, India
Photo by Dids via Pexels.

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

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

India’s Rajasthan and Gujarat need policy reforms to fuel RE transition
Some steps they could take are implementing green tariffs and setting infrastructure funds.
Global clean energy tech market to hit $2t by 2035
This is fuelled by investments as countries aim to enhance energy security.The global clean energy technology market is projected to grow from $700b in 2023 to over $2t by 2035, nearing the scale of the crude oil market, according to the International Energy Agency (IEA).This growth is fuelled by significant investments in clean technology manufacturing as countries aim to enhance energy security, maintain economic competitiveness, and cut emissions. Investment is concentrated in regions with established positions in clean energy, particularly China, the European Union, the UK, and increasingly, India.Whilst the US, EU, and India have taken measures to support their clean energy sectors, China is expected to remain the world's manufacturing hub. By 2035, China's clean technology exports are forecasted to exceed $340b—comparable to projected oil export revenues from Saudi Arabia and the UAE.Southeast Asia, Latin America, and Africa contribute less than 5% of global cleantech production value, yet the IEA suggests that these areas still hold opportunities within the clean energy economy. Developing economies, for instance, could leverage competitive advantages to advance in the value chain beyond resource extraction.The IEA said Southeast Asia could become one of the most cost-effective regions for producing polysilicon and wafers for solar panels over the next decade.

Exclusives

Coal-dependent ASEAN told to scale up RE generation
A regional power grid could help governments in their renewable energy transition.
Indonesia told to tap communities in clean energy transition
Solar and wind power managed by villages could generate 96 million jobs over 25 years.
Indonesia to add 90 MW geothermal capacity
Three power plants in West and East Java and North Sumatra will start operating this year.