Daijiworld Media Network - Ahmedabad

Ahmedabad, Apr 29: Adani Power Limited has posted a sharp rise in quarterly earnings, reporting a 64% year-on-year surge in consolidated net profit to Rs 4,271 crore for the fourth quarter ended March 31 (Q4 FY26), driven by improved operational efficiency and lower tax expenses.

The company, part of the Adani Group portfolio, also reported a 10% increase in revenue to ?15,989 crore for the quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose strongly by 27% to ?6,498 crore, reflecting better margins amid a fluctuating power demand environment.

Power sales volume edged up to 27.2 billion units (BU) from 26.4 BU in the same quarter last year, supported by steady demand under long-term supply contracts.

For the full financial year FY26, Adani Power reported a net profit of Rs 12,971 crore, slightly higher than Rs 12,750 crore in FY25. Annual revenue stood at Rs 55,583 crore, impacted by weaker merchant tariff realisations. Total power generation reached 105 BU, while sales volume increased 3.4% to 99.15 BU.

The company continued expanding its long-term capacity outlook, with power purchase agreements and tie-ups reaching 13.3 GW during the year. In the March quarter alone, it secured a 1,600 MW long-term power purchase agreement with Maharashtra DISCOM under the DBFOO model, taking its tied-up operating capacity to around 95%.

Management said thermal power remains essential for grid stability as India increases its renewable energy share. CEO S.B. Khyalia highlighted that despite global energy price volatility and changing demand patterns, the company remains committed to its 23.7 GW expansion plan and expects continued earnings growth.

He also emphasized that coal-based generation will continue to play a key role in supporting India’s energy needs while renewable capacity expands, particularly during peak demand periods and grid balancing requirements.