Adani Power Q4 FY26 Earnings Call Transcript Released
Adani Power released its Q4 FY26 earnings call transcript. The company reported FY26 EBITDA of ₹23,431 crore and PAT of ₹12,971 crore. Capacity expansion is progressing with 13.3 GW tied up under PPAs. New projects like Korba Phase-II and Mahan Phase-II are slated for commissioning in FY27-28. Management projects EBITDA to reach ₹50,000 crore by FY2031.
The announcement provides a detailed transcript of the Q4 FY26 earnings call, offering insights into the company's financial performance, strategic initiatives like capacity expansion, and future outlook. This level of detail is crucial for investors to assess the company's trajectory.
The company reported strong financial results for Q4 FY26 and FY26, with significant year-on-year growth in EBITDA and PAT. Positive outlook on future demand, capacity expansion progress, and a clear path to higher EBITDA contribute to a positive sentiment.
Adani Power Limited has released the transcript of its Investors/Analysts Conference Call held on April 30, 2026, to discuss the Q4 FY26 financial results. The call featured insights from CEO Mr. S. B. Khyalia and CFO Mr. Dilip Jha.
During the call, management highlighted a strong performance in FY26, generating 105 billion units of power despite tepid demand growth of 0.8% for the full year and 1.6% for Q4 FY26. The company reported a robust EBITDA of ₹23,431 crore for the full year and ₹6,498 crore for Q4 FY26, a significant 27% year-on-year increase. Profit after tax for FY26 stood at ₹12,971 crore.
Adani Power is making significant progress on its capacity expansion program, aiming to add 23.7 gigawatts of thermal capacity by 2032. The company has secured tie-ups for 13.3 gigawatts of expansion capacity under long-term PPAs, including a 1,600-megawatt PPA from Maharashtra DISCOM. Approximately 95% of its current operating capacity is tied up under long-term and medium-term PPAs, providing revenue stability.
New projects like Korba Phase-II (1.32 GW) are expected to be commissioned in FY27, with Mahan Phase-II (1.6 GW) targeted for FY27-28. The company has also incorporated an SPV in Bhutan for a 570-megawatt hydro power plant and is exploring opportunities in nuclear power.
Financially, Q4 FY26 revenue grew to ₹15,059 crore, with reported EBITDA up 27% year-on-year to ₹6,498 crore. PAT for the quarter surged by 64% year-on-year to ₹4,271 crore. Total debt stood at ₹53,556 crore as of March 31, 2026, with net debt at ₹45,022 crore. The company raised ₹7,500 crore through secured non-convertible debentures during the quarter.
Management expressed confidence in future growth, expecting strong power demand recovery in FY27 and beyond. They anticipate reaching ₹50,000 crore EBITDA by FY2031, with potential to achieve it by 2030 under optimal conditions. The company is also managing coal supply effectively, with no current shortages faced.
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Adani Power Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. 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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