Adani in the news

Adani Power emerges as India's largest private thermal power producer in Q1 FY12, Net Sales up by 132% at Rs 819 crore, PAT up by 54% at Rs 177 crore
August 04, 2011

Adani Power Ltd, a subsidiary of Adani Enterprises Ltd and part of India’s leading integrated infrastructure conglomerate, the Adani Group, today announced the financial results for the quarter ended June 30, 2011.

Net Sales for the quarter ended June 30, 2011 stood at Rs 819 crore registering a growth of 132%, as compared to Rs 353 crore in the same period last year. The growth in net sales is largely due to capacity addition in Q1 FY12, taking the total generation capacity to 1,980 MW.

Net Profit for Q1 FY12 rose by 54 % to Rs 177 crore, as compared to Rs 114 crore in the previous year. The EBIDTA margin for the reporting period was at 50% as against 63% in Q1 FY 11. Earnings per Share for Q1 FY12 worked out to Rs 0.81 as compared to Rs 0.53 for the same period of last fiscal.

The average plant load factor for Q1 FY12 stood at 74% due to planned shut - down. During the quarter, Adani Power synchronized its second super-critical power generation unit of 660 MW at its power plant in Mundra, Gujarat.

Commenting on the financial performance of the company Gautam Adani, Chairman, Adani Group said, “The synchronisation of our second super critical unit of 660 MW is yet another example of our commitment to implement world class technology in power generation to reduce the widening power deficit gap in our country. The Mundra project is well on track and we hope to achieve full target of 4,620 MW by end of this fiscal.”

Sharing the strategy for the new fiscal Prabal Banerji, CFO, Adani Power further added, “Adani Power also plans to synchronise 2 more units each of 660 MW, based on the supercritical technology, at Tiroda in Maharashtra later in the current fiscal. The Company is reasonably confident of achieving about 6,000 MW operational capacity in the FY2011-12 out of the total planned 16,500 MW capacity that is under development.“

Financial Performance (Rs in crore)

ParticularsQ1 FY12Q1 FY11Growth (%)
Net Sales819353132
EBITDA41022186
Net Profit17711454
EBIDTA Margin50%60%-
PAT Margin22%24%-
Gross Generation (Units)3,1901,153-
Units Sold2,8981,030-
Average Realisation2.823.36-
Average PLF74%80%-