Adani Power Ltd
NSE:ADANIPOWER
Income Statement
Earnings Waterfall
Adani Power Ltd
Income Statement
Adani Power Ltd
| Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
6 795
|
0
|
0
|
0
|
15 303
|
0
|
0
|
0
|
32 384
|
0
|
0
|
0
|
38 387
|
0
|
0
|
0
|
47 113
|
0
|
0
|
0
|
47 285
|
0
|
0
|
0
|
47 365
|
0
|
0
|
0
|
50 000
|
0
|
0
|
0
|
47 785
|
0
|
0
|
0
|
42 752
|
0
|
0
|
0
|
35 397
|
0
|
0
|
0
|
27 551
|
0
|
0
|
0
|
28 974
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
40 922
N/A
|
47 401
+16%
|
51 405
+8%
|
59 456
+16%
|
67 794
+14%
|
78 129
+15%
|
93 548
+20%
|
116 607
+25%
|
154 639
+33%
|
181 526
+17%
|
192 559
+6%
|
205 697
+7%
|
188 237
-8%
|
195 439
+4%
|
211 466
+8%
|
218 336
+3%
|
255 322
+17%
|
249 728
-2%
|
247 987
-1%
|
240 391
-3%
|
226 155
-6%
|
228 509
+1%
|
234 335
+3%
|
228 465
-3%
|
203 043
-11%
|
185 907
-8%
|
196 131
+5%
|
211 489
+8%
|
238 842
+13%
|
278 592
+17%
|
265 934
-5%
|
267 879
+1%
|
264 677
-1%
|
238 667
-10%
|
257 002
+8%
|
260 202
+1%
|
262 215
+1%
|
275 865
+5%
|
250 209
-9%
|
234 870
-6%
|
277 112
+18%
|
348 654
+26%
|
367 255
+5%
|
391 290
+7%
|
380 789
-3%
|
360 558
-5%
|
420 026
+16%
|
472 296
+12%
|
501 184
+6%
|
543 013
+8%
|
546 496
+1%
|
553 294
+1%
|
562 031
+2%
|
553 566
-2%
|
554 746
+0%
|
542 548
-2%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(22 630)
|
(30 008)
|
(37 501)
|
(44 655)
|
(51 165)
|
(55 214)
|
(64 843)
|
(80 253)
|
(100 193)
|
(109 910)
|
(114 393)
|
(118 790)
|
(125 583)
|
(126 104)
|
(136 199)
|
(140 965)
|
(155 013)
|
(142 118)
|
(141 631)
|
(140 944)
|
(155 831)
|
(151 803)
|
(152 725)
|
(151 503)
|
(137 265)
|
(115 450)
|
(121 968)
|
(134 997)
|
(173 510)
|
(192 902)
|
(191 823)
|
(190 003)
|
(189 215)
|
(172 990)
|
(164 745)
|
(166 085)
|
(160 986)
|
(168 902)
|
(171 942)
|
(155 045)
|
(162 958)
|
(187 703)
|
(206 173)
|
(231 467)
|
(265 965)
|
(257 880)
|
(273 865)
|
(294 300)
|
(295 684)
|
(304 134)
|
(306 101)
|
(305 423)
|
(315 847)
|
(304 810)
|
(305 482)
|
(299 371)
|
|
| Gross Profit |
18 291
N/A
|
17 394
-5%
|
13 904
-20%
|
14 801
+6%
|
16 628
+12%
|
22 916
+38%
|
28 706
+25%
|
36 355
+27%
|
54 446
+50%
|
71 616
+32%
|
78 167
+9%
|
86 908
+11%
|
62 654
-28%
|
69 334
+11%
|
75 265
+9%
|
77 369
+3%
|
100 309
+30%
|
107 610
+7%
|
106 356
-1%
|
99 447
-6%
|
70 324
-29%
|
76 706
+9%
|
81 610
+6%
|
76 962
-6%
|
65 777
