Adani Power announced a Q3 FY26 consolidated profit after tax of ₹2,488.09 Crore, despite facing temporary demand disruptions. Revenue from operations stood at ₹12,451.44 Crore. The company raised ₹7,500 Crore through AA-rated NCDs and added a new PPA of 3.2 GW, increasing tied-up expansion capacity to 11.7 GW. Around 90% of existing capacity is now secured under PPAs.
Financial Performance Overview
Adani Power (APL) reported its financial results for the third quarter and nine months ended December 31, 2025. Despite challenges, the company maintained robust profitability. Key highlights include:
- Revenue from Operations: ₹12,451.44 Crore
- Other Income: ₹543.26 Crore
- Total Expenses: ₹10,049.68 Crore
- Profit Before Tax: ₹2,945.02 Crore
- Profit After Tax: ₹2,488.09 Crore
Key Business Developments
Several strategic initiatives were undertaken during the quarter:
- Capacity Expansion: Raised ₹7,500 Crore through AA-rated Non-Convertible Debentures (NCDs).
- New Power Purchase Agreement (PPA): Added a new PPA of 3.2 GW, bringing total expansion capacity tie-ups to 11.7 GW.
- Butibori Plant: The 600 MW Butibori plant became fully operational within four months of acquisition.
Operational Highlights
Despite a slight decrease in all-India power demand, Adani Power has sustained a stable performance:
- Installed Capacity: 18,150 MW
- Plant Load Factor (PLF): 62.6%
- Units Sold: 23.6 BU
Strategic Initiatives and Outlook
Adani Power is focused on long-term growth and has several key initiatives in place:
- Long-Term PPAs: Approximately 90% of the company’s operating capacity is secured under long-term and medium-term Power Purchase Agreements (PPAs), enhancing revenue stability.
- Assam PPA: Letter of Award received from Assam Power Distribution Company Limited (APDCL) for the supply of power from a 3,200 MW greenfield Ultra-supercritical thermal power plant.
Financial Ratios & Metrics
Key financial metrics for Q3 FY26 include:
- Continuing Revenue from Operations: ₹12,412.20 Crore
- Continuing EBITDA: ₹4,636.38 Crore
- Continuing Profit Before Tax: ₹2,800.07 Crore
- Profit After Tax: ₹2,488.09 Crore
Source: BSE
