Adani in the news

Adani Power Consolidated EBIDTA rose 204% to Rs 2,112 crore
January 27, 2014


Editor’s Synopsis


ConsolidatedTotal Income for 9MFY14 increased by 97% to Rs 9,920 crore Vs Rs


5,035 crore in 9MFY13


ConsolidatedEBIDTA for 9MFY14 increased by 204% to Rs 2,112 crore Vs Rs 696


crore in 9MFY13


Consolidated NetLoss for 9MFY14 is Rs 2,815 crore


ConsolidatedTotal Income for Q3FY14 increased by 120% to Rs 4,240 crore Vs Rs


1,928 crore in Q3FY13


ConsolidatedEBIDTA for Q3FY14 increased by 180% to Rs 1,017 crore Vs Rs 363 crore


in Q3FY13


Consolidated NetLoss for Q3FY14 is Rs 545 crore, which is due to higher imported


coal cost due to limited availability of domesticcoal and also non-cash charge of


depreciation and provision for deferred tax


The Company sold11.2 billion units during Q3FY14 Vs 6.0 billion units in Q3FY13


Adani PowerRajasthan commissioned second unit of 660 MW, thus completing its


1320 MW power project in Kawai. With this, AdaniPower has a total commissioned


capacity of 7920 MW, making it India’s largestprivate thermal power producer


Adani Power seta record in power generation achieving highest generation at 4644


MW at its state-of-the-art 4620 MW Mundra plant,making it the only power station of


such a large size to reach a significant milestonein electricity production


Adani PowerMaharashtra and Adani Power Rajasthan signed MoU with Mahanadi


Coalfields Ltd for supply of domestic thermal coalof 3.4 MMT each. With this, the


company currently has 18.6 MMT of domestic coalavailability for Mundra, Tiroda and


Kawai Power Projects


Ahmedabad, January 27, 2014: AdaniPower Ltd, a subsidiary of Adani Enterprises Ltd


and partof Adani Group, today announced the financial results for the third quarter


and ninemonths ended December 31, 2013.


Adani Power Ltd


Shikhar,Nr Adani House, Mithakhali Six Roads, Navrangpura, Ahmedabad 380 009, Gujarat,India


Consolidatedtotal income for nine months increased by 97% to Rs 9,920 crore


comparedto Rs 5,035 crore in the same period last year. The consolidated EBIDTA


increasedby 204% to Rs 2,112 crore compared to Rs 696 crore in the same period last


year.The consolidated net loss is Rs 2,815 crore.


Consolidatedtotal income for the quarter increased by 120% to Rs 4,240 crore


comparedto Rs 1,928 crore in the same period last year. The consolidated EBIDTA


increasedby 180% to Rs 1,017 crore compared to Rs 363 crore in the same period last


year.The consolidated net loss is Rs 545 crore. The quarter’s result reflected


improvedPLF of 75% as compare to PLF of 63% achieved in Q2FY14 and operational


efficiencies.


Standalonetotal income for nine months increased by 42% to Rs 7062 crore


comparedto Rs 4976 crore in the same period last year. The standalone EBIDTA


increasedby 99% to Rs 1610 crore as compared to Rs 810 crore in the same period


lastyear. The standalone net loss is Rs 2255 crore.


Standalonetotal income for the quarter increased by 46% to Rs 2664 crore compared


to Rs1829 crore in the same period last year. The standalone EBIDTA increased by


84% toRs 695 crore as compared to Rs 377 crore in the same period last year. The


standalonenet loss is Rs 426 crore.


Commentingon the financial performance of the Company Mr. Gautam Adani,


Chairman,Adani Power said, “It is matter of pride that Mundra Power Plant has


surpassedits installed capacity. The effective utilization of increased capacity


coupledwith implementation of various Government initiatives, we are confident and


committedto meet the demand supply gap in electricity in India.”


Mr.Vinod Bhandawat, Chief Financial Officer of Adani Power, said, “The challengesof


limiteddomestic coal availability and non-remunerative PPA prices continued to


impactour financial performance. However, with increased operational capacity,


improvingoperating efficiencies, implementation of policy initiatives like CERC