Adani Power on Wednesday reported a 64 per cent jump in its net profit to Rs 4,271.40 crore for the fourth quarter ended March 31, 2026, compared with Rs 2,599.23 crore in the corresponding period last year. Its revenue from operations in January-March 2026 stood at Rs 14,223.09 crore, almost flat as compared with Rs 14,237.40 crore in the year-ago period.
The company said its operating performance remained steady despite fluctuations in power demand during the quarter.
Its reported EBITDA rose 27% YoY to Rs 6,498 crore in Q4FY27, aided by recognition of prior-period income. However, continuing EBITDA, considered a better reflection of core operations, grew at a more moderate pace of 9.3% YoY to Rs 5,573 crore, indicating stable underlying earnings
momentum.
Shares of Adani Power on Wednesday closed at Rs 217.80 apiece on the NSE, which is 2.48% lower than the previous close.
Its Ebitda margin for the March quarter came in at 33.27%, marginally lower than 33.80% recorded in the same period last year.
Power demand trends remained mixed during the quarter. India’s total electricity consumption rose 1.6% year-on-year to 422 billion units in Q4, with demand momentum improving toward the end of the period as rising temperatures boosted usage.
However, the average market clearing price on the Indian Energy Exchange day-ahead market fell more than 12% during the quarter, weighing on spot power tariffs. As a result, merchant and short-term power sales volumes declined to 5.2 billion units from 5.6 billion units in the corresponding quarter last year, indicating softer demand in the spot market.
Even so, total power sales volumes increased to 27.2 billion units from 26.4 billion units a year ago, aided by stronger contribution from tied-up capacities and ramp-up in operational assets.