-15%
|
70 457
+7%
|
74 164
+5%
|
76 494
+3%
|
65 332
-15%
|
85 692
+31%
|
74 112
-14%
|
77 876
+5%
|
75 462
-3%
|
65 679
-13%
|
92 259
+40%
|
94 119
+2%
|
101 229
+8%
|
106 963
+6%
|
78 267
-27%
|
79 825
+2%
|
114 154
+43%
|
160 951
+41%
|
161 082
+0%
|
159 824
-1%
|
114 823
-28%
|
102 678
-11%
|
146 161
+42%
|
177 997
+22%
|
205 499
+15%
|
238 880
+16%
|
240 395
+1%
|
247 871
+3%
|
246 184
-1%
|
248 756
+1%
|
249 264
+0%
|
243 177
-2%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(10 944)
|
(14 158)
|
(16 678)
|
(19 542)
|
(19 930)
|
(24 920)
|
(28 391)
|
(31 904)
|
(27 888)
|
(35 105)
|
(37 683)
|
(40 356)
|
(28 853)
|
(35 660)
|
(34 962)
|
(33 295)
|
(38 746)
|
(45 212)
|
(45 711)
|
(45 784)
|
(37 247)
|
(86 782)
|
(87 479)
|
(89 480)
|
(37 254)
|
(47 613)
|
(49 435)
|
(48 051)
|
(38 539)
|
(48 508)
|
(47 422)
|
(48 576)
|
(46 227)
|
(52 776)
|
(53 043)
|
(53 416)
|
(46 364)
|
(49 617)
|
(49 287)
|
(49 113)
|
(46 074)
|
(53 685)
|
(56 451)
|
(58 737)
|
(52 694)
|
(58 509)
|
(61 470)
|
(63 195)
|
(64 865)
|
(70 196)
|
(71 211)
|
(76 588)
|
(75 090)
|
(84 810)
|
(87 919)
|
(89 334)
|
|
| Selling, General & Administrative |
(5 039)
|
(808)
|
(1 088)
|
(1 305)
|
(7 032)
|
(1 631)
|
(1 884)
|
(2 087)
|
(7 615)
|
(2 582)
|
(2 740)
|
(3 010)
|
(10 189)
|
(7 224)
|
(7 405)
|
(7 505)
|
(11 383)
|
(3 772)
|
(3 824)
|
(3 851)
|
(9 908)
|
(3 533)
|
(3 722)
|
(3 643)
|
(9 472)
|
(3 855)
|
(3 517)
|
(3 504)
|
(9 950)
|
(3 681)
|
(3 836)
|
(4 048)
|
(15 165)
|
(4 362)
|
(4 370)
|
(4 351)
|
(12 806)
|
(4 354)
|
(4 442)
|
(4 545)
|
(13 058)
|
(4 942)
|
(5 245)
|
(5 504)
|
(16 800)
|
(5 868)
|
(5 944)
|
(6 034)
|
(21 732)
|
(7 058)
|
(7 238)
|
(7 842)
|
(25 079)
|
(7 932)
|
(8 096)
|
(8 142)
|
|
| Depreciation & Amortization |
(5 904)
|
(7 192)
|
(8 729)
|
(10 860)
|
(12 897)
|
(15 348)
|
(18 494)
|
(20 378)
|
(19 375)
|
(21 133)
|
(22 096)
|
(23 815)
|
(18 182)
|
(19 847)
|
(18 993)
|
(17 739)
|
(26 658)
|
(26 998)
|
(27 037)
|
(26 959)
|
(26 724)
|
(27 400)
|
(28 205)
|
(28 858)
|
(26 987)
|
(27 119)
|
(27 312)
|
(27 404)
|
(27 506)
|
(27 611)
|
(28 289)
|
(29 299)
|
(30 065)
|
(30 995)
|
(31 620)
|
(31 885)
|
(32 017)
|
(31 934)
|
(31 506)
|
(31 253)
|
(31 175)
|
(31 593)
|
(32 073)
|
(32 606)
|
(33 037)
|
(34 222)
|
(35 937)
|
(37 583)
|
(39 313)
|
(39 924)
|
(40 465)
|
(42 143)
|
(43 089)
|
(44 018)
|
(45 367)
