Conference Call with Adani Power Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Electric Utilities company Adani Power announced Q4FY26 & FY26 results Q4FY26 Standalone Financial Highlights: Revenue from Operations: Rs 11,573.41 crore in Q4FY26, up 15.61% QoQ compared to Rs 10,011.20 crore in Q3FY26 and down 5.14% YoY compared to Rs 12,201.02 crore in Q4FY25. Total Income: Rs 13,615.89 crore in Q4FY26, up 28.48% QoQ compared to Rs 10,597.69 crore in Q3FY26 and up 8.15% YoY compared to Rs 12,589.85 crore in Q4FY25. Net Profit: Rs 3,086.67 crore in Q4FY26, up 50.80% QoQ compared to Rs 2,046.82 crore in Q3FY26 and up 30.87% YoY compared to Rs 2,358.65 crore in Q4FY25. Basic & Diluted EPS: Rs 1.60 in Q4FY26, compared to Rs 1.06 in Q3FY26 and Rs 1.18 in Q4FY25. Q4FY26 Consolidated Financial Highlights: Revenue from Operations: Rs 14,223.09 crore in Q4FY26, up 14.23% QoQ compared to Rs 12,451.44 crore in Q3FY26 and down 0.10% YoY compared to Rs 14,237.40 crore in Q4FY25. Total Income: Rs 15,989.09 crore in Q4FY26, up 23.04% QoQ compared to Rs 12,994.70 crore in Q3FY26 and up 10.00% YoY compared to Rs 14,535.60 crore in Q4FY25. Net Profit: Rs 4,271.40 crore in Q4FY26, up 71.67% QoQ compared to Rs 2,488.09 crore in Q3FY26 and up 64.33% YoY compared to Rs 2,599.23 crore in Q4FY25. Basic & Diluted EPS: Rs 2.08 in Q4FY26, compared to Rs 1.29 in Q3FY26 and Rs 1.32 in Q4FY25. FY26 Standalone Financial Highlights: Revenue from Operations: Rs 45,288.78 crore in FY26, compared to Rs 49,710.76 crore in FY25 (down 8.90% YoY). Total Income: Rs 49,560.48 crore in FY26, compared to Rs 52,571.11 crore in FY25 (down 5.73% YoY). Net Profit: Rs 10,987.67 crore in FY26, compared to Rs 11,559.85 crore in FY25 (down 4.95% YoY). Basic & Diluted EPS: Rs 5.67 in FY26, compared to Rs 5.75 in FY25. FY26 Consolidated Financial Highlights: Revenue from Operations: Rs 54,240.52 crore in FY26, compared to Rs 56,203.09 crore in FY25 (down 3.49% YoY). Total Income: Rs 57,865.28 crore in FY26, compared to Rs 58,905.83 crore in FY25 (down 1.77% YoY). Net Profit: Rs 12,971.08 crore in FY26, compared to Rs 12,749.61 crore in FY25 (up 1.74% YoY). Net Cash Flow from Operating Activities: Rs 20,513.65 crore in FY26, compared to Rs 21,501.11 crore in FY25 (down 4.59% YoY). Basic & Diluted EPS: Rs 6.62 in FY26, compared to Rs 6.46 in FY25. Business Highlights: Installed Capacity: The company's total installed capacity stood at 18,150 MW as of March 31, 2026. Units Sold: Total power sales reached 99.1 Billion Units (BU) in FY26, up from 95.9 BU in FY25. New PPA Wins: Received a Letter of Award from MSEDCL for 1,600 MW for 25 years under the DBFOO model. Additionally, subsidiary MPGL signed a 558 MW PPA with Tamil Nadu DISCOM. Acquisition: Completed the acquisition of Vidarbha Industries Power Limited (VIPL), making it a wholly owned subsidiary effective July 7, 2025. Debt & Financing: Issued Secured Non-Convertible Debentures of Rs 7,500 crore in Q4FY26. Total debt outstanding as of March 31, 2026, is Rs 53,555.54 crore. Perpetual Securities: Repaid Unsecured Perpetual Securities of Rs 3,056.92 crore to its holders during the year. ESG Performance: Achieved an ESG rating score of 80 from CareEdge, outperforming the industry median by 35%. S B Khyalia, CEO, Adani Power, said: “As the world goes through another energy price shock, the security and sovereignty of India’s energy supply assume critical importance. Our abundant natural resources, including coal, will power our growth and development for a long time. As India progresses quickly to achieve its renewable energy targets, thermal power is rising to the challenge of stabilizing the grid and meeting peak demand. At the same time, Adani Power is consistently crossing significant milestones in its ongoing 23.7 GW capacity expansion and tying up long-term PPAs while generating strong profitability and healthy cash flows in a dynamic demand environment. We are well set to achieve our capacity expansion targets and register multifold earnings growth over the coming years, while following a prudent capital allocation policy to seize the next phase of opportunities.” Result PDF