Abhishek Sinha
Adani Power Limited, part of the Adani Group, announced its financial results for the quarter ending September 30, 2025 (Q2 FY26), reporting a year-on-year (YoY) decline of 11% in consolidated net profit to ₹2,953 crore. The company had posted a net profit of ₹3,332 crore in the same quarter last year.
Revenue from operations stood at ₹13,457 crore during the September quarter, showing a marginal increase of 0.9% compared to ₹13,339 crore in the corresponding period of the previous financial year.
EBITDA and Financial Performance
The company reported a consolidated EBITDA of ₹6,001 crore for Q2 FY26, nearly unchanged from ₹6,000 crore in the same period last year. Adani Power said this stability came despite higher operating costs linked to recent acquisitions, reflecting its strong operational efficiency and disciplined cost management amid integration challenges.
Management Commentary
Commenting on the quarterly results, S. B. Khyalia, CEO of Adani Power Limited, said:
“Adani Power has once again delivered robust and stable financial results this quarter despite weather-related fluctuations in demand. We continue to strengthen our market position, having secured an additional 4.5 GW of new long-term PPAs under the SHAKTI scheme. Our solid profitability and liquidity enable us to advance our enhanced capacity expansion target of 42 GW by FY2031-32.
“We have already finalized equipment orders and land acquisition for our 23.7 GW expansion projects, with implementation progressing rapidly. Adani Power remains committed to driving India’s power sector growth and ensuring reliable, scalable, and sustainable electricity supply for the nation.”
Operational and Strategic Updates
- The company recently signed a 25-year Power Supply Agreement (PSA) for 2,400 MW (gross) capacity with Bihar State Power Generation Company Limited (BSPGCL). The supply will come from a new 2,400 MW greenfield Ultra-Supercritical Thermal Power Project (USCTPP) at Pirpainti in Bhagalpur district, Bihar.
- Adani Power also completed a stock split on September 22, 2025, in a 1:5 ratio, converting each ₹10 face value equity share into five shares of ₹2 each.
Following the split, the total number of equity shares increased from 3.85 billion to 19.28 billion shares.
Outlook
With a clear roadmap for capacity expansion and a stable operational base, Adani Power aims to maintain growth momentum while contributing significantly to India’s energy transition and power reliability goals.
