ADANIPOWER Adani Power Q2 FY26 results (Jul–Sep 2025) and concall
Adani Power delivered stable Q2 FY26 results despite unprecedented monsoon conditions that suppressed power demand and merchant tariffs. The company grew volumes 7%+ through competitive PPAs and increased capacity. Strategic focus on long-term PPA tie-ups continued with major wins in Bihar, MP, and Karnataka, taking PPA coverage to ~91%. The massive 23.7 GW expansion is fully de-risked with 100% equipment ordering done. CEO Khyalia outlined a clear path from 18 GW to 42 GW by FY32 with earnings growth driven by high capacity charges in new PPAs.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|
| Revenue | 12,042 | 12,201 | 12,462 | 11,785 |
| EBITDA | 4,873 | 4,333 | 5,224 | 4,604 |
| Net profit | 3,035 | 2,359 | 3,119 | 2,554 |
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.
