Adani Power Q2 FY27: Profit Soars 142% to ₹7,000 Crore on Strong Demand
Adani Power reported a 142% year-on-year jump in Q2 FY27 consolidated profit after tax to ₹7,000 crore. Revenue grew 28.5% to ₹17,528 crore, and EBITDA increased by 46% to ₹8,700 crore. The company's PLF improved to 70.1%, and its credit rating was upgraded to AA+.
The substantial increase in profit, revenue, and EBITDA, coupled with a credit rating upgrade and strategic acquisitions/expansions, is expected to have a significant positive impact on the company's market standing and investor confidence.
The company reported significant year-on-year growth in profit, revenue, and EBITDA, alongside a credit rating upgrade and progress on strategic projects, indicating a strong positive financial and operational performance.
Adani Power Limited announced a significant surge in its financial performance for the second quarter of FY27, with consolidated profit after tax rising by a remarkable 142% to over ₹7,000 crore. This impressive growth was driven by strong power demand, high selling rates, and healthy volume growth across its operations.
The company reported total continuing revenue of nearly ₹17,528 crore, an increase of 28.5% year-on-year. Continuing EBITDA also saw a substantial rise of over 18% to ₹6,300 crore. Reported EBITDA grew by 46% to more than ₹8,700 crore. For the first half of FY27, total continuing revenue stood at nearly ₹35,500 crore, with continuing EBITDA at ₹13,300 crore and profit after tax at nearly ₹12,000 crore.
Adani Power's operational performance was robust, with power sales growth of 11.5% and a supply of 26.4 billion units in the quarter. The plant load factor (PLF) improved to 70.1% from 62.8% in the previous year's comparable quarter. The company also made progress on its capacity expansion projects, with the first unit of its Korba Phase-II project achieving grid synchronization.
Key strategic developments during the quarter included an upgrade in Adani Power's credit rating from AA to AA+, reflecting its strong operating track record and financial health. The company also secured a letter of award for a 25-year PPA of 1,320 megawatts from Uttarakhand Power Corporation Limited and emerged as the successful resolution applicant for GVK Energy Limited, marking its entry into hydro generation. Furthermore, Adani Power is expanding its green energy portfolio by signing a shareholders' agreement for a 770-megawatt hydropower project in Bhutan.
The management highlighted the vital role of domestic coal-based power in India's energy security and noted the increasing power demand driven by economic momentum and a weak monsoon. They expressed confidence in the future of the thermal sector, anticipating continued strong demand and capacity expansion opportunities.
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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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