Adani Power stock: Q2 profit jumps 142% on stronger demand

Published on 11/13/2026 at 01:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adani Power stock is backed by stronger quarterly operations and a growing generation pipeline. One-time income also lifted reported profit.

Profit growth meets expansion plans

Adani Power reported stronger Q2 FY27 operating performance, supported by higher electricity demand and power sales.
One-time prior-period revenue recognition boosted reported profit, while continuing EBITDA still increased.
The company is expanding thermal capacity and adding hydroelectric projects in India and Bhutan.

Adani Power, INE814H01011, Illustration mit AI erstellt.

Adani Power reported a sharp rise in second-quarter profit on Friday, October 23, 2026, as stronger electricity demand, higher power sales and improved realizations lifted operating performance. In its Q2 FY27 results release, the company said consolidated profit after tax rose 141.5% year on year to INR 7,019.32 crore.

Continuing revenue increased 28.5% to INR 17,528.35 crore, while continuing EBITDA rose 18.5% to INR 6,320.97 crore. Power sales volume reached 26.4 billion units, up from 23.7 billion units a year earlier, and the plant load factor improved to 70.1% from 62.8%.

One-time income lifts reported earnings

The headline profit gain included INR 2,422.25 crore of prior-period revenue recognition, mainly linked to revisions in historic energy charges under certain power purchase agreements. Adani Power said continuing profit before tax, which excludes prior-period items, increased 32.5% to INR 4,369.51 crore.

Fuel costs rose 41.8% to INR 10,229.38 crore as volumes increased and the landed cost of imported coal climbed. The company said higher volumes, improved tariffs and merchant realizations, together with controlled operating expenses, supported continuing EBITDA despite the cost pressure.

Capacity pipeline expands

Adani Power is progressing with a planned addition of 23,720 megawatts of thermal capacity. The first 660-megawatt unit of the Korba Phase II project has synchronized with the grid, while the second unit is expected to be commissioned in the fourth quarter of FY27. The Mahan Phase II project is targeted for completion in the early part of FY 2027-28.

The company was also selected as the successful resolution applicant for GVK Energy, which owns the 330-megawatt Alaknanda hydroelectric plant in Uttarakhand. Separately, Adani Power and Druk Green Power Corporation agreed to develop the 770-megawatt Chamkarchhu hydropower project in Bhutan.

Company profile and competition

Adani Power generates, transmits and sells electricity in India through long-term, medium-term and merchant arrangements. Its operating portfolio is concentrated in thermal generation, with projects across several Indian states, while the company is adding hydroelectric assets. Simply Wall St lists NTPC, JSW Energy and NLC India among its competitors. Adani Power is a large private thermal generator, while NTPC operates at greater overall generation scale and JSW Energy has a broader mix of thermal, hydro, wind and solar assets.