Adani Power Delivers Record 102 BU Power Generation in FY25
Newzdaddy Business Updates
Synopsis of the Article:
Adani Power Ltd. (APL), part of the diversified Adani Group, has reported strong growth in its financial and operational performance for the financial year ended March 31, 2025. The company continues to scale new heights, driven by robust demand, increased capacity, and strategic acquisitions. Adani Power generated a record 102.2 Billion Units (BU) of electricity in FY25, marking a sharp 19.5% growth compared to FY24.
Let’s break down the key highlights from their FY25 and Q4 FY25 results.
Adani Power’s performance in FY25 has reaffirmed its leadership in India’s power generation sector.
Key Highlights for FY25:
Power generation soared to 102.2 BU, up from 85.5 BU in FY24.
Power sales volume jumped 20.7% to 95.9 BU, thanks to rising power demand and an increase in operational capacity.
Continuing revenue rose 10.8% to ₹56,473 crore, despite lower tariffs in some segments.
Continuing EBITDA rose 14.8% to ₹21,575 crore, driven by increased revenue and reduced fuel costs.
Continuing Profit Before Tax (PBT) surged 21.4% to ₹13,926 crore.
APL increased its installed capacity to 17,550 MW, up from 15,250 MW in FY24. This was fueled by key acquisitions:
Moxie Power Generation Ltd. (MPGL) – 1,200 MW
Korba Power Ltd. (KPL) – 600 MW
Adani Dahanu Thermal Power Station (ADTPS) – 500 MW
This strategic expansion allowed Adani Power to better meet India’s increasing electricity needs, especially during peak demand periods.
APL’s power sales under long-term Power Purchase Agreements (PPAs) increased by 15.1% to 75.3 BU in FY25. Similarly, sales in the merchant and short-term markets jumped by a whopping 46.7% to 20.6 BU, thanks to increased power demand and lower coal prices.
While volume growth remained robust, average merchant power prices dropped due to cold weather and increased electricity supply. The market-clearing price on the Indian Energy Exchange fell by 15% year-on-year, to ₹4.47/kWh in FY25 from ₹5.24/kWh in FY24. However, Adani Power noted that prices began strengthening again in March 2025 due to the early onset of summer.
In the final quarter of FY25, Adani Power saw continued volume growth but faced cost pressures.
Q4 FY25 Highlights:
Power sales volume: 26.4 BU, up 18.9% from Q4 FY24.
Continuing revenue: ₹14,522 crore, up 5.3%.
Continuing EBITDA: ₹5,098 crore vs. ₹5,273 crore in Q4 FY24.
Continuing PBT: ₹3,248 crore vs. ₹3,464 crore last year.
PAT: ₹2,599 crore vs. ₹2,737 crore in Q4 FY24.
The decline in Q4 profit was attributed to:
Additional operating costs from new acquisitions
Lower merchant tariffs
Increased depreciation due to expanded asset base
Higher CSR obligations
| Metric | FY25 | FY24 | Change |
|---|---|---|---|
| Power Generation | 102.2 BU | 85.5 BU | +19.5% |
| Continuing Revenue | ₹56,473 Cr | ₹50,960 Cr | +10.8% |
| Continuing EBITDA | ₹21,575 Cr | ₹18,789 Cr | +14.8% |
| Continuing PBT | ₹13,926 Cr | ₹11,470 Cr | +21.4% |
| PAT | ₹12,749 Cr | ₹20,829 Cr | -38.8% (due to one-time prior period income in FY24) |
Adani Power also reported two major business updates:
Godda Plant Merger: The 1,600 MW ultra-supercritical thermal power plant of Adani Power (Jharkhand) Ltd. was merged into APL, streamlining operations. This plant supplies 1,496 MW to Bangladesh, strengthening cross-border energy ties.
VIPL Acquisition: APL’s resolution plan for acquiring Vidarbha Industries Power Ltd. (VIPL)—a 600 MW plant—was approved by the Committee of Creditors, with final approval awaited from NCLT, Mumbai.
APL’s strong fundamentals have earned it AA; Stable ratings from top credit agencies like CRISIL, India Ratings, CARE, and ICRA, enhancing its ability to raise funds through Non-Convertible Debentures (NCDs) worth ₹11,000 crore.
Mr. S B Khyalia, CEO of Adani Power Ltd., shared his thoughts:
“Adani Power has posted its best-ever performance for FY25, showcasing the strength of the Adani Group. As we rapidly expand capacity, we are focused on capital and cost efficiency to maintain our sector leadership. Sustainability remains at the heart of our strategy as we work towards long-term growth.”
Adani Power’s FY25 results underscore its resilience, growth strategy, and operational excellence. With a sharp rise in capacity, robust financials, and a firm focus on sustainability, the company is poised for continued leadership in India’s power sector.
For more information, visit the official Adani Power website: https://www.adanipower.com
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