Adani Power H1 FY27 revenue up 36% to ₹39,273 Cr, PAT up 91%; targets 45 GW base load capacity by FY32
H1 FY27 revenue up 36% to ₹39,273 Cr, EBITDA up 41% to ₹17,112 Cr, PAT up 91% to ₹11,886 Cr.
By ScoutQuest · · 1 min read
- H1 FY27 Revenue
- ₹39,273 Cr (+36% YoY)
- H1 FY27 EBITDA
- ₹17,112 Cr (+41%)
- H1 FY27 PAT
- ₹11,886 Cr (+91%)
- Period
- Q2 FY27
- Positioning
- Adani Power describes itself as India's largest private base load power company, with 18,330 MW installed across 13 assets and 95%+ of operating capacity tied up in PPAs.
📈 H1 FY27 reported revenue was ₹39,273 Cr (+36% YoY), reported EBITDA ₹17,112 Cr (+41%), continuing EBITDA ₹13,304 Cr (+20%) and PAT ₹11,886 Cr (+91%). Q2 FY27 PAT was ₹7,019 Cr, helped by a one-time prior period revenue recognition of Rs. 2,422 Crore from realisation of past dues.
📌 The company says higher PPA dispatch (23.2 BU vs 18 BU) offset lower merchant volumes, with realisations of Rs. 6.4/kWh under PPAs and Rs. 7.2/kWh merchant, and calls itself India's largest private base load power company.
🏭 Management states it is expanding to 45 GW by FY 2031-32 through 23.7 GW of ongoing thermal projects at an estimated capex of ₹ 2 Trillion, plus 3 GW further additions; it also targets 10 GW nuclear by 2035 and 5 GW hydro in Bhutan.
🏭 Net debt stood at ₹45,846 Cr at Sep'26 with net debt to continuing EBITDA of 1.91x (TTM) and cash of ₹16,014 Cr; the presentation says credit parameters were maintained despite major capex growth.
Also from Adani Power
Adani Power files audio recording link of October 26, 2026 post-results analysts/investors call
26 Oct 2026
Adani Power reported quarterly results with a strong profit surge, stock saw a good recovery intraday
23 Oct 2026
Consolidated results for the 3 Months ended 30.09.2026 (Unaudited)
23 Oct 2026
More numbers
- Reported revenue, H1 FY2739,273 (INR Cr)
- Reported EBITDA, H1 FY2717,112 (INR Cr)
- Continuing EBITDA, H1 FY2713,304 (INR Cr)
- Profit after tax, H1 FY2711,886 (INR Cr)
- PAT growth, H1 FY2791.35%
- Profit after tax, Q2 FY277,019 (INR Cr)
- One-time prior period income, Q2 FY27Rs. 2,422 Crore
- Net debt, 30 Sep 202645,846 (INR Cr)
- Cash and cash equivalents, 30 Sep 202616,014 (INR Cr)
- Estimated capex for 23.7 GW expansion₹ 2 Trillion
- RoE, Sep'26 TTM27.0%
- RoCE, Sep'26 TTM22.1%
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