Adani Power on Thursday reported a net profit rise of Rs 2,228.1 crore on a consolidated basis in the quarter ended September 30, from the profit of just Rs 3.9 crore posted in the corresponding period a year ago, on the back of one-time revenue recognition of Rs 3,624 crore as compensatory tariff as fuel expenses went down amid lower power demand.
The earnings before interest, tax, depreciation and amortisation (Ebitda) for Q2FY21 rose 126% year-on-year (y-o-y) to Rs 5,086 crore on compensatory tariffs and improved fuel cost recovery during the quarter. The fuel cost for Q2FY21 fell to Rs 3,161.8 crore from Rs 3,926.4 crore a year ago as electricity sales volume fell 13% annually to 12.6 billion units (BU).
