Adani Power reported a consolidated net profit of ₹6,919 crore for the second quarter of the current financial year, more than doubling its profit from ₹2,953 crore a year earlier. This significant increase was supported by a deferred tax credit of ₹459 crore during the quarter.
- Net profit rose 134% to ₹6,919 crore in Q2 FY27.
- Revenue from operations increased 45% to ₹19,439 crore.
- EBITDA jumped 60% to ₹8,231 crore with a margin improvement to 42.34%.
- Power sale volume grew 11.5% to 26.4 billion units.
- New power supply agreements secured in Uttarakhand and Bhutan.
How did Adani Power's revenue and profit change in Q2 FY27?
Adani Power's revenue from operations advanced 45% to ₹19,439 crore in the quarter ending September 2026, up from ₹13,457 crore in the same period last year. The net profit more than doubled, increasing by 134% to ₹6,919 crore, boosted partly by a deferred tax credit of ₹459 crore.
What was the change in EBITDA and operating performance?
The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 60% to ₹8,231 crore, compared to ₹5,150 crore in the previous year. The EBITDA margin improved by 410 basis points, reaching 42.34% from 38.2%, indicating stronger operational efficiency.
What new power agreements did Adani Power secure?
During the quarter, Adani Power received a letter of award from Uttarakhand Power Corporation Limited for a 25-year power supply agreement of 1,320 MW (1,234 MW net). The company was also selected as the successful resolution applicant for GVK Energy's 330 MW Alaknanda Hydroelectric power plant in Uttarakhand.
Additionally, Adani Power signed a shareholders’ agreement with Druk Green Power Corporation to set up the 770 MW Chamkarchhu Hydropower Project in Thimphu, Bhutan, through a joint entity with a 49:51 ownership split.
How did power sales and demand perform during the quarter?
Consolidated power sale volume increased by 11.5% to 26.4 billion units (BU) in Q2 FY27, supported by strong power demand growth in India. The country’s power demand grew 11.5% year-on-year to 502 BU, driven by rapid economic growth and a weak monsoon season.
Power generation increased by 11% to 536 BU, with coal and lignite-fired generation contributing 66% of supply, up from 65% the previous year due to lower hydropower availability.
Peak power demand reached 270 GW, up 18% from 230 GW in Q2 FY26. Large states such as Uttar Pradesh and Maharashtra each accounted for 27 GW of peak demand, followed by Gujarat (23 GW), Tamil Nadu (20 GW), and Karnataka (16 GW).
What was the market reaction to the earnings announcement?
Following the earnings announcement, Adani Power shares traded 1.88% lower at ₹181. The company remains a leading power generator in India with strong operational and financial growth.
