Adani Power FY26 Results: Revenue ₹57,865 Cr, EBITDA ₹23,431 Cr, PAT ₹12,971 Cr
Adani Power's Q4 FY26 results show revenue at ₹15,989 Cr and PAT at ₹4,271 Cr. For FY26, revenue was ₹57,865 Cr, EBITDA ₹23,431 Cr, and PAT ₹12,971 Cr. The company secured new PPAs totaling 2,158 MW and issued ₹7,500 Cr in NCDs. Net Debt to EBITDA ratio was 2.12x.
The results include significant financial figures, new capacity tie-ups, and debt market activities, which are material to investors.
The company reported strong PAT growth in Q4 FY26 and secured new PPAs and fundraising, indicating positive operational and financial momentum.
Adani Power Limited (APL) announced its financial results for the fourth quarter and full year ending March 31, 2026. For Q4 FY26, the company reported a consolidated revenue of ₹15,989 crore, a 10.0% increase year-on-year. Continuing EBITDA for the quarter stood at ₹5,573 crore, up 9.3% YoY, while Profit After Tax (PAT) surged by 64.3% to ₹4,271 crore.
For the full fiscal year FY26, Adani Power's reported revenue was ₹57,865 crore, a slight decrease of 1.8% YoY. Continuing EBITDA for FY26 was ₹21,285 crore, down 1.3% YoY, and reported EBITDA stood at ₹23,431 crore. The company's Profit After Tax for FY26 increased by 1.7% to ₹12,971 crore.
Operational highlights for FY26 include an installed capacity of 18,150 MW across 13 assets. The company achieved an O&M Availability of 91% and a Plant Load Factor (PLF) of 74% for the fiscal year. Sales volume stood at 99,148 MU, a 3.4% increase YoY.
APL also secured new PPAs, including a 1,600 MW PPA from Maharashtra DISCOM for a greenfield ultra-supercritical thermal power project and a 558 MW PPA from Tamil Nadu DISCOM for its Tuticorin plant. The company's ESG rating from CareEdge was 80, outperforming the industry median by 35%. Adani Infra India Ltd. has also nominated APL to acquire certain power assets from Jaiprakash Associates Ltd. under the Corporate Insolvency Resolution Process.
Financially, the company issued ₹7,500 crore of AA-rated Non-Convertible Debentures (NCDs) in January 2026. The Net Debt to Continuing EBITDA ratio for FY26 stood at 2.12x, indicating prudent debt management. The company's target capacity is 41,870 MW across 17 assets by FY32, with significant progress in locked-in growth projects.
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Adani Power Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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