Adani Power Q3 Results: Net profit rises 7.4% YoY to ₹2,940.07 crore; board approves ₹5,000 crore QIP

Adani Power Q3 Results: Adani Power Ltd on Wednesday reported an 7.38% year-on-year rise in its consolidated net profit for the fiscal’s third quarter ended December (Q3FY25) to ₹2,940.07 crore. The company had reported a profit of ₹2,737.96 crore in the year-ago period. Sequentially, the consolidated net profit was down 10.8%. Adani Power shares jumped over 5% at ₹523.40 apiece on BSE post Q3 earnings.

Adani Power ‘s consolidated revenue from operations stood at ₹13,671.18 crores during the quarter ended December (Q3FY25) from ₹12,991.44 crore in Q3FY24, a year-on-year rise of 5.23%. Sequentially, the revenue was up by 2.5%.

The firm noted in the exchange filing that earnings before interest, tax, depreciation, and amortization (EBITDA) increased by 23.5% compared to the same quarter last year, reaching ₹6,185.18 crore.

In its exchange filing, the company reported that, in comparison to the corresponding periods of FY24, the growth in continuing operational revenue slowed in 9M FY25 and Q3 FY25 due to lower import coal prices and reduced merchant taxes.

Strong continuing EBITDA growth of 21.9% in 9M FY25 compared to 9M FY24, driven by moderate fuel cost reductions and increased recurring revenues. Due to lower merchant tariffs, continuing EBITDA for Q3 FY25 displayed a flat trend when compared to Q3 FY24.

“Adani Power is well on its way to achieve its generation capacity target of 30+ GW 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. Our high-quality asset portfolio, operating excellence, and execution capabilities set us apart and help us deliver consistent profitability and cash flows,” said S B Khyalia, CEO, Adani Power.

Raising Of Funds

The board of the company has also approved higher fundraising thresholds through Non-Convertible Debentures and a Qualified Institutional Placement. The board has approved raising the fundraising ceiling for Non-Convertible Debentures (NCDs) to ₹11,000 crore, an increase from the previous limit of ₹5,500 crore. Additionally, the company has sanctioned raising ₹5,000 crore via the Qualified Institutional Placement (QIP) method.

Adani Power share price today

Adani Power share price ended 5.08% higher at ₹522.35 apiece on the BSE. Riyank Arora, Technical Analyst, Mehta Equities stated that the stock is trading well below its major resistance mark of 542 and above the immediate support of 506. Overall, looking at the current technical structure, the stock is exhibiting some signs of bullish momentum and strength and seems poised for an upside move towards 540-545 odd levels. A stop-loss should be kept at the 500 mark, and investors should hold on to their positions on the same.

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