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Latest: Adani Power Q2 FY27 (Jul–Sep 2026) results →This page is Q1 FY27 (Apr–Jun 2026).All Q1 FY27 results →
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Adani Power Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹206
Market cap₹4.0L Cr
P/E27.8
Updated25 Aug 2026
Read5 min read

Adani Power Q1 FY27 key numbers

Revenue
PPA-based power sales grew 30% to 25 billion units with increasing capacity tie-ups.

As stated in Adani Power's Q1 FY27 earnings call transcript · published 25 Aug 2026. Reported figures, not investment advice.

The short version

Adani Power expects strong growth driven by robust power demand and capacity expansions. Adani Power is confident in achieving its capex program of INR 2 lakh crore, with yearly spends rising from INR 25,000 crore in FY27 to over INR 35,000 crore in subsequent years.

From Adani Power's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Good growth
  • Adani Power expects strong growth driven by robust power demand and capacity expansions.
  • Power sales volume increased 17% in Q1 FY'27 to 29 billion units from 25 billion units last year.
  • PPA-based power sales grew 30% to 25 billion units with increasing capacity tie-ups.
  • Merchant volumes decreased as more open capacity converted into PPAs, indicating a shift toward stable, contracted sales.
  • Revenue from operations increased 28% year-on-year to INR 17,550 crores in Q1 FY'27.
  • Tariff realizations under PPA improved by 8%, and merchant prices rose by 13%, enhancing revenue quality.
  • Capacity expansion plans include 1,320 MW in FY '27 and 1,600 MW in FY '28, with a capex of ~INR 25,000 crores and INR 33,000 crores respectively.

2 more points from Adani Power's call on revenue

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Profitability & Margins

See what Adani Power said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Adani Power has a capex program of INR 2 lakh crore planned over the next few years.
  • Expected capex is INR 25,000 crore in FY27, INR 33,000 crore in FY28, and over INR 35,000 crore thereafter.
  • The company is confident of achieving its expansion plan targeting 45 GW capacity by FY31.
  • They have secured BTG supply for 24 GW and land for expansion.
  • 56% of the upcoming capacity is already tied up under long-term PPAs; remaining to be tied through ongoing/upcoming bids.
  • Recent strategic acquisitions include a 180-MW Churk power plant, 24% stake in Jaiprakash Power Ventures, and 11.49% in Prayagraj Power Generation.
  • Planning 3 GW additions, currently at planning stage, aimed to meet future state bids.

2 more points from Adani Power's call on capex

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Top-ranked in Power

Ranked on what management guided this quarter

Guidance-ranked
1Insolation Ener
Rev 1Mar 1
2ACME Solar Holdings Ltd
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 3
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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 said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book rising
  • As of the recent update, Adani Power has participated in various bids with significant pending capacities:
  • Uttar Pradesh: 4,000 MW
  • Gujarat: 4,000 MW
  • Uttarakhand: 1,320 MW
  • West Bengal: approximately 3,800 MW
  • Total long-term PPAs under progress amount to around 13,000 MW.
  • The company has an untied capacity of 11.1 GW, with a historic strike rate of about two-thirds in recent years.
  • An incremental capacity plan of another 3 GW is at a planning stage and linked partly to increasing stake in Jaiprakash Power Ventures (2,220 MW).
  • Expected commissioning includes Korba Phase-II by December-end this year and Mahan Phase-II units in first and possibly second quarters of next year.

2 more points from Adani Power's call on order book

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What the Q1 FY27 call signalled

4 of 5 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned
Order bookOrder book rising

Adani Power — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

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 →

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What Adani Power's management said in earlier quarters

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Frequently Asked Questions

What were Adani Power Q1 FY27 results?

Adani Power expects strong growth driven by robust power demand and capacity expansions. Adani Power is confident in achieving its capex program of INR 2 lakh crore, with yearly spends rising from INR 25,000 crore in FY27 to over INR 35,000 crore in subsequent years.

What is Adani Power share price analysis?

Adani Power currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 27.8 with a market cap of ₹396,300 Cr. Investors should review the full earnings analysis for detailed insights.

Is Adani Power planning capital expenditure?

Adani Power has a capex program of INR 2 lakh crore planned over the next few years.

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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.