Adani Power Logs 37 Percent Revenue Growth In FY24, Consolidated PBT More Than Doubled

New Delhi, May 1: Adani Power on Wednesday reported 37 per cent growth (year-on-year) in revenue at Rs 50,960 crore for FY24, as continuing EBITDA more than doubled to Rs 18,789 crore.

Consolidated profit before tax (PBT) for FY24 more than doubled to Rs 20,792 crore as compared to Rs 7,675 crore in the previous fiscal year.

For the fourth quarter (Q4), the revenue surged 29 per cent to Rs 13,787 crore (on-year), and EBITDA more than doubled to Rs 5,273 crore, the company said in a statement.

Consolidated profit before tax for the January-March period grew to nearly four times at Rs 3,558 crore as compared to Rs 898 Crore in Q4 FY23.

Gautam Adani, Chairman, Adani Group, said that as India transitions to a more sustainable energy future, "the Adani Portfolio of companies will continue to provide innovative, reliable, and scalable solutions to support the nation’s economic growth and help realise the aspirations of its billion-plus citizens".

"Adani Power is a key component of our long-term strategy, supplying reliable base load power across a vast part of the country, executing benchmark-setting projects, creating assets of national importance, and acting as the balancing supply to enable greater integration of renewables in the grid," Gautam Adani added.

(IANS)