Adani Power Limited (APL), India's largest private thermal power producer, has announced its financial results for the first quarter, demonstrating resilience in the face of challenging market conditions.

Financial Highlights

APL reported consolidated revenue of ₹14,167.00 crores and EBITDA of ₹5,744.00 crores for Q1. The company's revenue was affected by lower merchant tariffs and import coal prices compared to the previous year.

Operational Performance

APL's power generation stood at 25.7 billion units with plant availability maintained above 91%. The company's operating capacity has increased to 18,150 MW following the completion of the acquisition of 600 MW VIPL capacity.

Strategic Developments

1. Adani Power signed a new 1,500 MW Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited for 25 years.

2. The company received AA credit ratings from multiple agencies including ICRA, CARE, and India Ratings.

3. Net debt to continuing EBITDA ratio stood at 1.78 times as of June.

Market Performance

Adani Power continues to strengthen its position in India's power sector through strategic acquisitions and long-term agreements. The company's focus on operational excellence and financial prudence is reflected in its credit ratings and debt management.

As Adani Power navigates through market challenges, its commitment to expanding capacity and securing long-term contracts positions the company to play a crucial role in India's evolving energy landscape.

Adani Power Ltd., a major player in India's power sector, has approved a stock split, marking a significant development for the company.

Approved Stock Split

Adani Power has approved a stock split in the ratio of 1:5. This decision means that each existing share will be divided into 5 shares, reducing the individual share price while maintaining the total value of shareholders' holdings.

Understanding the Stock Split

A stock split is a corporate action that divides a company's existing shares into multiple shares. This process effectively lowers the price per share while increasing the number of outstanding shares proportionately. The primary aim of a stock split is to improve liquidity by making shares more accessible to a broader range of investors.

Potential Impact on Share Price and Liquidity

With the approved stock split, Adani Power's shares are expected to see:

• A reduction in the price per share
• An increase in the number of tradeable shares
• Potentially improved liquidity in the stock

Market Response

The stock split approval is a significant development for Adani Power. Investors and market watchers will be closely analyzing this development to assess its impact on the company's market position and shareholder value.

As Adani Power implements this corporate action, stakeholders will continue to monitor the company's performance and strategic decisions in the coming months.