Adani Power Q2 Profit Surges 141.5% to Rs 7,019 Crore on Higher Power Demand

The company also recorded strong revenue growth, with total reported revenue rising 39.4 per cent to Rs 19,950.60 crore from Rs 14,307.79 crore in Q2 FY26. Reported earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 45.7 per cent to Rs 8,743.22 crore.

On a continuing operations basis, revenue from operations grew 29.8 per cent to Rs 17,014.06 crore, while EBITDA rose 18.5 per cent to Rs 6,320.97 crore.

For the first half of FY27, the company reported a profit after tax of Rs 11,885.92 crore, compared with Rs 6,211.59 crore in the year-ago period. Total reported revenue increased 36 per cent to Rs 39,272.90 crore.

Commenting on the results, Adani Power CEO S.B. Khyalia said the company had achieved further milestones in profitability and project execution. He also highlighted the continuing importance of domestic coal-based power generation in meeting India's long-term electricity requirements.

Power Demand and Generation Increase

According to the company, India's electricity demand grew 11.5 per cent year-on-year to 502 billion units (BU) during the quarter. Coal- and lignite-based generation accounted for 66 per cent of the country's power supply, while peak demand rose 18 per cent to 270 GW.

Adani Power sold 26.4 billion units during Q2 FY27, up from 23.7 billion units in the corresponding period last year. Its plant load factor (PLF), which measures the utilisation of installed generation capacity, improved to 70.1 per cent from 62.8 per cent.

The company's operating capacity stood at 18,150 MW during the quarter.

Power Purchase Agreements Drive Sales

Power sales under power purchase agreements (PPAs) increased 29.7 per cent to 23.4 billion units. Average tariff realisation under these agreements improved 12.7 per cent to Rs 6.4 per kilowatt-hour.

Realisation from merchant and short-term power sales rose 33.1 per cent to Rs 7.2 per kilowatt-hour. However, volumes in this segment declined 43 per cent, which the company attributed to additional capacity being tied up through medium-term contracts.

The quarterly results reflect higher electricity sales, improved plant utilisation and stronger revenue realisation amid rising power demand.