Consolidated total revenue for the quarter soared 93 per cent YoY to Rs 13,308 crore compared with Rs 6,902 crore in the same quarter last year.
The fourth quarter revenues included prior period revenues of Rs 2,946 crore and prior period other income of Rs 1,982 crore.
Consolidated Ebitda rose 271 per cent YoY to Rs 7,942 crore from Rs 2,143 crore in the same quarter last year.
During the quarter, the company’s wholly-owned subsidiary, Adani Power Rajasthan, received payments towards domestic coal shortfall claims, along with carrying cost and late payment surcharge from Rajasthan DISCOMs pursuant to Supreme Court’s order dated February 27.
The company said electricity demand continued to grow strongly in India, driven both by economic growth and a heatwave in the north-western parts of the country. It is said that the recent geopolitical events in Europe have resulted in a sharp increase in global fuel prices, including coal, petroleum, and natural gas.
“This has in turn affected the ability of several thermal power plants in India to generate power at viable costs, restricting their output. As a result of supply constraints in face of a growing power demand, average market clearing price of electricity on exchanges rose to Rs. 8.23/kWh in the day,” it said.
The company said its Ebitda growth was aided by prior period income recognition, greater shortfall claims due to high import coal prices, and higher merchant and short term tariffs and volumes.
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