Adani Power reported a 47.24% year-on-year (YoY) rise in its Q1FY27 net profit to Rs 4,866.60 crore, up from Rs 3,305.13 crore reported in Q1FY26.
The company reported a one-time net recognition of revenues pertaining to prior periods of Rs 1,386.34 crore in Q1 FY27, primarily due to revision in historic energy charges under certain PPAs compared to Rs 406.21 Crore in Q1 FY26.
The company’s revenue stood at Rs 18,901.89 crore in Q1FY27, up 33.97% from Rs 14,109.15 crore reported in Q1FY26.
Power demand and PPA tie-ups drive revenue growth
During the quarter, Adani Power recognised Rs 117.69 crore as share of profit from an associate, following the acquisition of stake in Jaiprakash Power Ventures.
For Q1 FY27, continuing operating revenue increased by 28.08% to Rs 17,550.43 crore from Rs 13,702.94 crore a year ago. This growth was driven by a significant increase in power demand, higher operating capacity, and improved tariff realisation, it explained.
The rise in power demand, higher operating capacity, and PPA tie-ups of previously open capacity such as the Butibori and Mutiara (Tuticorin) power plants contributed to boost power sale volumes during Q1 FY27, it added.
Power sales under PPAs grew by 30.3% to 24.5 billion Units (BU), while tariff realisation improved by 8.5% YoY to Rs 5.95/kWh in Q1 FY27.
Merchant and short-term realisation improved by 13.1% to Rs 7.04/kWh in Q1 FY27 due to strong demand.
Power generation capacity rises to 18,330 MW
The Adani Power’s installed power generation capacity increased to 18,330 MW in Q1 FY27 from 17,550 MW in the year-ago period.
Its consolidated power sale volume climbed 16.9% to 28.8 BU in Q1 FY27 from 24.6 BU a year ago due to higher operating capacity and strong power demand growth.
“As we expand our reach further with the acquisition of Jaiprakash Associates’ stake in power assets, we are also diversifying into domestic and international hydro power projects and preparing ourselves to enter new opportunities in the nuclear power field. We are strongly committed to helping India meet its long-term development goals with the supply of reliable and competitive electricity,” S B Khyalia, CEO of Adani Power, said.
The board also approved raising up to Rs 15,000 crore by issuance of equity shares with a face value of Rs 2 each and/or other eligible securities or any combination thereof, by way of qualified institutions placement or other permissible mode, in one or more tranches.
The board cleared the proposal for increasing the borrowing limit from Rs 75,000 crore to Rs 1,00,000 crore. APL’s ongoing capital expenditure programme to expand generation capacity to 45 GW is progressing as planned.