Adani Power quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	19,439	13,457	+44.5%
EBITDA	8,231	5,150	+59.8%
EBITDA margin	42.3%	38.3%	+4.1 pts
Profit before tax	6,792	3,966	+71.2%
Net profit	7,019	2,906	+141.5%
EPS	₹3.59	₹1.53	+134.6%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	19,439	18,902	14,223	12,451	13,457	14,109	14,237	13,671	13,339	14,956	13,364	12,991	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	512	420	1,766	543	851	465	298	1,162	724	518	518	364
	19,951	19,322	15,989	12,995	14,308	14,574	14,536	14,833	14,063	15,474	13,882	13,355
	10,222	9,513	7,896	6,758	7,205	7,309	7,918	7,425	7,032	7,898	7,380	7,549
	7.6	26.4	147	42.1	11.2	9.6	156	109	81.5	10.7	101	68.9
	191	242	231	216	187	222	190	211	170	213	189	151
	760	901	967	701	842	857	765	957	807	811	820	797
	1,191	1,167	1,147	1,135	1,193	1,089	1,085	1,170	1,059	996	990	1,002
	787	1,172	1,218	1,197	903	883	1,161	903	779	639	844	577
	13,159	13,022	11,605	10,050	10,342	10,369	11,274	10,775	9,929	10,568	10,324	10,145
	8,231	7,949	4,732	4,238	5,150	5,685	4,813	5,023	5,276	6,194	4,850	4,645
	7,040	6,781	3,585	3,103	3,957	4,597	3,728	3,853	4,217	5,199	3,860	3,643
Profit
	6,792	6,300	4,384	2,945	3,966	4,204	3,261	4,059	4,134	4,906	3,558	3,210
	6,792	6,300	4,384	2,945	3,966	4,204	3,261	4,059	4,134	4,906	3,558	3,210
	229	1,476	906	500	144	18.3	−437	222	130	141	14.0	0.0
	−459	75.4	−793	−43.1	915	881	1,099	897	706	851	807	472
	−231	1,552	113	457	1,060	899	662	1,119	837	993	821	472
	−3.0	118	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	7,019	4,867	4,271	2,488	2,906	3,305	2,599	2,940	3,298	3,913	2,737	2,738
	7,022	4,749	4,271	2,488	2,906	3,305	2,599	2,940	3,298	3,913	2,737	2,738
	−33.7	7.2	−0.7	−3.6	21.3	2.6	12.3	−7.4	−14.7	7.1	−5.2	−2.5
	6,986	4,874	4,271	2,485	2,928	3,308	2,612	2,933	3,283	3,920	2,732	2,736
	6,919	4,806	4,017	2,480	2,953	3,385	2,637	3,057	3,332	3,913	2,737	2,738
	99.9	60.9	254	8.5	−46.3	−79.7	−37.7	−117	−34.3	0.0	0.0	0.0
Per share
	₹3.59	₹2.49	₹2.08	₹1.29	₹1.53	₹8.62	₹6.62	₹7.67	₹8.21	₹9.72	₹6.63	₹6.61
	₹3.59	₹2.49	₹2.08	₹1.29	₹1.53	₹8.62	₹6.62	₹7.67	₹8.21	₹9.72	₹6.63	₹6.61
Other comprehensive income — detail
	−33.7	7.2	−0.7	−3.6	21.3	2.6	12.3	—	—	—	—	—
	−30.6	8.9	3.4	−1.4	28.6	3.5	32.0	−6.7	−14.6	2.3	−14.2	7.8
	−7.4	1.9	0.0	−0.6	7.2	0.9	7.8	—	—	—	—	—
	—	—	—	—	—	—	—	−1.0	−4.2	0.6	−3.3	2.0
	−13.5	0.2	−4.1	−2.7	−0.0	—	−11.6	−2.3	−5.7	7.1	−5.9	−8.3
	−3.0	0.0	0.0	0.0	0.0	—	0.2	—	—	—	—	—
	—	—	—	—	—	—	—	−0.6	−1.4	1.8	−11.6	0.0
	6,886	4,813	4,016	2,476	2,974	3,388	2,649	3,050	3,317	3,920	2,732	2,736
	99.9	61.0	254	8.5	−46.2	−79.8	−37.9	−117	−34.3	0.0	0.0	0.0
Per share — as-filed variants
	₹3.59	₹2.49	₹2.08	₹1.29	₹1.53	₹8.62	₹6.62	₹7.67	₹8.21	₹9.72	₹6.63	₹6.61
	₹3.59	₹2.49	₹2.08	₹1.29	₹1.53	₹8.62	₹6.62	₹7.67	₹8.21	₹9.72	₹6.63	₹6.61
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	9,209	9,363	6,181	5,651	6,241	6,790	6,163	6,138	6,225	7,047	5,883	5,374
	47.4%	49.5%	43.5%	45.4%	46.4%	48.1%	43.3%	44.9%	46.7%	47.1%	44.0%	41.4%
Adjusted (ex-exceptional items) — derived
	6,792	6,300	4,384	2,945	3,966	4,204	3,261	4,059	4,134	4,906	3,558	3,210
	7,019	4,867	4,271	2,488	2,906	3,305	2,599	2,940	3,298	3,913	2,737	2,738
	₹3.59	₹2.49	₹2.08	₹1.29	₹1.53	₹8.62	₹6.62	₹7.67	₹8.21	₹9.72	₹6.63	₹6.61

