ADANIPOWER Adani Power Q1 FY26 results (Apr–Jun 2025) and concall
Adani Power delivered resilient Q1 FY26 results despite weather-induced demand softness from early monsoon. Revenue declined 5.9% YoY but was stable QoQ, with EBITDA up 12.7% sequentially. The key positive was Bangladesh receivables normalizing with USD 500M+ received, resolving a long-standing investor concern. Mahan Phase 2 expansion at 66% progress is on track for March-April 2027 commissioning. A new 1,600 MW PPA with UPPCL took total fresh capacity tie-ups to 4,520 MW. The company also fully retired perpetual securities, cleaning up the balance sheet.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|
| Revenue | 12,042 | 12,201 | 12,462 |
| EBITDA | 4,873 | 4,333 | 5,224 |
| Net profit | 3,035 | 2,359 | 3,119 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.





