Adani Power reported an 11.8 per cent YoY profit decline in the second quarter of the financial year 2025-26. The Adani Group company posted a consolidated net profit of Rs 2,906.46 crore in Q2 FY26. The company’s consolidated net profit in Q2 FY25 was Rs 3,297.52 crore.
Furthermore, the company reported a marginal 0.88 per cent revenue growth in the quarter. Adani Power’s consolidated revenue from operations in Q2 FY26 stood at Rs 13,456.84 crore. In the corresponding quarter of FY25, the company’s consolidated revenue was at Rs 13,338.88.
Adani Power’s EBITDA also remained flat in the quarter. The company posted an EBITDA of Rs 6,001.24 crore in Q2 FY26, compared to Rs 5,999.54 crore in Q2 FY25, growing just 0.03 per cent.
Adani Power: Demand and business in Q2
Adani Power stated that demand was subdued in the quarter due to the early onset of the monsoon. The company said that unprecedented weather patterns have disrupted demand in peak and non-peak hours, subduing tariffs in the merchant market.
Furthermore, the company noted that power demand growth numbers were further affected by a high base effect due to the heat wave phenomenon and the resultant surge in demand in H1 FY25.
Adani Power said that its all-India energy demand grew at a slower pace of 3.2 per cent to 449.2 billion units in Q2 FY26 as compared to 435.1 billion units in Q2 FY25.
Adani Power’s operating capacity grew from 17,550 MW as of Q2 FY25 to 18,150 MW as of Q2 FY26. The capacity increase was primarily due to the acquisition of the 600 MW capacity from Vidarbha Industries Power Ltd.