Adani Power reports Q3 FY20 revenue of Rs 6685 crore
Adani Power on Thursday reported a consolidated total revenue for the quarter ended 31 December Q3 FY20 stood at Rs 6685 crore vs Rs 6667 in the year-ago period, the company said in an exchange filing.
Adani Power on Thursday reported consolidated total revenue for the quarter ended 31 December Q3 FY20 at Rs 6685 crore against Rs 6667 in the year-ago period, the company said in an exchange filing. The company also narrowed its losses which stood at Rs 703 cr for Q3 FY20 as against Rs 1180 during the corresponding period in FY19.
The consolidated total revenue at Rs 21514 crore in 9M FY20 vs Rs 18284 cr in 9M FY19, was up 18%, the exchange filing said. The consolidated EBITDA for Q3 FY20 stood at Rs 1557 cr vs Rs 1372 cr in Q3 FY19, a growth of 13% while consolidated EBIDTA for 9M FY20 at Rs 6700 cr vs Rs 5467 cr in 9M FY19, a growth of 23%.
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"Thermal power, with its reliability and scale, is a key enabler for a sustainable energy future. As India's largest private sector power producer, we are keen to contribute to its long term energy requirements. The Company is now well-positioned to capitalize on its leadership position, operational strengths, greater domestic fuel availability, and enhanced cost recovery, to deliver improved profitability and tap value-accretive growth opportunities. " Vneet S Jaain, CEO, Adani Power Limited, said in the exchange filing.
"We are fully committed to keeping our promise to all stakeholders, with an emphasis on efficiency, safety, and sustainability," he added.
Other performance areas during Q3 FY 2019-20
-- Operating performance during the third quarter of FY 2019-20 includes the performance of the 1.370 MW power plant of Raipur Energen Ltd (REL), which was acquired on August 2nd, 2019. while the performance of the 600 MW power plant of Raigarh Energy
Generation Ltd. ["REGL"], which was acquired on July 20th, 2019 is not included as it is in a ramp-up phase. Consolidated financial performance for the relevant periods includes both REL and REGL, the exchange filing said.
-- Depreciation charge for Q3 FY 2019-20 was at Rs. 783 Crore, after incorporating the consolidation of REL and REGL, as compared to Rs. 682 Crore in Q3 FY 2018-19.
-- Aggregate sales volumes for 2019-20 were 16.4 Billion Units. In comparison, during Q3 FY 2018-19. APL and its subsidiaries achieved an average PLF of 73% and a sales volume of 15.8 BU.
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