ADANIPOWER · Power
Adani Power Ltd. reported revenue of ₹12,991 cr for October to December 2023, — on the year and 0.0% on the quarter.
Operating profit (EBITDA) was ₹4,645 cr, a margin of 35.8%, — on the year and −405 bps on the quarter.
Net profit was ₹2,738 cr, — on the year and −58.5% on the quarter, with earnings per share of ₹1.42.
Most power earnings are regulated returns on equity, with fuel costs passed through, so revenue can swing with fuel prices while profit moves far less. The quarterly statements do not carry plant load factor, capacity added and regulated equity; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹12,991 cr | ₹13,364 cr | ₹14,956 cr | ₹13,339 cr | ₹13,671 cr | ₹14,237 cr | ₹14,109 cr | ₹13,457 cr | ₹12,451 cr | ₹14,223 cr | ₹18,902 cr | ₹19,439 cr |
| YoY | — | — | +36% | +3% | +5% | +7% | −6% | +1% | −9% | −0% | +34% | +44% |
| EBITDA margin | 35.8% | 36.3% | 41.4% | 39.6% | 36.7% | 33.8% | 40.3% | 38.3% | 34.0% | 33.3% | 42.1% | 42.3% |
| Other income, % of PBT | 11% | 15% | 11% | 18% | 29% | 9% | 11% | 21% | 18% | 40% | 8% | 8% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 15% | 23% | 20% | 20% | 28% | 20% | 21% | 27% | 16% | 3% | 24% | −3% |
| Net profit | ₹2,738 cr | ₹2,737 cr | ₹3,913 cr | ₹3,298 cr | ₹2,940 cr | ₹2,599 cr | ₹3,305 cr | ₹2,906 cr | ₹2,488 cr | ₹4,271 cr | ₹4,867 cr | ₹7,019 cr |
| YoY | — | — | −55% | −50% | +7% | −5% | −16% | −12% | −15% | +64% | +47% | +142% |
| Core profit YoY | — | — | +159% | +4% | +2% | −3% | −15% | −9% | −17% | −12% | +57% | +102% |
| EPS | ₹1.42 | ₹1.42 | ₹2.03 | ₹1.73 | ₹1.59 | ₹1.37 | ₹1.76 | ₹1.53 | ₹1.29 | ₹2.08 | ₹2.49 | ₹3.59 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 3 | ✓ | 2 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Adani Power Ltd. reported revenue of ₹12,991 cr (— on the year) and net profit of ₹2,738 cr (— on the year) for October to December 2023.
None of the 2 checks that could run raised a question.
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