Adani Power’s PAT declines by 39% during FY 25

Despite a 21 percent year-on-year (y-o-y) rise in electricity sale volumes, Adani Power clocked a ₹12,750 crore in consolidated profit after tax (PAT), a decline of 39 per cent compared to FY24.

“Profit After Tax for FY25 was lower at ₹12,750 crore as compared to ₹20,829 crore in FY24 on account of lower one-time revenue recognition and higher tax charge,” the company stated in a statement on Wednesday. The profits fell despite a higher y-o-y power-sale volumes and a subsequent revenue from operations. Due to robust power demand and higher operating capacity, the company’s consolidated power sale volume rose by 20.7 per cent to 95.9 billion units in FY25. The revenues from operations stood at ₹56,203 crore, a y-o-y growth of almost 12 per cent.

The company’s consolidated operating capacity grew from 15,250 MW in FY24 to 17,550 MW in FY25 on account of acquisition of the 1,200 MW Moxie Power Generation Ltd, 600 MW Korba Power Ltd and 500 MW Adani Dahanu Thermal Power Station. During FY25, the total expenses of the company also rose by 8 per cent to ₹42,546 crore. The fuel costs that were part of the expenses of the company rose by 6.4 per cent.

On account of acquisition debt for Korba Power Ltd and higher working capital borrowings in line with the increased scale of operations, the net total debt of the company rose by 17 per cent to ₹31,023 crore as of March 31, 2025.

SB Khyalia, CEO, Adani Power Ltd, stated, “Adani Power has posted higher operating and financial performance for FY24-25, demonstrating the strength and resilience of the Adani Portfolio companies. As we progress quickly in the next phase of capacity expansion, we are prioritising capital and cost efficiencies to sharpen our competitive edge and extend our sectoral leadership across key parameters. We are employing our deep, cross-domain expertise to make the business future ready to continue delivering superior returns over the long term.”  

Published on April 30, 2025