Adani Power Q2 earnings: Net profit declines 11%, revenue rises 1%, EBITDA drops 2%

Billionaire Gautam Adani-backed Adani Power on Thursday, October 20, reported a net profit of ₹2,953 crore in the second quarter of current financial year, marking a decline of 11% from ₹3,332 crore in the same period last year.

The decline in profit came on the back of rise in total expenditure which rose 4% to ₹10,342 crore from ₹9,929 crore in the year-ago period.

The company's revenue from operations advanced 1% to ₹13,457 crore in July-September period from ₹13,339 crore in the same period last year.

Adani Ports' operating profit also known as EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) declined 2% to ₹5,150 crore from ₹5,276 crore. Its EBITDA margin contracted by 130 basis points to 38.27% as against 39.55% in the second quarter of last year.

During the quarter, Adani Power signed new long term power purchase agreements with Bihar, Madhya Pradesh and Karnataka DISCOMS and it acquired 600 MW Vidarbha Industries Power Limited under Corporate Insolvency Resolution Process, taking total capacity to 18,150 MW.

"Adani Power has once again demonstrated robust and stable financial performance this quarter, in the face of weather-driven fluctuations in demand, highlighting our operational efficiency and competitive advantages. We are steadily expanding our presence in the market by securing another 4.5 GW of new long-term PPAs under the SHAKTI scheme," said S B Khyalia, CEO, Adani Power.

"Our strong profitability and liquidity position us well to achieve our enhanced capacity expansion goal of 42 GW by 2031-32. We have already arranged ordering for equipment and land for the entire 23.7 GW expansion, with project implementation progressing rapidly. We are proud to play a pivotal role in India’s power sector growth, and stay strongly committed to supporting the nation’s need for dependable, scalable, and sustainable electricity,” Khyalia added. All-India energy demand grew at a slower pace of 3.2% to 449.2 billion units (BU) in Q2 FY26 as compared to 435.1 BU in Q2 FY25. Energy demand growth for H1 FY26 was 0.8% at 894.4 BU as compared to 887.5 BU for H1 FY25, Adani Power said.

Adani Power shares declined 0.25% to ₹162 after earnings announcement.