Adani Power Q4 net slips 5% to ₹ 2599cr

 Adani Power Ltd reported a 47.8% year-on-year decline in its consolidated net profit to ₹2,737 crore for the fourth quarter ending March 2024, compared to ₹5,242 crore in the same period the previous year. This decrease was primarily due to increased expenses, including higher depreciation and finance costs following the commissioning of the Godda project. 

Despite this, the company's total income rose by 30% to ₹13,882 crore, driven by a 55% increase in power sale volumes to 22.1 billion units, attributed to improved power demand, lower import coal prices, and larger installed capacity.

For the full fiscal year FY24, Adani Power's net profit nearly doubled to ₹20,829 crore from ₹10,727 crore in FY23, with total income rising to ₹60,281 crore from ₹43,041 crore. The company's net debt also decreased to ₹26,545 crore as of March 31, 2024, from ₹39,434 crore a year earlier.

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