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Earnings Call

Adani Power Earnings Call: Key Takeaways

Adani Power reported Q4 FY26 EBITDA of ₹6,498 crore (up 27% YoY) and full-year PAT of ₹12,971 crore, driven by high plant availability and capacity expansion strategy.

Why this was an Alfa AlertNot a filter event. Results were robust but management did not explicitly state they beat prior guidance ranges by >5%.
Highlights
Revenue growthQ4 revenue grew 10% YoY to ₹15,989 crore.
MarginsHigher PPA tariff contributions and cost discipline driving EBITDA improvements.
Order book13.3 GW expansion capacity already tied up under PPAs.
Demand visibilityStrong; 95% of operating capacity tied under long/medium-term PPAs.
Management confidenceHigh; confident in achieving 42 GW and ₹50,000cr EBITDA by FY31.

Growth

FY26 EBITDA reached ₹23,431 crore; Q4 PAT surged 64% YoY to ₹4,271 crore despite tepid power demand growth.

Outlook

Targeting 42 GW capacity by 2032; ₹25,000cr capex planned for FY27 and ₹33,000cr for FY28.

Risks

Merchant price volatility due to high renewable penetration and geopolitical impacts on labor/resource availability for projects.

Source

Earnings Call filed with BSE, NSE: ADANIPOWER. Summary written with AI assistance from the document.

Read the document ↗

Adani Power Ltd: key numbers

Share price
₹202.75
Market cap
₹3,90,997 Cr
Revenue (annual)
₹54,241 Cr
Net profit (annual)
₹12,834 Cr
P/E (TTM)
27.4×Sector 25.1×
Promoter holding
74.96%+0.00% QoQ
FII holding
11.76%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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