Adani Power Ltd has been in focus on Tuesday. On January 14, 2025, Adani Power share price opened at ₹460.00, up from its previous close of ₹449.90. At 11:11 AM, the share price of Adani Power was trading at ₹523.00, up by 16.25% on the NSE. As of the same time, the stock price touched its day’s high at ₹535.00.
Earlier this month, in January 2025, the company informed the exchanges that CARE Ratings Limited has assigned a ‘CARE AA; Stable’ credit rating to the proposed Non-Convertible Debentures (NCDs) of Adani Power Limited, amounting to ₹5,000 crores. Additionally, the credit ratings for the company’s existing bank loan facilities have been reaffirmed.
The reaffirmed ratings include ‘CARE AA; Stable’ for the long-term bank facilities of ₹21,805.99 crores, ‘CARE AA; Stable / CARE A1+’ for the long-term/short-term bank facilities of ₹8,429.01 crores, and ‘CARE A1+’ for short-term bank facilities amounting to ₹765 crores.
For Q2 FY 2025, the company reported a total income of ₹14,062.84 crores, which reflects a slight decrease from ₹14,935.68 crores in Q2 FY 2024. The net profit for the quarter stood at ₹3,297.52 crores, lower than ₹6,594,17 crores reported in the same period last year.
In the first half of FY 2025 (H1 FY 2025), the company recorded a total income of ₹29,536.79 crores, a decline from ₹33,044.69 crores in H1 FY 2024. The net profit for the first half of the fiscal year was ₹7,210,31 crores, down from ₹15,353,59 crores in H1 FY 2024.
Adani Power (APL), a subsidiary of the diversified Adani Group, is India’s largest private thermal power producer. The company, along with its subsidiaries, sells power generated from its projects through a mix of long-term Power Purchase Agreements (PPAs), short-term PPAs, and on a merchant basis.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jan 14, 2025, 11:31 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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