Adani Power Ltd. reported a sharp 64% year-on-year jump in consolidated profit for fourth quarter at Rs 4,271 crore, driven by improved operational performance and lower tax expenses, even as power demand remained volatile during the quarter.
The company posted robust Ebitda growth of 27% year-on-year to Rs 6,498 crore, while revenue rose 10% year-on-year to Rs 15,989 crore, reflecting steady demand and improved realisations. Consolidated continuing revenue stood at Rs 15,059 crore compared to Rs 14,522 crore in the year-ago period.
Adani Power's consolidated continuing Ebitda came in at Rs 5,573 crore, up 9% year-on-year, highlighting resilience in core earnings despite subdued merchant power rates during the quarter.
Operationally, the company maintained steady growth. Power sale volume increased to 27.2 billion units (BU) in quarter ended March from 26.4 BU a year earlier. For the full financial year 2026, total power generation reached 105 BU, while consolidated power sales rose 3.4% YoY to 99.15 BU.
The company's performance comes amid a dynamic demand environment. Power consumption remained muted during the early part of the quarter due to colder weather and unseasonal rains, but demand picked up in March with the onset of warmer temperatures.
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A key highlight was the continued expansion of long-term power purchase agreements (PPAs), strengthening revenue visibility. During the quarter, Adani Power secured a 1,600 MW long-term PPA from a Maharashtra discom under the Design, Build, Finance, Own, and Operate (DBFOO) model. With this, total capacity tied up under PPAs reached 13.3 GW, including 10.4 GW secured during FY26. Notably, about 95% of the company's operating capacity is now contracted under PPAs.
Commenting on the results, CEO S B Khyalia said that global energy price shocks have reinforced the importance of energy security for India. He highlighted that thermal power continues to play a critical role in stabilising the grid and meeting peak demand, even as the country accelerates its renewable energy transition.
Adani Power is also progressing on its ambitious capacity expansion plans, targeting 23.7 GW, while maintaining a focus on long-term contracts and prudent capital allocation.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
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