Adani Power announced its Q3 FY26 results, reporting a Profit After Tax (PAT) of ₹2,488 Crore. The company cited robust profitability despite temporary demand disruption. Adani Power also raised ₹7,500 Crore through AA-rated NCDs for capacity expansion and added a new PPA of 3.2 GW, bringing total expansion capacity tie-ups to 11.7 GW. Existing capacity tied up in PPAs is now 90%.
Financial Performance Highlights
Adani Power (APL) reported robust financial results for Q3 FY26, demonstrating resilience in the face of challenging market conditions:
- Stable Continuing Revenue at ₹12,717 Crore.
- Robust Continuing EBITDA at ₹4,636 Crore.
- Strong Profit After Tax at ₹2,488 Crore.
Key Operational Achievements
The company also achieved significant milestones on the operational front:
- New Long-Term Power Purchase Agreement awarded for 3,200 MW from Assam DISCOM.
- Consolidated power sale volume of 23.6 BUs.
- Fully operational 600 MW Butibori plant within four months of acquisition.
Strategic Financial Moves
Adani Power is actively strengthening its financial position and expanding its capacity:
- Raised ₹7,500 Crore through AA-rated NCDs for capacity expansion.
- Added new PPA of 3.2 GW, taking expansion capacity tie-ups to 11.7 GW.
- Existing capacity now 90% tied up in PPAs.
Power Market Overview
The company noted some shifts in the power market:
- All-India power demand was 0.1% lower due to extended monsoons and cooler temperatures.
- The average Market Clearing Price in IEX Day Ahead Market down by 13.2%.
Nine-Month Performance
The company’s performance over the first nine months of the fiscal year was also strong:
- Continuing Total Revenue for 9M FY26 at ₹40,524 Crore.
- Consolidated Continuing EBITDA for 9M FY26 at ₹15,713 Crore.
- Profit Before Tax of ₹9,896 Crores.
- Consolidated Profit After Tax for 9M FY26 at ₹8,700 Crore.
Source: BSE
