Adani Power Limited has reported a strong performance for Q4 FY26, with a consolidated profit after tax of ₹12,971 crore for the full financial year. The company recorded a robust EBITDA of ₹6,498 crore in the fourth quarter, marking a significant 27% year-over-year increase. With 95% of its operating capacity now tied to long-term and medium-term agreements, the company is well-positioned for future stability as it executes its 23.7 gigawatt thermal expansion program.
Financial Performance Highlights
Adani Power demonstrated strong operational resilience during the financial year 2025-26. The company achieved a milestone by generating 105 billion units of power. For Q4 FY26, the company reported a revenue of ₹15,059 crore, reflecting a 4% year-on-year growth. Reported EBITDA for the same period stood at ₹6,498 crore, a notable 27% improvement over the previous year, supported by cost discipline and contribution from recently acquired assets.
Strategic Capacity Expansion
The company remains committed to its goal of adding 23.7 gigawatts of thermal capacity by 2032. Key infrastructure projects are progressing well: the 1,600-megawatt Mahan Phase-II project in Madhya Pradesh has reached 86% completion, while the Raipur Phase-II and Raigarh Phase-II projects have achieved 54% and 47% progress, respectively. Additionally, the company expects to commission the Korba Phase-II project within the current year.
Revenue Visibility and Future Outlook
Adani Power has secured high revenue visibility with 95% of its 18.15 gigawatt operating capacity now tied up under long-term and medium-term power purchase agreements (PPAs). Management expects stronger power demand in FY27 and is exploring new growth avenues, including hydroelectric projects in Bhutan and emerging opportunities in the nuclear power sector. The company maintains a conservative capital allocation strategy, aiming to become increasingly debt-efficient as it scales its operations towards a target of 42 gigawatts by FY31-32.
Source: BSE
