Adani Power Q1 Results: PAT up by 54%

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Adani Power Q1 Results: PAT up by 54%
Adani Power: Quotes, News
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Adani Power, India's largest private thermal power producer and a subsidiary of Adani Enterprises reported 54% rise in Net Profit Q1 FY12. Its Profit After Tax (PAT) rose from Rs 114 crore in same quarter last year to Rs 177 crore this quarter.

Adani's Net Sales grew by 132% from Rs 353 crore an year ago to Rs 819 crore this quarter. The company's net sales grew due to capacity addition in Q1 FY12, taking the total generation capacity to 1,980 MW.

The EBIDTA margin for the reporting period fell to 50% as against 63% in Q1 FY 11.

Commenting on the financial performance of the company Mr Gautam Adani, Chairman, Adani Group said, “The synchronisation of our second super critical unit of 660 MW is yet another example of our commitment to implement world class technology in power generation to reduce the widening power deficit gap in our country. The Mundra project is well on track and we hope to
achieve full target of 4,620 MW by end of this fiscal."

Company's Earning per share (EPS) for Q1 FY12 was at Rs 0.81 per share as against 0.53 same quarter last year.

The average plant load factor for the quarter stood at 74 percent due to planned shut-down, as per the company press release.

During the quarter, the company sold 2,898 million units, compared to 1,030 million units in the year-ago quarter, while average realization stood at Rs.2.82/kWh, down from 3.36/kWh in Q1FY11.

Read more about: results, power, thermal, adani
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