Adani Power reported its Q4 and FY24 numbers. Its Q4FY24 PAT (Profit After Tax) fell nearly 48% YoY to Rs 2,737 crore from Rs 5,242 crore in Q4FY23. On a sequential basis the net profit came in flat compared to the December quarter. The fall in Q4 profit as been on account of the increase in depreciation charge to Rs 990 crore and as the finance cost shot up to Rs 820 crore due to the commissioning of the Godda project. Its Q4FY24 total continuing income came in at Rs 13,787 crore, up 29.3% YoY from Rs 10,664 crore in Q4FY23.
The operating performance for Q4FY24 includes output from 600 MW Godda Ultra-supercritical Thermal Power Plant of APL’s subsidiary Adani Power (Jharkhand) (APJL), which was commissioned in Q1FY24.
