Adani Power Limited (APL), a key player in India’s energy landscape and part of the Adani portfolio of companies, announced a robust set of results for the second quarter of FY26, marked by higher sales volumes, stable earnings, and continued capacity expansion.
The company’s ability to deliver consistent performance despite volatile market conditions reinforces its leadership and operational strength in India’s power sector.
During Q2 FY26, Adani Power achieved a 7.4% year-on-year increase (YoY) in consolidated power sales to 23.7 billion units (BU), overcoming a challenging environment caused by early and prolonged monsoons that tempered power demand growth.
Total revenue rose to ₹14,308 crore, up from ₹14,063 crore in Q2 FY25, supported by efficient operations and expanded capacity, despite lower merchant tariffs and subdued import coal prices.
EBITDA remained stable at ₹6,001 crore, while the company delivered a strong Profit After Tax (PAT) of ₹2,906 crore, underscoring its financial resilience.
In a major growth milestone, Adani Power secured 4.5 GW of new long-term Power Purchase Agreements (PPAs) — 2,400 MW with Bihar DISCOM, 1,600 MW with Madhya Pradesh DISCOM and 570 MW with Karnataka DISCOM (by October 2025).
Additionally, the acquisition of 600 MW Vidarbha Industries Power Limited through the Corporate Insolvency Resolution Process has taken APL’s total operational capacity to 18,150 MW, strengthening its national footprint.
For the first half of FY26, Adani Power’s total sales stood at 48.3 BU, up 4.4% year-on-year, with revenue at ₹28,882 crore and PAT at ₹6,212 crore, reaffirming the company’s steady trajectory.
Commenting on the results, S. B. Khyalia, CEO, Adani Power Limited, said, “Adani Power has once again demonstrated robust and stable financial performance this quarter, highlighting our operational efficiency and strategic discipline. With 4.5 GW of new PPAs and a clear roadmap to expand to 42 GW by FY32, we are accelerating towards our goal of powering India’s growth sustainably and reliably.”
Despite slower all-India demand growth of just 3.2% in Q2 FY26 due to weather anomalies, Adani Power’s consistent operational performance and disciplined expansion strategy continue to position it at the forefront of India’s energy transformation.
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