|
(45 020)
|
|
| Other Operating Expenses |
0
|
(6 158)
|
(6 863)
|
(7 378)
|
0
|
(7 940)
|
(8 014)
|
(9 441)
|
(898)
|
(11 392)
|
(12 849)
|
(13 531)
|
(483)
|
(8 589)
|
(8 564)
|
(8 053)
|
(704)
|
(14 444)
|
(14 851)
|
(14 974)
|
(616)
|
(55 849)
|
(55 552)
|
(56 979)
|
(794)
|
(16 639)
|
(18 608)
|
(17 145)
|
(1 082)
|
(17 218)
|
(15 298)
|
(15 230)
|
(996)
|
(17 420)
|
(17 054)
|
(17 181)
|
(1 541)
|
(13 331)
|
(13 340)
|
(13 316)
|
(1 840)
|
(17 150)
|
(19 134)
|
(20 626)
|
(2 858)
|
(18 418)
|
(19 590)
|
(19 579)
|
(3 820)
|
(23 214)
|
(23 507)
|
(26 603)
|
(6 922)
|
(32 860)
|
(34 456)
|
(36 173)
|
|
| Operating Income |
7 347
N/A
|
3 234
-56%
|
(2 776)
N/A
|
(4 743)
-71%
|
(3 301)
+30%
|
(2 003)
+39%
|
315
N/A
|
4 451
+1 313%
|
26 558
+497%
|
36 510
+37%
|
40 483
+11%
|
46 551
+15%
|
33 801
-27%
|
33 674
0%
|
40 304
+20%
|
44 075
+9%
|
61 563
+40%
|
62 398
+1%
|
60 645
-3%
|
53 663
-12%
|
33 077
-38%
|
(10 077)
N/A
|
(5 871)
+42%
|
(12 520)
-113%
|
28 524
N/A
|
22 844
-20%
|
24 729
+8%
|
28 443
+15%
|
26 793
-6%
|
37 184
+39%
|
26 691
-28%
|
29 301
+10%
|
29 236
0%
|
12 901
-56%
|
39 214
+204%
|
40 702
+4%
|
54 865
+35%
|
57 347
+5%
|
28 981
-49%
|
30 712
+6%
|
68 080
+122%
|
107 266
+58%
|
104 630
-2%
|
101 087
-3%
|
62 129
-39%
|
44 169
-29%
|
84 691
+92%
|
114 801
+36%
|
140 634
+23%
|
168 684
+20%
|
169 185
+0%
|
171 283
+1%
|
171 095
0%
|
163 946
-4%
|
161 345
-2%
|
153 843
-5%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(6 805)
|
(14 743)
|
(12 132)
|
(13 162)
|
(14 210)
|
(22 079)
|
(33 384)
|
(36 241)
|
(37 622)
|
(42 263)
|
(44 008)
|
(50 033)
|
(41 373)
|
(51 130)
|
(54 012)
|
(52 414)
|
(50 717)
|
(59 674)
|
(57 506)
|
(58 624)
|
(49 357)
|
(58 573)
|
(58 124)
|
(57 934)
|
(45 875)
|
(55 255)
|
(55 434)
|
(56 630)
|
(35 109)
|
(56 161)
|
(55 357)
|
(54 277)
|
(39 359)
|
(53 849)
|
(54 226)
|
(52 232)
|
(33 631)
|
(47 827)
|
(43 951)
|
(41 864)
|
(1 016)
|
(38 499)
|
(36 916)
|
(36 228)
|
13 309
|
(33 936)
|
(34 639)
|
(33 145)
|
62 454
|
(33 161)
|
(32 345)
|
(33 945)
|
(10 440)
|
(33 852)
|
(34 200)
|
(31 645)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
241
|
241
|
241
|
261
|
20
|
0
|
(1 264)
|
(1 284)
|
(1 284)
|
(169)
|
1 095
|
1 095
|
1 095
|
0
|
0
|
0
|
0
|
(40 767)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10 042)
|
(10 030)
|
(10 030)
|
(10 030)
|
