Adani Power came out with its results recording a Net Loss standing at Rs 682 crore as compared to Rs 1,312.9 crore. in the quarter ending March 20′ decreasing Net Loss by 49%(QoQ).

Q1 FY21Q4 FY20Q1 FY20QoQ%YoY%
Net Profit/Loss-682.5-1,312.9-263.448.02-159.19
Amount in Rupees Crores

Adani Power Limited is the power business subsidiary of Indian conglomerate Adani Group with head office at Ahmedabad. The company is India’s largest private thermal power producer, with a capacity of 12,450 MW.

The average Plant Load Factor(Capacity Utilisation) of 51% in Q1 FY 2020-21 vs 78% in Q1 FY 2019-20. The PLF is lower due to the decline in power
demand following the announcement of a nationwide lockdown to combat COVID-19
. Consolidated Units sold for the quarter are 12.7 BU, as compared to the Q1 FY20 sales the volume of 16.5 BU.

The Future

The Madhya Pradesh Electricity Regulatory Commission has approved a 1.23 MegaWatt Power Supply Agreement (PSA) with the company’s wholly-owned subsidiary, Pench Thermal Energy (MP) Ltd. and MP Power Management Company Ltd. The power to be supplied under this PSA will be supplied by a 1.32 MW power-plant to be set up in Madhya Pradesh under a Design, Build, Finance, Own. and Operate basis.

Adani Power Ltd. has also signed a definitive agreement to acquire a 49% stake in Odisha Power Generation Corporation Ltd. (OPGC) from the affiliates of AES Corporation, a US-based energy company. The deal is estimated to be an INR equivalent of $135 million. The company seems ready make a recovery once the COVID situation normalises.

You can read the official result over here.