Investor Presentaiton
Q2 FY 2019-20: Key Highlights
Operational:
.
•
Mundra: Phase III capacity (1,320 MW) utilized for
supplying power in merchant market
Tiroda: Running on 100% domestic coal
Kawai and Udupi: Lower grid demand due to extended
monsoons
Financial:
Lower PLF at Udupi and lower one time recognition of
compensatory tariffs led to revenue decline
Recognition of carrying cost in APRL following APTEL
order
Lower level and utilization of debt led to reduction in
finance cost
Regulatory:
Tiroda: MERC allowed compensation under change in
law for de-allocation of Lohara captive coal block
Kawai: APTEL allowed compensation for change in law
for domestic coal shortfall with carrying costs
Mundra: SC upheld termination of GUVNL Bid-2 PPA
and directed CERC to grant compensatory tariff
Strategic:
Acquisition of 1,370MW GMR Chhattisgarh Energy Ltd
and 600MW Korba West Power Company Ltd
Operating
adani
Power
Q2
Q2
H1
H1
performance*
FY20
FY19
FY20
FY19
Declared
Capacity (%)
79%
77%
84%
59%
PLF (%)
63%
65%
69%
52%
Power
14.73
15.09 32.46
23.76
Generation
(BUS)
Coal
Consumed
(MMT)
8.63
9.04
18.67
14.01
Financial
Q2
performance
FY20
Q2
FY19
H1
FY20
H1
FY19
Revenue
(Rs Cr)
6,815
7,657 14,830 11,617
Fuel cost
(Rs Cr)
3,926
3,987 8,634 6,101
2,248
2,806
5,142 4,095
EBITDA
(Rs Cr)
Finance cost
(Rs Cr)
1,326
1,407
2,648 2,769
PBT (Rs Cr)
158
702
36
(51)
PAT (Rs Cr)
4
387
(260)
(438)
* Excludes performance of 1,370 MW Raipur Energen Ltd. (formerly known as GMR Chhattisgarh Energy Ltd.), which was acquired in August 2019
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