Adani Power posts Rs 278 cr consolidated net profit in June quarter
Adani Power Ltd posted a consolidated net profit of Rs 278.22 crore in the June 2021 quarter, mainly on the back of higher revenues. The company had reported a consolidated net loss of Rs 682.46 crore in the quarter ended on June 30, 2020, a BSE filing stated. Total income rose to Rs 7,213.21 crore in the quarter from Rs 5,356.19 crore in the same period a year ago. Consolidated units (power) sold for Q1 FY’22 were 16.2 billion units (BU), as compared to the Q1 FY’21 sales volume of 12.7 BU.
Average Plant Load Factor (PLF) or capacity utilisation, achieved by Adani Power and its subsidiaries during the first quarter of FY’22, was 65 per cent, as compared to 51 per cent achieved in Q1 FY’21. Finance costs for Q1 FY’22 declined to Rs 1,068 crore as compared to Rs 1,392 crore in Q1 FY’21 on account of conversion of unsecured loans into unsecured perpetual securities during FY’21, term loan repayment, interest rate reduction, and favourable currency movement.
