Q4 2024 Adani Power Ltd Earnings Call Transcript
Key Points
- Adani Power Ltd (BOM:533096) reported a significant improvement in PLF from 52% in Q4 FY '23 to 72% in Q4 FY '24.
- Power sales volume grew by 55% from 14.3 billion units to 22.1 billion units in Q4 FY '24.
- Consolidated revenues for Q4 FY '24 increased by 29% to INR13,787 crores compared to INR10,664 crores in Q4 FY '23.
- Continuing EBITDA for Q4 FY '24 grew impressively by 126% to INR5,273 crores compared to INR2,329 crores in Q4 FY '23.
- The company's credit rating improved from A to AA-, reflecting enhanced creditworthiness and financial stability.
- The CEO, Mr. S B Khyalia, was unable to attend the earnings call due to an exigency.
- Despite the strong financial performance, the reported profit before tax for Q4 FY '24 was INR3,558 crores, which is lower than the previous year's adjusted figure due to a one-time adjustment.
- There are ongoing regulatory issues that could potentially impact future financial performance.
- The company faces risks related to the volatility of international coal prices, which could affect fuel costs.
- Concerns were raised about the long-term viability of merchant capacity expansion given the potential rise of battery storage and renewable energy sources.
Ladies and gentlemen, good day, and welcome to Adani Power Limited Q4 FY '24 Earnings Conference Call on hosted by ICICI Securities. Please note, all participants to -- all media participants to disconnect as this call is only for analysts. [Operator Instructions] Please note that this conference is being recorded.
I now hand the conference over to Mr. Dilip Jha, CFO of Adani Power. Thank you, and over to you, sir.
Yes. Thank you. So good afternoon, friends. This is the first time I'm addressing investors and analysts for Adani Power. And I must say that I'm very much excited to talk to you all.
I also have here with me my colleagues, Mr. Shailesh Sawa, Nishit Dave and my finance team. Our CEO, Mr. S B Khyalia, could not join this call due to some exigency, and he conveys to you all his regards.
To give a brief introduction of myself, I have been a part of Adani since 2010, working in various roles over the years. Before taking the charge of CFO of APL, I was Finance Head of the
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