-term PPAs for its new capacity, with reliance on future state bids.
Operator

Ladies and gentlemen, gentlemen, good day, and welcome to the post results Q3 FY25 earnings conference call of Adani Power Limited. (Operator Instructions)

Please note that this conference is being recorded. I now hand the conference over to Mr. Pranav Furia from Antique Stock Broking. Thank you, and over to you, sir.

Pranav Furia
Antique Stock Broking Limited - Analyst

Thank you. Good afternoon, everyone. We are pleased to welcome you all to the Q3 FY25 earnings call of Adani Power Limited. Today, we have with us the management team represented by Mr. S. B Khyalia, CEO; Mr. Dilip Jha, CFO; and Mr. Nishit Dave, Head, Investor Relations. We'll start with the brief opening remarks which will be followed by Q&A. Over to you, sir.

Shersingh Khyalia
Adani Power Ltd - Chief Executive Officer

Good afternoon, everyone. Thank you for joining us today to discuss our financial results for the third quarter of financial year '25. I have with me our CFO, Dilip Jha and Investor Relations Head, Nishit Dave. I'm sure

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