NEW HIGHS on Adani Power share price! Stock rises 10% today - details HERE

Adani Group shares have been an absolute delight for Investors. Adani Enterprises, Adani Gas, Adani Transmission, Adani Green, Adani Ports and Adani Power have given extremely strong returns to investors. The Power Sector has been in focus in the past few sessions. Adani Power, Tata Power, Torrent Power, NTPC, Power Grid, CESC, hit new 52-week high. All of these stocks were up over 5% to 13% today. The 52 week low on Adani Power was Rs 34.35 and the share price has moved over 5 times in one year. Adani Power share price made Life Highs of Rs 166.9 today.

Adani Power Limited (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. Adani Power has a power generation capacity of 12,450 MW comprising thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh and a 40 MW solar power project in Gujarat.

See Zee Business Live TV Streaming Below:

Commenting on the quarterly results of the Company, Mr. Gautam Adani, Chairman, Adani Group said that “India is facing a renewed challenge in the form of a sudden surge of the COVID-19 pandemic. The Adani Group stands shoulder-to-shoulder with the nation in facing and surmounting this challenge. We are expending all efforts to help India recover quickly and resume on its path to progress and prosperity for all. The Adani Group remains committed to sustainable growth of energy infrastructure and becoming a key contributor to the nation’s economic progress”

Adani Power announces Q4 FY21 consolidated results Q4 FY21 EBITDA grows to Rs 2143 cr, up by 496% y-o-y FY21. EBITDA grows to Rs 10597 cr, up by 50% yoy. Adani Power’s Consolidated total Revenue for Q4 FY21 stood at Rs 6902 cr vs Rs 6328 cr in Q4 FY20. Adani Power’s Consolidated total revenues stood at Rs. 28150 cr in FY21 vs Rs 27842 cr in FY20. Adani Power’s Consolidated EBITDA for FY21 stood at Rs 10597 cre vs Rs 7059 cr in FY20.

Adani Power EBITDA growth was aided by prior period income recognition, lower cost of domestic alternate coal, favourable currency movement, lower provisioning of one-time expenses, and lower revenue reversal, when compared YoY.

Adani Power Performance during FY 2020-21:

During the financial year ended March 31st, 2021, APL along with power plants of its subsidiaries achieved an Average PLF of 58.9% aggregate sales volumes of 59.3 BU. In comparison, APL and its subsidiaries achieved a PLF of 66.6% and sales volume of 64 BU in the financial year ended March 31st, 2020. Performance for FY 2020-21 was affected by the sharp drop in demand during the first quarter, which was caused by the strict nation-wide lockdown imposed to combat COVID-19, as well as customer backdowns and reserve shutdowns during subsequent quarters.