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

ADANIPOWER₹184.59

Adani Power Ltd.

· Energy & Power

Annual Quarterly₹ CrorePeersTATAPOWER JSWENERGY NTPC ADANIENSOL ADANIGREEN POWERGRID NHPC CLEANMAXMcap ₹3.56L Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	12,991.4	13,363.7	14,955.6	13,338.9	13,671.2	14,237.4	14,109.2	13,456.8	12,451.4	14,223.1	18,901.9	19,438.7
Other Income	363.8	517.8	518.3	724.0	1,162.3	298.2	464.6	851.0	543.3	1,766.0	420.4	511.9
Total Income	13,355.3	13,881.5	15,474.0	14,062.8	14,833.4	14,535.6	14,573.7	14,307.8	12,994.7	15,989.1	19,322.3	19,950.6
Expenses
+ Cost of Materials Consumed	7,549.0	7,379.5	7,898.2	7,032.2	7,424.7	7,918.1	7,309.2	7,205.1	6,758.0	7,895.7	9,512.7	10,221.8
+ Purchases of Stock-in-Trade	68.9	100.8	10.7	81.5	108.7	156.1	9.6	11.2	42.1	146.7	26.4	7.6
+ Employee Benefit Expense	151.0	189.4	212.9	170.5	211.4	189.6	221.7	186.9	216.0	230.6	241.8	191.1
+ Finance Costs	796.6	819.6	811.5	806.9	956.5	764.9	856.9	841.6	701.0	967.3	901.4	760.2
+ Depreciation & Amortisation	1,002.2	990.0	995.6	1,058.6	1,170.0	1,084.7	1,088.6	1,193.4	1,135.3	1,147.2	1,167.2	1,191.2
+ Other Expenses	577.2	844.2	639.5	779.1	903.4	1,161.0	883.3	903.5	1,197.2	1,217.6	1,172.3	786.9
Total Expenses	10,144.9	10,323.6	10,568.4	9,928.8	10,774.8	11,274.3	10,369.4	10,341.6	10,049.7	11,605.1	13,021.8	13,158.8
EBITDA	4,645.3	4,849.7	6,194.3	5,275.6	5,022.9	4,812.6	5,685.3	5,150.3	4,238.1	4,732.5	7,948.7	8,231.3
EBIT	3,643.1	3,859.7	5,198.7	4,217.0	3,852.9	3,728.0	4,596.7	3,956.9	3,102.8	3,585.2	6,781.5	7,040.1
Profit
PBT before Exceptional Items	3,210.4	3,557.9	4,905.5	4,134.1	4,058.6	3,261.3	4,204.3	3,966.2	2,945.0	4,384.0	6,300.5	6,791.8
Pretax Income	3,210.4	3,557.9	4,905.5	4,134.1	4,058.6	3,261.3	4,204.3	3,966.2	2,945.0	4,384.0	6,300.5	6,791.8
+ Current Tax	0.0	14.0	141.3	130.3	222.0	-437.0	18.3	144.5	500.0	905.8	1,476.1	228.6
+ Deferred Tax	472.4	806.7	851.4	706.3	896.6	1,099.1	880.9	915.3	-43.1	-793.2	75.4	-459.2
Tax Expense	472.4	820.7	992.7	836.6	1,118.6	662.1	899.2	1,059.7	456.9	112.6	1,551.6	-230.6
+ Share of Associates & JVs	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	117.7	-3.0
Net Income	2,738.0	2,737.2	3,912.8	3,297.5	2,940.1	2,599.2	3,305.1	2,906.5	2,488.1	4,271.4	4,866.6	7,019.3
+ Net Income — Continuing Ops	2,738.0	2,737.2	3,912.8	3,297.5	2,940.1	2,599.2	3,305.1	2,906.5	2,488.1	4,271.4	4,748.9	7,022.4
+ Other Comprehensive Income	-2.5	-5.2	7.1	-14.7	-7.4	12.3	2.6	21.3	-3.6	-0.7	7.2	-33.7