12
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
29
|
0
|
0
|
0
|
69
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(200)
|
0
|
0
|
0
|
(84)
|
0
|
0
|
0
|
(351)
|
0
|
0
|
0
|
(296)
|
0
|
0
|
0
|
(483)
|
0
|
0
|
0
|
(196)
|
0
|
0
|
0
|
(468)
|
0
|
0
|
0
|
(517)
|
0
|
0
|
0
|
(469)
|
0
|
0
|
0
|
(1 129)
|
0
|
0
|
0
|
|
| Total Other Income |
(567)
|
1 739
|
1 918
|
2 271
|
(981)
|
2 148
|
2 317
|
2 388
|
(1 686)
|
2 217
|
1 838
|
1 645
|
(5 232)
|
2 529
|
2 586
|
2 469
|
(6 899)
|
1 967
|
2 573
|
2 968
|
(5 471)
|
4 451
|
6 069
|
6 196
|
(3 088)
|
8 610
|
10 811
|
12 960
|
(1 147)
|
25 575
|
29 813
|
28 042
|
(2 013)
|
13 167
|
14 603
|
15 550
|
1 849
|
24 203
|
17 653
|
17 936
|
(825)
|
51 169
|
61 310
|
64 241
|
1 826
|
95 848
|
101 276
|
99 657
|
5 297
|
33 451
|
21 239
|
29 224
|
4 069
|
26 490
|
27 760
|
21 570
|
|
| Pre-Tax Income |
3
N/A
|
(9 771)
N/A
|
(12 991)
-33%
|
(15 393)
-18%
|
(18 182)
-18%
|
(21 693)
-19%
|
(30 491)
-41%
|
(29 382)
+4%
|
(12 749)
+57%
|
(4 801)
+62%
|
(2 972)
+38%
|
(3 122)
-5%
|
(12 978)
-316%
|
(13 831)
-7%
|
(10 025)
+28%
|
(4 774)
+52%
|
3 747
N/A
|
4 690
+25%
|
5 710
+22%
|
(1 993)
N/A
|
(62 602)
-3 041%
|
(64 198)
-3%
|
(57 925)
+10%
|
(64 258)
-11%
|
(20 789)
+68%
|
(23 802)
-14%
|
(19 895)
+16%
|
(15 228)
+23%
|
(9 759)
+36%
|
(3 445)
+65%
|
(8 884)
-158%
|
(6 965)
+22%
|
(22 649)
-225%
|
(27 768)
-23%
|
(409)
+99%
|
4 019
N/A
|
22 887
+469%
|
33 720
+47%
|
2 682
-92%
|
6 783
+153%
|
65 771
+870%
|
119 936
+82%
|
129 024
+8%
|
129 100
+0%
|
76 747
-41%
|
106 081
+38%
|
151 328
+43%
|
181 313
+20%
|
207 915
+15%
|
168 974
-19%
|
158 079
-6%
|
166 562
+5%
|
163 595
-2%
|
156 583
-4%
|
154 904
-1%
|
143 768
-7%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(2 948)
|
(3 164)
|
(4 397)
|
(4 622)
|
(4 768)
|
(5 064)
|
(4 256)
|
(4 624)
|
10 790
|
11 791
|
12 694
|
14 006
|
0
|
2 225
|
2 359
|
2 490
|
1 761
|
153
|
50
|
(21)
|
861
|
254
|
257
|
235
|
52
|
(681)
|
(3 865)
|
(7 306)
|
(85)
|
(781)
|
828
|
3 692
|
(99)
|
829
|
(4 289)
|
(4 580)
|
(10 188)
|
(11 415)
|
(4 963)
|
(3 991)
|
(16 656)
|
(25 804)
|
(25 631)
|
(27 803)
|
30 519
|
40 981
|
54 720
|
52 027
|
373
|
(9 152)
|
(31 224)
|
(37 686)
|
(36 099)
|
(35 164)
|
(37 395)
|
(30 779)
|
|
| Income from Continuing Operations |
(2 945)
|
(12 935)
|
(17 389)
|
(20 016)
|
(22 950)
|
(26 758)
|
(34 747)
