Adani Power's Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Adani Power for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | YoY (% change) | Q1FY24 | QoQ (% change) | Q2FY24 |
| Total Income (₹crs.) | 8,445 | 76.85 | 18,109 | -17.53 | 14,935 |
| Total Expenses (₹crs.) | 7,747 | 25.36 | 9,309 | 4.33 | 9,712 |
| Net Profit (₹crs.) | 695 | 848.78 | 8,759 | -24.72 | 6,594 |
| Margin (%) | 8.23 | 35.92 | 48.37 | -4.22 | 44.15 |
REVENUE:
Adani Power reported a total income of ₹14,935 crores in Q2FY24, reflecting a substantial decline of 17.53% compared to the preceding quarter. On a year-on-year (YoY) basis, there was remarkable growth of 76.85% from ₹8,445 crores in Q2FY23.
EXPENSES:
The company's total expenses for Q2FY24 amounted to ₹9,712 crores, indicating an increase of 4.33% compared to the expenses in the preceding quarter. On a YoY basis, expenses increased by 25.36% from ₹7,747 crores in Q2FY23.
NET PROFIT:
Adani Power reported a net profit of ₹6,594 crores, reflecting a significant decline of 24.72% compared to the net profit of ₹8,759 crores in the preceding quarter. On a YoY basis, the company experienced a remarkable 800%+ increase in profitability.
MARGINS:
Adani Power's margin in Q2FY24 was 44.15%, representing a decrease compared to the margin of 48.37% in the preceding quarter. Year-on-year, the margin displayed a substantial increase of 35.92%.
In conclusion, Adani Power's financial performance in the second quarter of fiscal year 2024 reveals a contrasting picture with a significant YoY increase in revenue and profit, while experiencing a slight decline in margins due to increased expenses. However, there was a noticeable decline in profitability compared to the preceding quarter.
Stay tuned for more updates on upcoming financial performances.