This Adani Group stock deals in the business of power production through thermal and solar sources sells power generated from these projects with a combination of long-term and short-term PPA and on a merchant basis, surged upto 4 percent after Bangladesh sought power supply restoration as per sources.
Share Price Movement
With a market capitalization of Rs. 1,93,039.79 Crores, the shares of Adani Power Limited were up by 4.18 percent in the day’s trade touching a day’s high of Rs. 511.85 per share.
The stock reiterated from the day’s high and was trading at Rs. 500.50 which is 1.87 percent higher than the previous closing price of Rs. 491.30 apiece. It has delivered a negative return of 11 percent which has underperformed the Nifty Index in the past year.
What happened
Adani Power stock surged after Reuters reports said Bangladesh asked Adani Power to resume power from its 1,600-megawatt plant in India situated in Jharkhand state after reduced sales for more than three months due to payment disputes and low winter demand.
The company was supplying half the power to Bangladesh due to issues regarding their foreign exchange shortages and as of November, it was operating at about 42 percent of capacity. Currently, Bangladesh has asked to resume supply from other units as per sources.
The BPDB chairman Md. Rezaul Karim said “Right now, we are making a payment of $85 million per month. We are trying to pay more, and our intention is to reduce the overdue. Now there is no big issue with Adani.”
Earlier, There was a pricing issue on how power tariffs were calculated. Bangladesh Court had ordered an examination of the contract with Adani and results are expected this month which can lead to contract renegotations as per sources.
Q3YF25 Financial Highlights
For the quarter ending December 2024, Adani Power’s consolidated revenue from operations has increased by 5.23 percent year on year from Rs. 12,991 crores in Q3FY24 to Rs. 13,671 crores in Q3FY25 and increased by 2.48 percent quarter on quarter from Rs. 13,339 crores in Q2FY25.
The company’s consolidated net profit has increased by 7.37 percent year on year from Rs. 2,738 crores in Q3FY24 to Rs. 2,940 crores in Q3FY25. As compared to Q2FY25, the company’s net profit has declined by 10.85 percent quarter on quarter from Rs. 2,940 crore.
Business Segments
The company earned mostAdani Power of its revenue from operations from Power Generation and related activities as of the December 2024 quarter.
Company Overview
Adani Power was established in 1996 and is one of the largest private thermal power producers in India, with a capacity of 15,250 MW across multiple states. They focus on affordable power generation using both thermal and solar power.
Written By Santhosh S
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