Adani Power

The Q1FY17 performance of Adani Power was very much on expected lines – with numbers getting affected due to lower generation, mainly on account of Tiroda plant due to water shortage and at the Mundra plant, due to maintenance issues and boiler accident. This showed a 6% (YoY) drop in consolidated total income to Rs 5,587 crore. Billed availability during Q1FY17 for Mundra was 93%, Tiroda 71%, Kawai 97% and Udupi was 94%. The shortfall in income from Tiroda was due to non-availability of water which was partially compensated by higher revenue at Kawai where PLF was 86% and at Udupi where PLF was 79%.

EBIDTA during the quarter increased by 21% from Rs.1,623 crore due to  17% lower coal cost and improved performance from Kawai and Udupi plant. The company sold 13.96 billion units in Q1FY17 Vs 15.86 billion units in Q1FY16. The company ended the quarter with a consolidated net loss at Rs.34 crore v/s Rs.172 crore in previous Q1. Interest outgo during the quarter was at Rs.1451 crore and debt currently stands at a staggering Rs.49,000 crore.