Ahmedabad, October 23 (IANS). Adani Power, the country's largest private thermal power producing company, has recorded excellent financial results in the second quarter (Q2) of the financial year 2026-27. The company's consolidated net profit (PAT) increased by 141.5 per cent year-on-year to Rs 7,019.32 crore, compared to Rs 2,906.46 crore in the same quarter last year.
The company also recorded strong growth in total income. Total revenue in the second quarter increased by 39.4 percent to Rs 19,950.60 crore from Rs 14,307.79 crore a year ago. During the same period, EBITDA increased by 45.7 percent to Rs 8,743.22 crore.
Talking about operational performance, revenue from operations grew by 29.8 per cent to Rs 17,014.06 crore, while continuing operating EBITDA grew by 18.5 per cent to Rs 6,320.97 crore.
The company's performance was even stronger in the first half (H1) of the current financial year. Net profit almost doubled to Rs 11,885.92 crore in the April-September period, while total revenue increased 36 per cent to Rs 39,272.90 crore.
Commenting on the results, the company's Chief Executive Officer (CEO) Shersingh B. Khayalia said Adani Power continues to break new ground and deliver strong performance in both profitability and project execution areas. He said the role of domestic coal-based power is becoming more important than ever in meeting India's long-term power needs.
According to the company, electricity demand in India grew by 11.5 percent to 502 billion units (BU) during the second quarter. The share of coal and lignite based generation in the total power supply was 66 percent. During the same period, the country's peak power demand increased by 18 percent to 270 GW.
Adani Power also got the benefit of increasing demand. The company's power sales increased to 26.4 billion units in the second quarter, compared to 23.7 billion units in the same period last year. The company's plant load factor (PLF) also increased from 62.8 percent to 70.1 percent, while the total operating capacity stood at 18,150 MW.
Power sales under long-term power purchase agreements (PPAs) increased by 29.7 percent to 23.4 billion units. Whereas per unit tariff receipt increased by 12.7 percent to Rs 6.4 per unit.
Realization per unit in short term and merchant markets increased by 33.1 percent to Rs 7.2 per unit. However, sales volumes in the category were down 43 per cent as excess open capacity was shifted to medium-term power supply contracts.
The company says that due to the continuously increasing electricity demand in the country, strong industrial activities and increasing urbanization, the positive trend in the power sector may continue in the coming quarters, which can further accelerate the growth of Adani Power.
–IANS
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