Adani Power shares zoom 20% after first-ever stock split; check details

This marks the company’s first-ever stock split. As part of the plan, each existing equity share with a face value of ₹10 will be split into five equity shares, each with a face value of ₹2, fully paid-up.

Shareholders of Adani Power had approved the stock split proposal on September 5 floated by the company through electronic voting.

The company at its board meeting on August 1, 2025, had explained that the approved and recommended share split is to facilitate greater participation from retail and small investors.

There will not be any change in the amount of authorised, issued, subscribed and paid-up share capital of the company on account of the subdivision/split of the equity shares, it had stated.

At 11:46 AM, Adani Power shares were trading at ₹169.70 apiece, soaring 19.59% on the National Stock Exchange. The stock had hit its 52-week high during the day.

Last week, after the market regulator the Securities and Exchange Board of India (SEBI) gave a clean chit to the entire Adani group in the Hindenburg case, Morgan Stanley had initiated coverage on Adani Power, marking the first such recommendation in more than a decade by the research house, the news agency Press Trust of India (PTI) had reported.

The move is being read as a signal that confidence is returning not just among retail investors but also across global institutional stakeholders, who had largely stayed on the sidelines since the Hindenburg-triggered crash. 

Meanwhile, earlier this month, the news report surfaced that industrialist Gautam Adani-led Adani Group was looking to invest around $60 billion up to FY32 in the power sector, especially in renewables, generation and transmission/distribution.

In an investor presentation, Adani Power said the group plans a $21 billion investment by FY30 to scale up renewable energy capacity to 50 GW from 14.2 GW as of FY25.

Adani Power had posted a 15.5% decline in its consolidated net profit at ₹3,305 crore for the quarter ended June 30 of the financial year 2025-26 on account of lower merchant tariffs and elevated operating expenses following acquisitions. The company had clocked a net profit of ₹3,913 crore in the same quarter of the previous fiscal year.

The Adani group firm’s total revenue from operations also dipped 5.6% year-on-year (YoY) to ₹14,109 crore in Q1 FY26 as compared to ₹14,956 crore in the corresponding quarter last year. The decline came primarily due to lower merchant tariff realisation and import coal prices year-on-year.

On the back of lower revenue and additional operating expenses of recent acquisitions on a yearly basis, the company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) declined 8.22% to ₹5,686 crore in the period ended June 2025 as against ₹6,195 crore in Q1 FY25.

In the reporting quarter, Adani Power’s margin contracted to 40.3% from 41.4% YoY.