Adani Power Ltd
Adani Power Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #5 of 24 in Power
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Adani Power Ltd Q1 FY26 key numbers
- Revenue
- EBITDA showed resilience at Rs.5,744 crores, with operational efficiencies offsetting lower tariffs.
As stated in Adani Power Ltd's Q1 FY26 earnings call transcript · published 14 Jun 2026. Reported figures, not investment advice.
The short version
Adani Power supplied 24.6 billion units in Q1 FY26, 1.6% higher than Q1 FY25 despite a 1.6% overall demand shrink due to early monsoon.
From Adani Power Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Adani Power supplied 24.6 billion units in Q1 FY26, 1.6% higher than Q1 FY25 despite a 1.6% overall demand shrink due to early monsoon.
- Revenues were stable at Rs.14,167 crores in Q1 FY26, slightly lower YoY due to softer merchant tariffs and imported coal prices.
- EBITDA showed resilience at Rs.5,744 crores, with operational efficiencies offsetting lower tariffs.
- However, the company expects stable EBITDA margins based on the current business model and capacity tie-ups.
- Upcoming commissioned capacity expansions (adding 12,520 MW by 2030) will increase volumes.
2 more points from Adani Power Ltd's call on revenue
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Profitability & Margins
See what Adani Power Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Adani Power is executing a major capacity expansion of 12,520 MW by 2030, with rapid progress on 4,800 MW already underway.
- Ongoing Phase-II projects: Mahan (66% executed), Raipur (25%), Raigarh (20%).
- Received environmental clearance for Korba Phase-II adding 1,320 MW capacity.
- Holding all required land for expansion; projects mostly funded internally, minimizing reliance on external lenders.
- Orders placed for boilers, turbines, and generators covering entire 11.2 GW new capacity addition.
- Evaluating opportunities aligned with an anticipated increase in India’s thermal base power demand from 80 GW to 95 GW by 2032.
2 more points from Adani Power Ltd's call on capex
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Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Adani Power Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Adani Power has given an order of approximately INR 65 billion to BHEL.
- This order is related to boilers, turbines, and generators for upcoming capacities, with all equipment supplies locked for 11.2 GW new capacity addition.
- Contracts for erection, commissioning, and Balance of Plant are being tied up in a phased manner for upcoming projects.
2 more points from Adani Power Ltd's call on order book
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Adani Power Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹19.4K Cr, net profit ₹7.0K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Adani Power Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY20 earnings call →
Others in Power this season
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T&D Loss: ~39.7% . Key concall takeaways from CESC Ltd's Q1 FY26 earnings call — and how it ranks against sector peers.
- NHPC Ltd (Q1 FY26)
Revenue from Operations for Q2 FY'26: ₹3365.26 Cr, up 10.27% YoY from ₹3051.93 Cr in Q2 FY'25 (Page 8) . Key concall takeaways from NHPC Ltd's Q1 FY26 earnings…
- Power Grid Corpn (Q1 FY26)
Expansion in telecom and consultancy businesses, with telecom income increasing and new smart meter business contributing ₹153 Crore revenue for FY25-26. Key…
- Adani Energy Solutions Ltd (Q1 FY26)
Smart meter pending orders: About 12 crore meters are yet to be bid out, with major upcoming opportunities in Madhya Pradesh, Telangana, Karnataka, and Tamil…
Potential multibaggers · Q2 FY27
Potential multibaggers in Power
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Adani Power Ltd Q1 FY26 results?
Adani Power supplied 24.6 billion units in Q1 FY26, 1.6% higher than Q1 FY25 despite a 1.6% overall demand shrink due to early monsoon.
What is Adani Power Ltd share price analysis?
Adani Power Ltd currently shows a neutral. The stock trades at a P/E of 27.8 with a market cap of ₹395,818 Cr. Investors should review the full earnings analysis for detailed insights.
Is Adani Power Ltd planning capital expenditure?
Adani Power is executing a major capacity expansion of 12,520 MW by 2030, with rapid progress on 4,800 MW already underway.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.