Adani Power Q2 Results: Profit zooms 134% YoY to Rs 6,919 crore; revenue jumps 45%

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Revenue from operations rose 45% to Rs 19,439 crore from Rs 13,457 crore in the corresponding quarter last year, the company said in a regulatory filing.

The company reported an EBITDA or earnings before interest, tax, depreciation and amortization of Rs 8,231 crore, an improvement of 60% from Rs 5,150 crore reported in the same quarter in the previous year.

For the quarter under review, margins shot up 400% to 42.3% from 38.% in the year-ago period, the company said. Adani Power's consolidated power sales volume rose 11.5% year-on-year to 26.4 billion units (BU) in Q2 FY27, compared with 23.7 BU in Q2 FY26, driven by strong growth in power demand.

S B Khyalia, CEO of Adani Power Limited, said the company continues to make progress in profitability and project execution. He added that the company is focused on ensuring a timely supply of reliable, high-quality power to meet India's growing baseload requirements.

Geopolitical developments and climate-related uncertainties have further highlighted the importance of domestic coal-based power in meeting India's long-term electricity needs, he said.

The company said it is advancing its capacity expansion programme to add 23,720 MW of new thermal power capacity. Execution of the 1,320 MW Korba Phase-II Supercritical Thermal Power Project and the 1,600 MW Mahan Phase-II Ultra-Supercritical Thermal Power Project is in the advanced stages.

The first 660 MW supercritical unit at Korba Phase-II has been synchronised with the grid and is expected to be commissioned shortly, while the second unit is scheduled for commissioning in Q4 FY27. The Mahan Phase-II project is expected to be fully commissioned in the early part of FY28.

Meanwhile, the 1,600 MW Raipur Phase-II and 1,600 MW Raigarh Phase-II ultra-supercritical thermal power projects have each achieved more than 65% progress in less than 30 months since work began. Both projects are scheduled for commissioning in FY29.

India's power demand rose 11.5% year-on-year to 502 billion units (BU) in Q2 FY27, driven by rapid economic growth and a weak monsoon. Power generation increased 11% to 536 BU during the quarter.

Lower hydropower generation potential, coupled with rising demand, increased the share of coal- and lignite-based power in total supply to 66%, from 65% in Q2 FY26. Coal- and lignite-fired plants accounted for 73% of the incremental power generated during the quarter.

The aggregate plant load factor (PLF) of India's coal-based power plants also rose to 68% in Q2 FY27, compared with 62% in the year-ago quarter.