Adani Power back in black in Q4 with ₹635-cr profit

Adani Power, which houses the Gautam Adani group’s thermal and renewable energy generation, reported net profit of ₹635 crore for the March quarter, as opposed to the loss of ₹653 crore that it reported in the previous year. For FY19, net loss stood at ₹984.4 crore, much lower than the ₹2,073.77 crore it reported in FY18.

Average plant load factor (PLF) more than doubled to 79% in Q4FY19, as against 37% in Q4FY18 while units sold during Q4FY19 more than doubled to 16.6 billion units from 7.9 billion units in previous year. Consolidated total income stood at ₹8,078 crore for the quarter as compared to ₹4,161 crore in Q4FY18, an increase of 94%, while consolidated EBIDTA for Q4FY19 was at ₹1,964 crore as against ₹1,414 crore in Q4FY18, an increase of 39%.