Adani Power Q3 Results: Cons profit falls 19% YoY to Rs 2,480 crore, revenue down 9%

Adani Power on Thursday reported a 19% year-on-year (YoY) fall in its December quarter consolidated net profit at Rs 2,480 crore compared to Rs 3,057 crore reported in the year-ago period. The profit after tax (PAT) is attributable to the owners of the parent.

The company's revenue from operations stood at Rs 12,451 crore in Q3FY26, down 9% YoY over Rs 13,671 crore posted in the corresponding period of the last financial year.

Adani Power said that profit was down mainly due to lower one-time prior period income.


The company said that the revenue from operations and other income notes) includes amounts about earlier years, based on the orders received from various regulatory authorities such as MERC / CERC, APTEL and the Supreme Court and reconciliation with discerns relating to various claims towards change in law events, carrying cost thereon and delayed payment interest.

According to the company, its profitability remained "robust" in the face of temporary demand disruption.

Q3 FY26 highlights

-- The consolidated power sale volume stood at 23.6 BUs in Q3FY26 versus 23.3 BU in Q3FY25, despite demand disruption due to early and prolonged monsoon.

-- The consolidated continuing total revenue for Q3FY26 stood at Rs 12,717 crore versus Rs 13,434 crore in Q3FY25, despite lower rates and lower other income.

-- The consolidated continuing EBITDA for Q3FY26 stood at Rs 4,636 crore versus Rs 4,786 crore for Q3FY25, reflecting earnings resilience in a weak demand growth environment, the company filing said.

-- Continuing Profit Before Tax (PBT) for Q3FY26 was higher by 5.3% at Rs 2,800 crore versus Rs 2,659 crore for Q3FY25 primarily due to lower finance cost offsetting lower EBITDA.

-- The company reported New Long Term Power Purchase Agreement award of 3,200 MW from Assam DISCOM.

Management Commentary

Commenting on the results, CEO S B Khyalia called Q3 performance "strong" on the back of robust liquidity, competitive advantages and cost-efficient power plants. "We are swiftly securing long-term power purchase agreements for our upcoming capacities, with nearly half of our 23.7 GW expansion already tied up in PPAs with State DISCOMs. Our project execution is progressing exceptionally well, meeting or exceeding our targets," Khyalia said.