|
(34 005)
|
(1 959)
|
6 991
|
9 723
|
10 884
|
(12 978)
|
(11 606)
|
(7 666)
|
(2 284)
|
5 508
|
4 844
|
5 760
|
(2 014)
|
(61 741)
|
(63 943)
|
(57 666)
|
(64 022)
|
(20 738)
|
(24 484)
|
(23 761)
|
(22 534)
|
(9 844)
|
(4 227)
|
(8 057)
|
(3 273)
|
(22 748)
|
(26 939)
|
(4 697)
|
(560)
|
12 700
|
22 307
|
(2 280)
|
2 792
|
49 116
|
94 132
|
103 394
|
101 296
|
107 266
|
147 062
|
206 048
|
233 340
|
208 288
|
159 822
|
126 855
|
128 876
|
127 496
|
121 420
|
117 509
|
112 989
|
|
| Income to Minority Interest |
72
|
150
|
268
|
268
|
0
|
0
|
0
|
(198)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
343
|
1 514
|
1 892
|
2 689
|
2 809
|
1 553
|
|
| Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(103)
|
(292)
|
(292)
|
(292)
|
(189)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
(2 873)
N/A
|
(12 786)
-345%
|
(17 121)
-34%
|
(19 748)
-15%
|
(22 950)
-16%
|
(26 835)
-17%
|
(34 945)
-30%
|
(34 203)
+2%
|
(2 906)
+92%
|
6 045
N/A
|
8 777
+45%
|
9 938
+13%
|
(8 156)
N/A
|
(6 784)
+17%
|
(2 844)
+58%
|
2 538
N/A
|
5 508
+117%
|
4 844
-12%
|
5 760
+19%
|
(2 014)
N/A
|
(61 741)
-2 966%
|
(63 943)
-4%
|
(57 665)
+10%
|
(64 123)
-11%
|
(21 030)
+67%
|
(24 775)
-18%
|
(24 053)
+3%
|
(22 724)
+6%
|
(9 844)
+57%
|
(4 227)
+57%
|
(8 057)
-91%
|
(3 273)
+59%
|
(22 748)
-595%
|
(26 939)
-18%
|
(4 697)
+83%
|
(560)
+88%
|
12 700
N/A
|
22 307
+76%
|
(2 280)
N/A
|
2 792
N/A
|
49 116
+1 659%
|
94 132
+92%
|
103 394
+10%
|
101 296
-2%
|
107 266
+6%
|
147 062
+37%
|
206 048
+40%
|
233 340
+13%
|
208 288
-11%
|
159 822
-23%
|
127 198
-20%
|
130 390
+3%
|
129 388
-1%
|
124 108
-4%
|
120 318
-3%
|
114 542
-5%
|
|
| EPS (Diluted) |
-0.26
N/A
|
-1.17
-350%
|
-1.57
-34%
|
-1.65
-5%
|
-1.91
-16%
|
-1.86
+3%
|
-2.43
-31%
|
-2.38
+2%
|
-0.2
+92%
|
0.42
N/A
|
0.61
+45%
|
0.69
+13%
|
-0.56
N/A
|
-0.47
+16%
|
-0.19
+60%
|
0.17
N/A
|
0.36
+112%
|
0.29
-19%
|
0.33
+14%
|
-0.11
N/A
|
-3.56
-3 136%
|
-3.31
+7%
|
-2.98
+10%
|
-3.32
-11%
|
-1.09
+67%
|
-1.28
-17%
|
-1.24
+3%
|
-1.3
-5%
|
-0.51
+61%
|
-0.38
+25%
|
-0.41
-8%
|
-0.16
+61%
|
-1.17
-631%
|
-1.87
-60%
|
-0.24
+87%
|
-0.02
+92%
|
0.65
N/A
|
1.15
+77%
|
-0.11
N/A
|
0.14
N/A
|
2.54
+1 714%
|
4.88
+92%
|
5.36
+10%
|
5.25
-2%
|
5.56
+6%
|
7.35
+32%
|
10.29
+40%
|
11.26
+9%
|
10.8
-4%
|
7.94
-26%
|
6.26
-21%
|
6.54
+4%
|
6.71
+3%
|
6.32
-6%
|
6.23
-1%
|
5.95
-4%
|
|