InvestorQ : What explains the sharp increase in the profits of Adani Power for Q4?
vidhya Laxmi made post

What explains the sharp increase in the profits of Adani Power for Q4?

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sarah Leo answered.
2 weeks ago
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For the fourth quarter of FY22 ended Mar-22, Adani Power reported 66.3% growth in sales revenues at Rs.10,598 crore. Sequential revenues nearly doubled. For FY22, the sales revenues were up 13% at Rs.31,686 crore. This was boosted by aggregate energy demand up 8.2% at 1,380 billion units. Even the peak power demand was up 6.7% at 203GW for the fiscal year FY22. In an all-India trend, the peak power deficit widened from 0.4% to 1.2%. The company did see impact due to the sharp rise in coal prices denting thermal costs.

Adani Power

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 10,597.78

₹ 6,373.60

66.28%

₹ 5,360.88

97.69%

Net Profit (Rs cr)

₹ 4,645.47

₹ 13.13

35281%

₹ 218.49

2026.17%

Diluted EPS (Rs)

₹ 11.65

₹ -0.83

₹ -0.34

Net Margins

43.83%

0.21%

4.08%

  

Net profit for Q4 was up multi-fold at Rs.4,645 crore on a consolidated basis, even as sequential growth also remained extremely flattering. Despite spike in cost of coal, the EBITDA for Q4 was up 271% yoy at Rs.7,942 crore, while FY22 EBITDA was up 30% at Rs.13,789 crore. To an extent, the bottom line of Adani Power was also boosted by the 4-fold increase in other income during the quarter. Net margins were 59.14% in Mar-22 quarter as against 57.94% in the Mar-21 quarter. NPM was also higher sequentially compared to 56.58% in the third quarter.

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