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Adani Power Financial Analysis FY2023 24

Adani Power Limited reported a significant increase in revenue and profitability for FY 2023-24, with revenue rising to 50,351 crore and net profit reaching 20,829 crore. The company demonstrated strong operational cash flow and improved financial ratios, including a reduced debt-to-equity ratio and enhanced profitability margins. Overall, Adani Power is well-positioned for future growth and expansion due to effective financial management.

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225 views2 pages

Adani Power Financial Analysis FY2023 24

Adani Power Limited reported a significant increase in revenue and profitability for FY 2023-24, with revenue rising to 50,351 crore and net profit reaching 20,829 crore. The company demonstrated strong operational cash flow and improved financial ratios, including a reduced debt-to-equity ratio and enhanced profitability margins. Overall, Adani Power is well-positioned for future growth and expansion due to effective financial management.

Uploaded by

himangku82
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Adani Power Limited Financial Analysis FY 2023-24

Profit & Loss Statement Summary

- Revenue: Adani Power's revenue from operations increased significantly, reaching 50,351 crore, up from 38,773 crore

in FY 2022-23. The company saw a 30% rise, attributed to higher volumes and improved tariffs.

- Total Income: Including other income, total income for FY 2023-24 stood at 60,281 crore, up from 43,041 crore, a 40%

increase primarily due to gains from favorable tariff adjustments.

- Operating Expenses: Total expenses (excluding depreciation and finance costs) were 32,171 crore, compared to

28,614 crore in FY 2022-23, due to rising fuel costs and additional operational activities.

- Profit Before Tax (PBT): The PBT more than doubled to 20,792 crore from 7,675 crore, primarily driven by operational

efficiencies, tariff improvements, and one-time adjustments.

- Profit After Tax (PAT): The net profit increased to 20,829 crore from 10,727 crore, reflecting strong financial

performance.

Cash Flow Statement Summary

- Cash Flow from Operating Activities: Net cash inflows from operations grew substantially, amounting to 14,170 crore in

FY 2023-24, up from 8,431 crore the previous year.

- Cash Flow from Investing Activities: Net cash used in investing activities was (8,859) crore, primarily driven by capital

expenditures on new projects.

- Cash Flow from Financing Activities: Net cash outflows from financing activities were (16,864) crore, reflecting debt

repayments and finance costs.

- Net Increase in Cash: Overall, there was a positive net cash flow of 791 crore by year-end.

Key Financial Ratios

1. Profitability Ratios:

- EBITDA Margin: Increased to 47% from 33%.


Adani Power Limited Financial Analysis FY 2023-24

- PAT Margin: Grew to 35% from 25%.

2. Liquidity Ratios:

- Current Ratio: Improved to 1.62 from 1.10.

3. Leverage Ratios:

- Debt to Equity Ratio: Reduced to 0.80 from 1.19.

- Interest Coverage Ratio: Increased to 8.44x from 4.64x.

4. Efficiency Ratios:

- Debtor Turnover Days: Decreased to 70 days from 96.

- Inventory Turnover Ratio: Declined to 9.44 times from 13.65.

Conclusion

Adani Power's FY 2023-24 financials exhibit significant growth in revenue and profitability, strong operational cash flow,

and a sound financial position due to effective debt management. The financial ratios underscore improved liquidity,

profitability, and efficiency, positioning Adani Power favorably for future growth and expansion.

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