Adani Power announced its Q2 FY27 results, reporting a significant 141.5% year-on-year increase in Profit After Tax (PAT) to ₹7,019 Crore. This strong performance was driven by a 28.5% rise in continuing revenue to ₹17,528 Crore and an 18.5% growth in continuing EBITDA to ₹6,321 Crore, reflecting improved operational efficiency and strong market demand.
Adani Power Reports Robust Q2 FY27 Financial Performance
Adani Power Limited (APL) has announced its financial results for the second quarter of the financial year 2026-27 (Q2 FY27), showcasing substantial year-on-year growth across key financial metrics. The company reported a sharp increase in Profit After Tax (PAT), which surged by 141.5% to ₹7,019 Crore for the quarter ended September 30, 2026, compared to ₹2,906 Crore in Q2 FY26. This growth was fueled by strong operational performance and the recognition of prior period revenue.
Revenue and EBITDA Growth
Continuing Revenue from Operations for Q2 FY27 increased by 29.8% to ₹17,014.06 Crore, up from ₹13,106.34 Crore in the corresponding quarter of the previous year. This growth was attributed to higher power volumes, improved PPA tariffs, and enhanced merchant realization, supported by increased power demand and rising import coal prices. Overall, Total Continuing Revenue saw a 28.5% increase to ₹17,528.35 Crore.
Continuing EBITDA also demonstrated strong momentum, growing by 18.5% to ₹6,320.97 Crore in Q2 FY27, compared to ₹5,332.71 Crore in Q2 FY26. This improvement highlights the company’s core profitability strength despite higher fuel costs. Reported EBITDA saw a significant rise of 45.7% to ₹8,743.22 Crore.
Key Financial Drivers
The increase in revenue and EBITDA was driven by higher power demand and improved tariffs. Fuel costs, however, rose by 41.8% in Q2 FY27 due to increased volumes and a 50% higher landed cost of imported coal. Despite this, Adani Power maintained control over operating expenses. A notable factor contributing to the reported profit was a one-time prior period revenue recognition of ₹2,422.25 Crore in Q2 FY27, related to historical energy charges under certain PPAs.
Consolidated Financial Highlights (Q2 FY27 vs. Q2 FY26)
- Revenue: Continuing Revenue up 29.8% to ₹17,014.06 Crore; Total Continuing Revenue up 28.5% to ₹17,528.35 Crore.
- EBITDA: Continuing EBITDA up 18.5% to ₹6,320.97 Crore; Reported EBITDA up 45.7% to ₹8,743.22 Crore.
- Profit After Tax: Profit After Tax up 141.5% to ₹7,019.32 Crore.
- Operating Capacity: Maintained at 18,150 MW.
- Plant Load Factor (PLF): Increased to 70.1% from 62.8%.
- Units Sold: Increased by 11.5% to 26.4 BU.
Business Updates
The company also highlighted several key business updates, including the receipt of a Letter of Award for a 25-year Power Supply Agreement for 1,320 MW, selection as a Successful Resolution Applicant for GVK Energy Limited, and the signing of a Shareholders’ Agreement for a hydropower project in Bhutan. Adani Power’s credit rating was upgraded to “AA+; Stable” by CARE Ratings and India Ratings, reflecting its strong financial and operational performance.
The amalgamation of Adani Power Limited with its ten wholly owned subsidiaries has become effective as of 25th September 2026.
Source: BSE
