Adani in the news

Adani Power Q3FY12 Net Sales up by 111% at Rs 1059 crore, PAT down by 428% at Rs (358) crore
February 06, 2012

Adani Power Ltd, a subsidiary of Adani Enterprises Ltd and part of India’s leading integrated infrastructure conglomerate the Adani Group, today announced the financial results for the third quarter and nine-month period ended December 31, 2011.

Net Profit for Q3 FY12 declined by 428% to Rs (358) crore, as compared to Rs 109 crore in the corresponding quarter last year. The EBIDTA margin for the December 2011 quarter was at 20% as against 55% in Q3 FY11. Earnings per Share for Q3 FY12 worked out to Rs (1.64) as compared to Rs 0.50 for the same period of last fiscal.

Net Sales for the quarter ended December 31, 2011 stood at Rs 1,059 crore, registering a growth of 111%, as compared to Rs 503 crore in the same period last year.

For the nine-month period ended December 31, 2011, the company clocked a net profit of Rs (4) crore compared to Rs 349 crore of the corresponding period last fiscal. Net Sales during the 9M FY12 stood at Rs 2,951 crore, against Rs 1,251 crore in the same period previous year.

Financial Performance (Rs in crore)

Q3 FY12Q3 FY119M FY129M FY11
Net Sales1,0595032,9511,251
Net Profit(358)109(4)349
EBIDTA Margin20%55%39%57%
PAT Margin(34%)22%0%28%
Gross Generation (million units) 3,3811,9319,8694,579
Units Sold (million) 3,0181,7188,8754,082
Average Realisation (per kWh)3.512.933.333.06
Average PLF 66%85%72%83%

Commenting on the financial performance of the company Gautam Adani, Chairman, Adani Group said, “These results are reflection of price increase on Imported Coal and non-availability of transmission line for evacuation of power. Coal availability and price, both have now become important national issue and since Government of India is now involved at the highest level in finding solution, the power industry is hoping for an early and positive solution.

Other highlights for the nine-month period ended December 31, 2011

1. India’s largest private thermal power producer

2. Synchronised 3 super critical units of 660 MW each at Mundra plant