Adani Power Limited (APL) announced its Q3 FY26 results, highlighting strong operational resilience amid demand volatility. The company reported a Continuing EBITDA of ₹15,713 Cr and a Profit After Tax of ₹8,700 Cr. Key operational metrics included O&M Availability of 88% and Generation Performance (PLF) of 63%. The company’s focus remains on maintaining stable earnings and capitalizing on future growth opportunities.
Financial Highlights
Adani Power Limited (APL) reported a Continuing Revenue of ₹40,524 Cr for Q3 FY26, along with a Continuing EBITDA of ₹15,713 Cr. Profit After Tax stood at ₹8,700 Cr for the same period. The company highlighted the impact of lower power selling rates due to import coal price decline and lower merchant demand.
Operational Performance
Key operational achievements for Q3 FY26 included an O&M Availability of 88% and a Generation Performance (PLF) of 63%. The company demonstrated strong dispatch performance, supported by higher operating capacity. Sales Volume Mix remained consistent, with 78% under contracted PPAs.
Debt and Capital Structure
Adani Power maintains a healthy credit strength with a Net Debt of ₹38,679 Cr. The company issued AA rated NCDs to fund capacity expansion and other corporate purposes. The Net Debt to Continuing EBITDA ratio stands at 1.86x.
Capacity Expansion and Future Outlook
Adani Power is focused on expanding its capacity, with 23,720 MW locked-in capacity. The company secured a single 3,200 MW PPA with Assam Power Distribution Company Limited (APDCL). The company is well-positioned to capitalize on India’s increasing demand for baseload power, with a strong project portfolio and execution capabilities.
ESG Initiatives
APL achieved a water intensity of 2.20 m³/MWh in Q3 FY26, which is 37% lower than the Statutory Limit for Hinterland plants. The company received an ESG rating score of 65, placing the Company in the ‘Aspiring’ category.
Source: BSE
