Adani in the news

Adani Power FY11 Revenue up by 384% at Rs 2,106 crore, PBT up by 305% at Rs 824 crore
May 09, 2011

Adani Power Ltd, part of India’s leading infrastructure conglomerate Adani Group, today announced the financial results for the quarter ended 31st March, 2011.

Revenue for the year ended March 31, 2011, grew by 384% to Rs 2,106 crore as compared to Rs 435 crore in the previous year. EBIDTA for the year ended March 31, 2011, gone up by 397% to Rs 1,215 crore as compared to Rs 245 crore in the previous year. Cash Generation for the year ended March 31, 2011, grew by 323% to Rs 985 crore as compared to Rs 233 crore in the previous year, while PBT for the year ended March 31, 2011, and registered a growth of 305% to Rs 824 crore, as against Rs 204 crore posted in the same period of last fiscal. PAT for the year ended March 31, 2011, gone up by 207% to Rs 524 crore as compared to Rs 171 crore in the previous year.

Revenue for the quarter ended March 31, 2011, was at Rs 856 crore registered a growth of 325%, as compared to Rs 201 crore in the same period of last year. The growth in Revenue is largely due to the addition of 1,320 MW power generation capacity in FY11, taking the total power generation capacity of Adani Power to 1,980 MW.

EBIDTA for the quarter ended March 31, 2011 at Rs 512 crore, registered a growth of 336%, as compared to Rs 117 crore in the same period of last year.

Cash Generation for the quarter ended March 31, 2011 at Rs 416 crore, registered a growth of 240% as compared to Rs 122 crore in the same period of last year.

PBT for Q4 FY11 rose by 217 % to Rs 351 crore, as compared to Rs 111 crore in the same period of last year.

PAT for Q4 FY11 rose by 77 % to Rs 174 crore, as compared to Rs 98 crore in the same period of last year.

Cash Earnings per Share (CEPS) for FY11 worked out to Rs 4.52 as compared to Rs 1.12 for the same period of last fiscal.

Commenting on the financial performance of the company Gautam Adani, Chairman, Adani Power said that “Adani Power is currently implementing 16,500 MW of power generation projects across seven locations in India. With such a robust financial performance, we are confident of meeting our target of generating 20,000 MW by 2020. We also remain committed to provide reliable and affordable power to light up millions of homes in our country.”

Sharing the strategy for the new fiscal Prabal Banerji, CFO, Adani Power further added, “With the commissioning of new units at the Mundra Power plant, we are now well on our way to achieving our vision of being the largest private producers of power and also well on track to become a leading integrated power company in India. The robust financial numbers provide the strength to achieve our mission without any impediments.”