Company's total income for quarter ended March 31, 2013, rose by 75% to Rs 1,747 crore
Higher prices of imported coal and transmission constraints continued to take a toll on power sector’s financial performance as Adani Power Ltd (APL) reported net loss for the fourth quarter at `426 crore (`290 crore) on standalone basis.
The total income for the fourth quarter ended March 31, rose by 75% to `1,747 crore (`999 crore). The EBIDTA for Q4 increased by 151% to `522 crore (`208 crore). The company reported a net loss of `1,952 crore in financial year 2012-13, ended March 31, compared with last fiscal’s `294 crore, on a standalone basis.
But the company expected better results ahead as Gautam Adani, chairman, welcomed the recent order of the Central Electricity Regulatory Commission (CERC) as a “step forward to resolve the tariff issue as it will be in the best interests of all stakeholders and consumers”.
The developmental mindset of the Government is set to benefit the power sector as a whole, and in particular, the players which will have large power generating capacity in future, he said in a statement here.
The consolidated total income in FY13 increased by 66% to ` 6,779 crore (`4,092 crore), while net loss stood at `2,295 crore (`294 crore). The EBIDTA decreased by 22% to `1,150 crore (`1,475 crore). In FY13, the company sold 20.69 billion units (12.4 billion units).
Adani Power Maharashtra (APM) signed additional fuel supply agreement (FSA) with the South Eastern Coal Fields for the Tiroda plant, enabling it to procure 4.2 million tonnes of coal. The company now has 10.6 million tonnes of FSA for Mundra and Tiroda power projects, he said. Recently, APM has operationalised another unit of 660 MW and Adani Power Rajasthan synchronised a unit of 660 MW in the first quarter of FY14.
The total operational capacity of APL has now been augmented to 5,280 MW. Prabal Banerji, CFO, Adani Power, said “The challenges of limited resources and evacuation bottleneck have affected our profitability in the past year.
“However, with FSA signing, timely delivery of the domestic coal and with fully operationalised capacity, the company is confident of posing a strong operational and financial performance to bring value to its stakeholders.” Adani Power shares closed at `48.35, down 0.30%, on the BSE.
Higher prices of imported coal and transmission constraints continued to take a toll on power sector’s financial performance as Adani Power Ltd (APL) reported net loss for the fourth quarter at `426 crore (`290 crore) on standalone basis.
The total income for the fourth quarter ended March 31, rose by 75% to `1,747 crore (`999 crore). The EBIDTA for Q4 increased by 151% to `522 crore (`208 crore). The company reported a net loss of `1,952 crore in financial year 2012-13, ended March 31, compared with last fiscal’s `294 crore, on a standalone basis.
But the company expected better results ahead as Gautam Adani, chairman, welcomed the recent order of the Central Electricity Regulatory Commission (CERC) as a “step forward to resolve the tariff issue as it will be in the best interests of all stakeholders and consumers”.
The developmental mindset of the Government is set to benefit the power sector as a whole, and in particular, the players which will have large power generating capacity in future, he said in a statement here.
The consolidated total income in FY13 increased by 66% to ` 6,779 crore (`4,092 crore), while net loss stood at `2,295 crore (`294 crore). The EBIDTA decreased by 22% to `1,150 crore (`1,475 crore). In FY13, the company sold 20.69 billion units (12.4 billion units).
Adani Power Maharashtra (APM) signed additional fuel supply agreement (FSA) with the South Eastern Coal Fields for the Tiroda plant, enabling it to procure 4.2 million tonnes of coal. The company now has 10.6 million tonnes of FSA for Mundra and Tiroda power projects, he said. Recently, APM has operationalised another unit of 660 MW and Adani Power Rajasthan synchronised a unit of 660 MW in the first quarter of FY14.
The total operational capacity of APL has now been augmented to 5,280 MW. Prabal Banerji, CFO, Adani Power, said “The challenges of limited resources and evacuation bottleneck have affected our profitability in the past year.
“However, with FSA signing, timely delivery of the domestic coal and with fully operationalised capacity, the company is confident of posing a strong operational and financial performance to bring value to its stakeholders.” Adani Power shares closed at `48.35, down 0.30%, on the BSE.
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