Adani Power (ADANIPOWER) Q4 23/24 earnings summary

Executive summary

• Achieved record consolidated revenue of ₹60,281 crore, up 40% year-over-year, and highest-ever EBITDA of ₹28,111 crore, a 96% increase from last year.

• Net profit surged 94% to ₹20,829 crore, with PAT margin at 35% and ROE at 48%.

• Commissioned 1,600 MW Godda ultra-supercritical plant, expanding total capacity to 15,250 MW.

• Maintained strong liquidity, reduced net external debt to equity to 0.62x, and improved credit ratings.

Financial highlights

• Revenue: ₹60,281 crore (+40% YoY); EBITDA: ₹28,111 crore (+96% YoY); PAT: ₹20,829 crore (+94% YoY).

• EBITDA margin improved to 47%; PAT margin at 35%.

• Net external debt to equity reduced to 0.62x; total debt down to ₹34,457 crore.

• Cash flows from operations: ₹14,170 crore; equity and reserves: ₹43,145 crore.

• Earnings per share (EPS): ₹46.24 (standalone), ₹51.62 (consolidated).

Outlook and guidance

• Plans to expand capacity to 24,270 MW by FY 2028-29, including 4,800 MW brownfield and 4,220 MW acquisitions.

• Focus on digital transformation, operational excellence, and sustainability.

• Regulatory clarity and improved DISCOM payment discipline expected to support future cash flows.

• Continued investment in advanced technologies and ESG initiatives.