Adani Power Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	542,548	562,031	503,513	387,733	277,112	262,215
Revenue Growth (YoY)	-1.94%	11.62%	29.86%	39.92%	5.68%	-0.93%
Fuel & Purchased Power	291,904	302,733	284,526	254,809	147,622	147,812
Operations & Maintenance	9,057	9,057	7,243	5,920	5,274	5,147
Selling, General & Admin	139.4	139.4	167.5	106	56.9	61
Depreciation & Amortization	45,020	43,089	39,313	33,037	31,175	32,017
Other Operating Expenses	41,077	35,539	29,037	24,580	24,699	22,144
Total Operating Expenses	387,196	390,556	360,287	318,451	208,827	207,179
Operating Income	155,352	171,475	143,225	69,282	68,285	55,036
Interest Expense	-28,973	-30,726	-30,794	-30,402	-38,720	-46,476
Interest Income	15,412	15,412	89,640	36,203	35,591	10,455
Net Interest Expense	-13,561	-15,314	58,846	5,801	-3,129	-36,021
Currency Exchange Gain (Loss)	2,604	2,604	567.3	-3,708	-1,272	1,716
Other Non-Operating Income (Expenses)	-1,190	4,268	4,824	5,475	2,342	-725.2
EBT Excluding Unusual Items	143,205	163,032	207,462	76,850	66,226	20,006
Gain (Loss) on Sale of Assets	-1,129	-1,129	-469.2	-516.8	-672.5	-196.4
Other Unusual Items	1,692	1,692	922	413.7	218.2	3,078
Pretax Income	143,768	163,595	207,915	76,747	65,771	22,887
Income Tax Expense	30,779	36,099	-372.8	-30,519	16,656	10,188
Earnings From Continuing Ops.	112,989	127,496	208,288	107,266	49,116	12,700
Net Income to Company	112,989	127,496	208,288	107,266	49,116	12,700
Minority Interest in Earnings	1,553	1,892	-	-	-	-
Net Income	114,542	129,388	208,288	107,266	49,116	12,700
Preferred Dividends & Other Adjustments	4,749	4,749	9,193	12,517	11,980	12,450
Net Income to Common	109,793	124,639	199,095	94,750	37,136	249.4
Net Income Growth	-12.16%	-37.88%	94.18%	118.40%	286.75%	-
Shares Outstanding (Basic)	18,819	19,285	19,285	19,285	19,285	19,285
Shares Outstanding (Diluted)	18,819	19,285	19,285	19,285	19,285	19,285
Shares Change (YoY)	-2.17%	-	-	-	-	-
EPS (Basic)	5.83	6.46	10.32	4.91	1.93	0.01
EPS (Diluted)	5.83	6.46	10.32	4.91	1.93	0.01
EPS Growth	-7.40%	-37.40%	110.13%	155.14%	14790.87%	-
Free Cash Flow	-	99,421	115,677	51,869	67,982	33,967
Free Cash Flow Per Share	-	5.16	6.00	2.69	3.52	1.76
Profit Margin	20.24%	22.18%	39.54%	24.44%	13.40%	0.10%
Free Cash Flow Margin	-	17.69%	22.97%	13.38%	24.53%	12.95%
EBITDA	200,368	213,885	182,161	102,031	99,187	86,764
EBITDA Margin	36.93%	38.06%	36.18%	26.31%	35.79%	33.09%
D&A For EBITDA	45,016	42,410	38,936	32,749	30,903	31,728
EBIT	155,352	171,475	143,225	69,282	68,285	55,036
EBIT Margin	28.63%	30.51%	28.44%	17.87%	24.64%	20.99%
Effective Tax Rate	21.41%	22.07%	-	-	25.32%	44.51%
Revenue as Reported	564,118	589,058	602,815	430,405	316,865	281,497

Source: S&P Global Market Intelligence. Utility template. Financial Sources.