Adani Power Q1 FY27: Revenue up 27% to ₹17,936 Crore, PAT surges 47%
Adani Power reported its highest ever Q1 FY27 results with revenue up 27% to ₹17,936 crore and PAT up 47% to ₹4,867 crore. The company achieved record power generation of 31 billion units. Key strategic moves include acquiring stakes in Jaiprakash Associates' power assets and securing a 1,600 MW PPA with Maharashtra DISCOM. Capacity expansion is on track, and the company aims to maintain net debt-to-EBITDA between 2-3x.
The strong financial results, strategic acquisitions, securing of a large PPA, and progress on capacity expansion are significant positive developments that are likely to have a material impact on the company's future performance and investor outlook.
The company reported record financial and operational performance, including significant year-on-year growth in revenue and profit after tax. Strategic acquisitions and new power purchase agreements further strengthen its position.
Adani Power Limited has reported its highest ever quarterly performance for Q1 FY27, driven by robust demand and operational efficiency.
The company's continuing revenue from operations increased by 28% to ₹17,550 crore, with total continuing revenue, including other income, reaching ₹17,936 crore, a 27% year-on-year growth. Reported EBITDA surged by 36% to ₹8,369 crore, and profit after tax (PAT) saw a stellar 47% year-on-year increase to ₹4,867 crore.
Operational highlights include a record power generation of 31 billion units and dispatch of 28.8 billion units, a 17% growth, attributed to improved Plant Load Factor (PLF) and operating capacity. The consolidated PLF jumped to 78% in Q1 FY27 from 67% in the corresponding quarter last year.
Strategically, Adani Power completed the acquisition of stakes in various power assets from Jaiprakash Associates under the corporate insolvency resolution process, adding a 180-MW Churk power plant, a 24% stake in Jaiprakash Power Ventures, and an 11.49% stake in Prayagraj Power Generation Company. Additionally, the company secured a 25-year power supply agreement with Maharashtra DISCOM for 1,600 MW.
Capacity expansion is progressing well, with the 1,320 MW Korba Phase-II project on track for commissioning this year, and the 1,600 MW Mahan Phase-II project scheduled for commercial operation in Q1 FY28. The company is also exploring nuclear power opportunities and has been ranked as India's most valued energy brand by Brand Finance with a value of USD 1.8 billion.
The company's balance sheet remains robust, with total debt outstanding at ₹58,381 crore and net debt at ₹47,643 crore as of June 30, 2026. Adani Power plans to maintain net debt-to-EBITDA between 2 to 3 times.
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