Ahmedabad: Adani Power Limited a part of the Adani Group, today announced the financial results for the quarter and year ended March 31st, 2022.
During Q4 FY 2021-22, adani power along with the power plants of its subsidiaries achieved an Average Plant Load Factor of 52.1%, and aggregate sales volumes of 13.1 Bn Units (“BU”). In comparison, during Q4 FY 2020-21, APL and its subsidiaries achieved an average PLF of 59.6% and sales volume of 14.8 BU. Operating performance during the quarter was affected due to high import coal prices and plant overhaul, partially offset by improved volumes due to high demand for power.
Consolidated Total Revenue for Q4 FY 2021-22 stood higher by 93% at Rs. 13,308 Crore, as compared to Rs. 6,902 Crore in Q4 FY 2020-21. Revenue for Q4 FY 2021-22 includes prior period revenue from operations of Rs. 2,946 Crore, and prior period other income of Rs. 1,982 Crore.
The EBITDA for Q4 FY 2021-22 stood higher by 271% at Rs. 7,942 Crore, as compared to Rs. 2,143 Crore in Q4 FY 2020-21. EBITDA growth was aided by prior period income recognition, greater shortfall claims due to high import coal prices, and higher merchant and short-term tariffs and volumes, as compared to Q4 FY 2020-21.
The Profit After Tax for Q4 FY 2021-22 was Rs. 4,645 Crore, as compared to Rs. 13 Crore for Q4 FY 2020-21.
Commenting on the quarterly results of the Company, Mr. Gautam Adani, Chairman, Adani Group said, “Availability of reliable power supply to various sectors across the nation is critical to India’s economic growth. The Adani Group stands committed to fulfilling India’s energy needs in a sustainable, reliable, and affordable manner. Our diversified presence across the energy value chain helps us ensure that this vital input is always available to power the economy, even during times of global volatility, and helps advance the vision of progress and prosperity for all.”.
Mr. Anil Sardana, Managing Director, Adani Power Limited, said “As the Indian economy’s need for affordable and reliable power continues to grow, Adani Power Ltd. stands uniquely positioned to fulfill this demand through its diversified, modern, and efficient fleet of power plants, backed by our deep expertise and operational excellence in core areas of business. In the coming years, we will focus on utilizing our fleet to the highest extent while guiding our acquisitions and greenfield assets to become value-accretive investments. Recent developments on the regulatory front have also dispelled much of the long-standing uncertainty, which will contribute significantly to enhancing our liquidity position.”
News & Image Source : psuconnect.in
