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Adani Power share price & results

Adani Power· Power· Utilities

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest private-sector thermal power producer, running 18,150 MW across 13 plants

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue17,416 ₹ crore+47.8% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin44.0 %+5.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit6,262 ₹ crore+145.2% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity23.74 %−5.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-5.19 %−22.9 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)17.20 %−15.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

0 of 2 judged targets kept · 17 open · verdicts reflect calls analysed to Q1 FY27.

Adani Power management guidance track record on Inve: 19 targets tracked across analysed earnings calls (0 achieved, 2 missed, 17 open).

TargetOriginal wordingSaidLatest callVerdict
Dhirauli Coal Mine Production StartBegin production by September-October 2025
Call transcript, Q1 FY26 · 1 Aug 2025		Q1 FY26Q1 FY27:Not mentioned in the earnings call or presentation.
Call transcript, Q1 FY27 · 23 Jul 2026		Ghosted
Operating Capacity Target~6,000 MW additional over current 15,000 MWQ2 FY24Q1 FY27:Target revised up to 45 GW by the same timeline as the previous 42 GW target.
Call transcript, Q1 FY27 · 23 Jul 2026		Revised Up
Mahan Phase 2 Commissioning TimelineMarch-April 2027, followed by one 800 MW unit every 6 months
Call transcript, Q4 FY25 · 1 May 2025		Q4 FY25Q1 FY27:First unit scheduled for commercial operation in Q1 FY28. Second unit in Q3 FY28, with efforts to bring it to Q2 FY28. This confirms the previously delayed timeline.
Call transcript, Q1 FY27 · 23 Jul 2026		Delayed

Source: Inve Guidance Tracker for Adani Power · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Adani Power's 19 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 16 more targets are in the full ledger.

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Price

₹188.69 +1.15% · +₹2.14

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +12.5% 1Y

₹150₹200₹250Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 30 Oct 2025Q3 FY26 — 29 Jan 2026Q4 FY26 — 30 Apr 2026Q1 FY27 — 23 Jul 2026

1Y: ₹167.72 on 24 Oct 2025 → ₹188.69. High ₹248.91 (27 May 2026), low ₹132.85 (1 Feb 2026).

Previous close
₹186.55
Market cap
₹3.6L Cr
52-week range
₹132.85 – ₹248.91
One year
+15.79%
Price to earnings (TTM to Sept 2026)
19.92×
Return on equity (TTM to Sept 2026)
23.74%

Overview

Symbol
NSE:ADANIPOWER
Sector
Power
Industry
Utilities
Exchange
NSE
Currency
INR

What Adani Power does

Based on the company's own presentations, annual report and earnings calls.

Adani Power is India's largest private-sector thermal (base-load) independent power producer, generating electricity mainly from coal-fired plants plus a small solar unit. It operates 18,150 MW of capacity across 13 assets spread over multiple Indian states, anchored by the 4,620 MW Mundra plant — India's largest single-location private thermal IPP. It earns revenue by selling power to state distribution companies (DISCOMs) under long- and medium-term Power Purchase Agreements, with roughly 95% of operating capacity contracted and the balance sold in the merchant/short-term market.

Segments

  • Thermal power generation
  • Solar power generation
Market position
India's largest private-sector thermal power producer (IPP)
Operating capacity
18,150 MW across 13 assets
Largest single-location plant
Mundra, Gujarat — 4,620 MW (India's largest single-location private thermal IPP)
Plant fleet footprint
Plants across Gujarat, Maharashtra, Rajasthan, Karnataka, Madhya Pradesh, Chhattisgarh, Jharkhand and Uttar Pradesh
Fleet technology mix
Over 60% of operating capacity supercritical/ultra-supercritical
PPA-covered operating capacity
Over 95% tied under long- and medium-term PPAs
Founded 1996Headquarters Ahmedabad, Gujarat, India Company website

How the price took the results

close before → close after

Q1 FY27
−2.2%
23 Jul
Q4 FY26
+1.2%
30 Apr
Q3 FY26
−0.6%
29 Jan
Q2 FY26
+0.3%
30 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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