Adani Power’s stock price surged 8% during trading on Tuesday, June 10; here’s what drove this movement

The share price of Adani Power experienced a spike today, fueled by substantial trading activity. Around 3.28 million shares, valued at ₹194.94 crore, had been exchanged on the BSE by 1:50 PM.

Adani Power shares attracted significant interest on Tuesday, June 10, 2025, with the stock climbing up to 8.29% to reach an intraday peak of ₹610 per share.

By 1:55 PM, Adani Power shares were still showing an upward trend, increasing by 6.81% to ₹601.65 per share. In contrast, the BSE Sensex remained relatively stable with a slight positive shift at 82,479.82 levels.

What factors contributed to the surge in Adani Power’s share price?

The share price of Adani Power rose significantly today amid heavy trading activity. By 1:50 PM, approximately 3.28 million shares worth ₹194.94 crore had been traded on the BSE. Likewise, around 22.66 million shares valued at ₹1,346.81 crore were transacted on the NSE.

A number of other stocks within the Adani Group also experienced gains during today’s trading session. Adani Enterprises saw an increase of 3.13% to ₹2,663 per share, while Adani Green Energy rose by 4.17% to ₹1,077.20. Adani Ports went up by 1.83% to ₹1,493.85, and Adani Total Gas gained 4.43% to reach ₹721.50. Adani Wilmar climbed 2.59% to ₹274.80, and ACC saw a slight increase of 1.03% to ₹1,926.25.

Additionally, in May, Adani Power obtained a Letter of Award (LOA) from the Uttar Pradesh Power Corporation Limited (UPPCL) for the supply of 1,500 MW from a new thermal power project with an installed capacity of 2x800MW (1600 MW) located in Uttar Pradesh, spanning a period of 25 years.

On April 30, Adani Power disclosed its financial results for the March quarter of FY25 (Q4FY25), reporting a 3.7% year-on-year decline in consolidated net profit attributable to shareholders, totaling ₹2,637 crore for the January-March quarter of FY25 (Q4FY25). This drop was influenced by an increase in other expenses. In the same quarter of the previous year (Q4FY24), the company had recorded a profit of ₹2,737.96 crore.

The revenue from operations saw a year-on-year increase of 6.5% to ₹14,237 crore. However, other income decreased significantly by 42.4% to ₹298 crore.

The ongoing EBITDA for the quarter fell by 3.31% to ₹5,098 crore, impacted by reduced merchant tariffs, elevated operating costs at newly acquired plants, and corporate social responsibility (CSR) expenditures.

Power sales under long-term power purchase agreements (PPAs) rose 14.8% year-on-year to 20.8 billion units (BU), driven by increased capacity and heightened demand.

Total expenses increased by 9.2% year-on-year, reaching ₹11,274.32 crore. As of March 31, 2025, net debt was recorded at ₹31,023 crore, up from ₹26,545 crore the previous year, primarily due to borrowings related to acquisitions (notably KPL) and increased working capital requirements stemming from business growth.