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Adani Power Ltd

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Adani Power Q2 Results 2026 (FY27): Revenue ₹17,528 Cr, PAT ₹7,019 Cr

Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.

Price₹182
Market cap₹3.5L Cr
P/E24.6
Updated25 Oct 2026
Read5 min read

Based on Adani Power Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

The short version

Q2 FY27 Continuing Revenue: ₹17,528 Cr, up 28.5% YoY from ₹13,639 Cr in Q2 FY26 (Page 20) - Q2 FY27 Reported Revenue: ₹19,951 Cr, up 39.4% YoY from ₹14,308 Cr in Q2 FY26 (Page 18) - Q2 FY27 Power Sale Q2 FY27 EBITDA: ₹8,743 Cr, up 45.7% YoY (from ₹6,001 Cr in Q2 FY26) [Page 20] - Q2 FY27 Operating (EBITDA) Margin: 44% [Page 36] - Q2 FY27 Profit After Tax (PAT): ₹7,019 Cr, up 141.5% YoY (from ₹2,906 Cr in Q2 FY26) [Page 18] - Explicit Margin Outlook: The presentation highlights strong EBITDA margin stability with 44% EBITDA margin reported in Q2 FY27, demonstrating efficient fuel cost recovery and robust profitability, but no specific forward-looking margin guidance is explicitly stated.

From Adani Power Ltd's Q2 FY27 earnings-call transcript · updated 25 Oct 2026.

Revenue & Sales Performance

  • Q2 FY27 Continuing Revenue: ₹17,528 Cr, up 28.5% YoY from ₹13,639 Cr in Q2 FY26 (Page 20)
  • Q2 FY27 Reported Revenue: ₹19,951 Cr, up 39.4% YoY from ₹14,308 Cr in Q2 FY26 (Page 18)
  • Q2 FY27 Power Sales Volume: 26,385 MU, up 11.5% YoY from 23,663 MU in Q2 FY26 (Page 18)
  • Installed Capacity stable at ~18,330 MW (Page 18)

2 more points from Adani Power Ltd's call on revenue

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Profitability & Margins

  • Q2 FY27 EBITDA: ₹8,743 Cr, up 45.7% YoY (from ₹6,001 Cr in Q2 FY26) [Page 20]
  • Q2 FY27 Operating (EBITDA) Margin: 44% [Page 36]
  • Q2 FY27 Profit After Tax (PAT): ₹7,019 Cr, up 141.5% YoY (from ₹2,906 Cr in Q2 FY26) [Page 18]
  • Explicit Margin Outlook: The presentation highlights strong EBITDA margin stability with 44% EBITDA margin reported in Q2 FY27, demonstrating efficient fuel cost recovery and robust profitability, but no specific forward-looking margin guidance is explicitly stated. [Page 36]

Capital Expenditure Plans

  • Ongoing capacity expansion of 23.7 GW thermal power plants with estimated capex of ₹2 Trillion, targeted completion by FY 2031-32 (Page 17).
  • Further additions of 3 GW generation capacity targeted (Page 17).
  • Development of 5 GW hydroelectric power capacity in Bhutan in partnership with the Govt of Bhutan, including 770 MW Chamkharchhu-I project (49:51 JV) and 570 MW Wangchhu project under 5,000 MW collaboration (Page 17).
  • Fully locked-in growth projects totaling 23,720 MW with 100% land availability and equipment ordered, 87% environmental clearance, and 14,460 MW PPAs signed (Page 26).
  • Project examples include Mahan Ph-II (1,600 MW), Raipur Ph-II & III (3,200 MW), Pirpainti (2,400 MW), Korba Ph-II (1,320 MW), and Chapar (3,200 MW) (Page 26).

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

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

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Order Book & Pipeline

The investor presentation reports the following regarding order book, order inflow, or pending orders: - Advanced stage development projects with significant equipment ordering completed: - Mahan Ph-II: 1,600 MW, 1,320 MW Land and Equipment ordered. - Raipur Ph-II & Ph III (2) (3): 3,200 MW with ordering in progress. - Korba Ph-II (1): 1,320 MW with land and equipment fully ordered. - Pirpainti: 2,400 MW with full land and equipment ordered. - Chapar: 3,200 MW with full land and equipment ordered. - Bids ongoing for Raigarh Ph-II, Mahan Ph-III, Korba Ph-III, Anuppur (partial), and Kawai Ph-II projects.

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

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Adani Power Ltd — 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.

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What Adani Power Ltd's management said in earlier quarters

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  • Adani Green Energy Ltd (Q2 FY27)

    Energy sales grew 32% YoY to 25.7 billion units in H1 FY '27, supported by 24% greenfield capacity additions. Key concall takeaways from Adani Green Energy…

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Frequently Asked Questions

What were Adani Power Ltd Q2 FY27 results?

Q2 FY27 Continuing Revenue: ₹17,528 Cr, up 28.5% YoY from ₹13,639 Cr in Q2 FY26 (Page 20) - Q2 FY27 Reported Revenue: ₹19,951 Cr, up 39.4% YoY from ₹14,308 Cr in Q2 FY26 (Page 18) - Q2 FY27 Power Sale Q2 FY27 EBITDA: ₹8,743 Cr, up 45.7% YoY (from ₹6,001 Cr in Q2 FY26) [Page 20] - Q2 FY27 Operating (EBITDA) Margin: 44% [Page 36] - Q2 FY27 Profit After Tax (PAT): ₹7,019 Cr, up 141.5% YoY (from ₹2,906 Cr in Q2 FY26) [Page 18] - Explicit Margin Outlook: The presentation highlights strong EBITDA margin stability with 44% EBITDA margin reported in Q2 FY27, demonstrating efficient fuel cost recovery and robust profitability, but no specific forward-looking margin guidance is explicitly stated.

What is Adani Power Ltd share price analysis?

Adani Power Ltd currently shows a neutral. The stock trades at a P/E of 24.6 with a market cap of ₹351,203 Cr. Investors should review the full earnings analysis for detailed insights.

Is Adani Power Ltd planning capital expenditure?

Ongoing capacity expansion of 23.7 GW thermal power plants with estimated capex of ₹2 Trillion, targeted completion by FY 2031-32 (Page 17).

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.