Adani Power Q3 Earnings: Results Today, Analysts’ Call at 6 PM

Adani Power’s CEO and CFO are set to participate in an earnings conference call with research analysts and investors at 6 PM today.

Adani Power Ltd is scheduled to announce its quarterly results on January 25 (Thursday). The Adani group company had previously indicated on January 19 that a board meeting would be held on the same day to consider and approve the unaudited financial results for the December quarter and the nine months ending on December 31, 2023.

After the release of Adani Power‘s quarterly results, ICICI Securities is set to facilitate an earnings conference call with research analysts and investors at 6 pm later in the day. The call will feature key representatives from Adani Power, including CEO SB Khyalia, CFO Shailesh Sawa, and AVP for Investor Relations Nishit Dave.

Adani Power currently operates with an installed capacity of 15.2 GW, and an additional 1.6 GW is under construction. This represents approximately 7.1% of India’s overall thermal power generation capacity, which stands at 214 GW.

As of now, Adani Power boasts an installed capacity of 15.2 GW, with an additional 1.6 GW under construction. This constitutes approximately 7.1% of India’s total thermal power generation capacity, which stands at 214 GW. The company has demonstrated steady growth in its installed capacity, achieving a 5% Compound Annual Growth Rate (CAGR) from 12.4 GW in FY21 to 13.6 GW at the end of FY23. Projections indicate that the company is on track to surpass 16.8 GW by FY27.

“In the context of the growing emphasis on renewable energy (RE) for generation capacities, the expanding gap between peak demand and supply underscores the necessity for additional base load capacity provided by conventional fossil energy sources, as stated by Ventura Securities.

Adani Power, being the largest private pure-play thermal power company, has strategically aligned capacity expansion plans to address this need,” as highlighted by Ventura Securities in a recent statement.

Brokerage refrains from Q3 commentary; Forecasts Adani Power’s revenue to grow at 7% CAGR to Rs 47,000 crore, and EBITDA at 12% to Rs 14,080 crore from FY23-26.

Ventura anticipates a 400 basis points expansion in Ebitda margins for Adani Power, citing enhanced domestic coal availability and an expected rise in plant load factor (PLF) to boost operating profitability in the mentioned period.

Adani Power announces finality in the recovery of domestic coal shortfall claims from Rajasthan Urja Vikas and IT Services Limited (formerly Rajasthan Urja Vikas Nigam Limited), following the Supreme Court’s order.

RUVITL’s appeal for refund of the claim amount, initially dismissed by the Rajasthan Electricity Regulatory Commission, is now under review in the Appellate Tribunal of Electricity, as stated by Adani Power on January 18.

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