Total Comprehensive Income	2,735.5	2,732.0	3,919.8	3,282.9	2,932.7	2,611.6	3,307.8	2,927.8	2,484.5	4,270.7	4,873.8	6,985.6
Net Income to Common	2,738.0	2,737.2	3,912.8	3,331.8	3,057.2	2,637.0	3,384.9	2,952.8	2,479.6	4,017.1	4,805.7	6,919.5
Minority Interest	0.0	0.0	0.0	-34.3	-117.1	-37.7	-79.7	-46.3	8.5	254.3	60.9	99.9
Per Share
Basic EPS	6.61	6.63	9.72	8.21	7.67	6.62	8.62	1.53	1.29	2.08	2.49	3.59
Diluted EPS	6.61	6.63	9.72	8.21	7.67	6.62	8.62	1.53	1.29	2.08	2.49	3.59
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	12.3	2.6	21.3	-3.6	-0.7	7.2	-33.7
+ Items NOT to be Reclassified to P&L	7.8	-14.2	2.3	-14.6	-6.7	32.0	3.5	28.6	-1.4	3.4	8.9	-30.6
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	7.8	0.9	7.2	-0.6	0.0	1.9	-7.4
+ Tax on Items NOT to be Reclassified — alt tag	2.0	-3.3	0.6	-4.2	-1.0	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	-8.3	-5.9	7.1	-5.7	-2.3	-11.6	—	-0.0	-2.7	-4.1	0.2	-13.5
+ Tax on Items to be Reclassified	—	—	—	—	—	0.2	—	0.0	0.0	0.0	0.0	-3.0
+ Tax on Items to be Reclassified — alt tag	0.0	-11.6	1.8	-1.4	-0.6	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	2,735.5	2,732.0	3,919.8	3,317.1	3,049.8	2,649.5	3,387.6	2,974.0	2,476.0	4,016.3	4,812.9	6,885.8
Comprehensive Income — Non-controlling Interests	0.0	0.0	0.0	-34.3	-117.1	-37.9	-79.8	-46.2	8.5	254.4	61.0	99.9
Per Share — as-filed variants
Basic EPS — Continuing Operations	6.61	6.63	9.72	8.21	7.67	6.62	8.62	1.53	1.29	2.08	2.49	3.59
Diluted EPS — Continuing Operations	6.61	6.63	9.72	8.21	7.67	6.62	8.62	1.53	1.29	2.08	2.49	3.59
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	5,373.6	5,883.4	7,046.7	6,225.2	6,137.8	6,163.2	6,790.3	6,240.6	5,651.3	6,180.6	9,362.8	9,209.3
Gross Margin %	41.36	44.03	47.12	46.67	44.90	43.29	48.13	46.38	45.39	43.45	49.53	47.38
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	3,210.4	3,557.9	4,905.5	4,134.1	4,058.6	3,261.3	4,204.3	3,966.2	2,945.0	4,384.0	6,300.5	6,791.8
Net Income Adj (tax-effected)	2,738.0	2,737.2	3,912.8	3,297.5	2,940.1	2,599.2	3,305.1	2,906.5	2,488.1	4,271.4	4,866.6	7,019.3
EPS Adj	6.61	6.63	9.72	8.21	7.67	6.62	8.62	1.53	1.29	2.08	2.49	3.59
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	2.00	2.00	2.00	2.00	2.00
Filed Debt Equity	—	—	—	—	—	—	—	—	—	—	—	0.79
Filed Dscr	—	—	—	—	—	—	—	—	—	—	—	6.18
Filed Iscr	—	—	—	—	—	—	—	—	—	—	—	8.86
Paid Up Equity Capital	3,856.9	3,856.9	3,856.9	3,856.9	3,856.9	3,856.9	3,856.9	3,856.9	3,856.9	3,856.9	3,856.9	3,856.9

