Adani Power’s net income falls 55% in Q1 FY25

Increasing expenses had an impact on earnings.

Adani Power Ltd. has recorded a 55% decline in its net income in the first quarter (Q1) of its fiscal year 2025 despite a 38% increase in its power sale volume in the same period. 

In a bourse filing, the company announced a significant decline in earnings to $46.96m (INR 3,913 crore) from $105.11m (INR 8,759 crore) compared to the previous year. This downturn was reported following a 13.5% increase in expenses. Fuel costs, which account for the majority of expense bills, increased 16.8% in Q1.

Meanwhile, Adani Power’s revenues from operations rose 35% to $179.47m (INR14,955.6 crore) in the first three months of the fiscal year. Its consolidated power sale volume was up by 38% to 24.1 billion units in the same period due to improved power demand and larger effective operating capacity, the company said. 

To prepare for the resurgence of thermal power, Adani Power CEO S B Khyalia said the company has undertaken advanced development activities to secure execution pipelines for three ultra-supercritical projects of 1,600 megawatts (MW) each.

“Our strategic focus is to derisk our growth plans by utilising high efficiency, low emission technologies, pooling our deep experience and multi-domain expertise for project development, securing access to fuel resources, and revitalising the organisation to become more agile and competitive in the digitised world,” he added.

Currently, Adani Power has an installed thermal power capacity of 15,210 MW spread across eight power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Madhya Pradesh, and Jharkhand apart from a 40 MW solar power plant in Gujarat.

Earlier, Adani Group chairman Gautam Adani has announced the $100b investment the company will make to boost efforts to transition to clean energy. The funding will allow the company to produce the least expensive green electron that will become the feedstock for several sectors working on their sustainability goals, he said.

$1 = INR83.68