Adani Power’s Q2 net profit jumps 141.5pc on strong demand, higher tariffs

 
India’s largest private-sector thermal power producer, Adani Power Ltd, reported a 141.5% year-on-year rise in net profit to Rs 7,019.32 crore (Tk 9,125.12 crore) in the July-September quarter of fiscal 2026-27, driven by strong power demand, higher tariffs and a one-time income boost. First-half net profit rose 91.4% to Rs 11,885.92 crore (Tk 15,451.70 crore).

Revenue from continuing operations increased 29.8% to Rs 17,014.06 crore (Tk 22,118.28 crore), while continuing EBITDA rose 18.5% to Rs 6,320.97 crore (Tk 8,217.26 crore). Including Rs 2,422.25 crore (Tk 3,148.93 crore) in prior-period income, reported revenue grew 39.4% to Rs 19,950.60 crore (Tk 25,935.78 crore), and reported EBITDA climbed 45.7% to Rs 8,743.22 crore (Tk 11,366.19 crore), says a press release. 

India’s power demand rose 11.5% to 502 billion units during the quarter, while peak demand reached 270 GW, up from 230 GW. Adani Power’s plant load factor improved to 70.1% from 62.8%, and electricity sales increased to 26.4 billion units from 23.7 billion units.

Sales under long-term power purchase agreements rose 29.7% to 23.4 billion units, with tariff realisation increasing 12.7% to Rs 6.4 per kWh. Merchant and short-term tariff realisation climbed 33.1% to Rs 7.2 per kWh, although volumes fell 43%.

Fuel costs increased 41.8% to Rs 10,229.38 crore (Tk 13,298.19 crore), mainly due to higher generation and a 50% rise in imported coal costs. Finance costs declined 9.7% to Rs 760.23 crore (Tk 988.30 crore). Total debt stood at Rs 61,860.37 crore (Tk 80,418.48 crore) on September 30, while net debt reached Rs 45,845.92 crore (Tk 59,599.70 crore).