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Adani Power Q2 FY27 results (July–September 2026)

Filed with NSE on Friday, 23 October 2026 at 2:36 pm IST

Adani Power (NSE: ADANIPOWER) reported its Q2 FY27 results (July–September 2026) on Friday, 23 October 2026 at 2:36 pm IST. Consolidated net profit attributable to shareholders was ₹6,919 crore, up 134.3% from ₹2,953 crore in Q2 FY26 and up 44.0% from ₹4,806 crore in Q1 FY27. Revenue from operations was ₹19,439 crore, up 44.5% year on year and up 2.8% from the previous quarter.

Q2 FY26 results (a year earlier): 30 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹6,919 Cr+134.3% vs Q2 FY26+44.0% vs Q1 FY27Total incl. minority interest ₹7,019 Cr
Revenue from operations: ₹19,439 Cr+44.5% vs Q2 FY26+2.8% vs Q1 FY27
Operating margin (EBIT): 36.2%+6.8 pts vs Q2 FY26+0.3 pts vs Q1 FY27EBIT ₹7,040 Cr
EBITDA: ₹8,231 Cr+59.8% vs Q2 FY26+3.6% vs Q1 FY27margin 42.3%
Earnings per share (basic): ₹3.59+134.6% vs Q2 FY26+44.2% vs Q1 FY27
Net profit margin: 35.6%+13.7 pts vs Q2 FY26+10.2 pts vs Q1 FY27

Questions

What was Adani Power's net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹6,919 crore, up 134.3% from ₹2,953 crore in Q2 FY26 and up 44.0% from ₹4,806 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹7,019 crore.

How were Adani Power's Q2 FY27 results?

Both grew from a year earlier: net profit was up 134.3% at ₹6,919 crore and revenue was up 44.5% at ₹19,439 crore. The operating margin was 36.2%, up 6.8 percentage points from 29.4% a year earlier. Against Q1 FY27, net profit was up 44.0% and revenue up 2.8%.

What is Adani Power's net profit margin?

Adani Power's net profit margin was 35.6% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 21.9% in Q2 FY26 (up 13.7 percentage points). For FY26 as a whole it was 23.7%.

What was Adani Power's revenue in Q2 FY27?

Revenue from operations was ₹19,439 crore, up 44.5% year on year and up 2.8% from the previous quarter.

What was Adani Power's EPS in Q2 FY27?

Basic earnings per share were ₹3.59, against ₹1.53 in Q2 FY26.

What was Adani Power's revenue in FY26?

Revenue from operations was ₹54,241 crore in FY26 (April 2025–March 2026), down 3.5% from ₹56,203 crore in FY25. It was ₹50,351 crore in FY24 and ₹38,773 crore in FY23: up 39.9% over three years, 11.8% a year on average.

What was Adani Power's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹7,040 crore, a margin of 36.2%, against 35.9% in Q1 FY27 and 29.4% in Q2 FY26. EBITDA was ₹8,231 crore, 42.3% of revenue.

What was Adani Power's net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹11,725 crore, up 85.0% from ₹6,338 crore in the same months a year earlier. Revenue from operations was ₹38,341 crore, up 39.1%.

What was Adani Power's net profit in FY26?

Consolidated net profit attributable to shareholders was ₹12,834 crore in FY26 (April 2025–March 2026), down 0.8% from ₹12,939 crore in FY25. It was ₹20,829 crore in FY24 and ₹10,727 crore in FY23: up 19.6% over three years, 6.2% a year on average.

How has Adani Power's profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹2,480 crore in Q3 FY26, ₹4,017 crore in Q4 FY26, ₹4,806 crore in Q1 FY27 and ₹6,919 crore in Q2 FY27. That is ₹18,222 crore over the four quarters, up 51.4% from ₹12,032 crore in the four quarters before. Revenue from operations: ₹12,451 crore, ₹14,223 crore, ₹18,902 crore and ₹19,439 crore.

When did Adani Power announce its Q2 FY27 results?

On Friday, 23 October 2026 at 2:36 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 30 October 2025.

When will Adani Power announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Adani Power figures come from?

From Adani Power's own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 23 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.