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Adani Power Limited Q3 FY26 results deck summary

NSE: ADANIPOWER · BSE: 533096

Results deck of 29 Jan 2026, summarised by AI from the filing.

Adani Power Q3 FY26 reported revenue ₹12,995 cr and PAT ₹2,488 cr, with 3,200 MW Assam PPA awarded and 23,720 MW locked-in capacity.

Key takeaways

  1. New PPAs Awarded 3,200 MW PPA of 25 years with Assam Power Distribution Company Limited and signed 370 MW medium term PPA for 4 years with Uttarakhand DISCOM.
  2. Growth driver Locked-in capacity of 23,720 MW with 100% land availability and 100% BTG sets ordered; 80,000 MW of additional thermal capacity needed by 2032.

Original filing on BSE

Adani Power Limited Q1 FY27 results

As filed: Revenue ₹18,902 cr (+34% year on year), EBITDA ₹7,949 cr (+40% year on year), PAT ₹4,867 cr (+47% year on year), EBITDA margin 42.1% (+176 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹14,223 cr (0% year on year), EBITDA ₹4,732 cr (−2% year on year), PAT ₹4,271 cr (+64% year on year), EBITDA margin 33.3% (−53 bps). Score 40 of 100, In line with trend. Revenue and EBITDA growth were below the company's own trend; profit growth was well above it. EBITDA margin fell 53 bps year on year. Other income 40% of PBT. Tax rate 3%. Share price after the results: +9.0% in 30 days (Nifty 500: −0.5%).
  • Q3 FY26: Revenue ₹12,451 cr (−9% year on year), EBITDA ₹4,238 cr (−16% year on year), PAT ₹2,488 cr (−15% year on year), EBITDA margin 34.0% (−271 bps). Score 31 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was below it; profit growth was in line with it. EBITDA margin fell 271 bps year on year. Revenue fell 7% from last quarter. Share price after the results: +6.0% in 29 days (Nifty 500: +0.4%).
  • Q2 FY26: Revenue ₹13,457 cr (+1% year on year), EBITDA ₹5,150 cr (−2% year on year), PAT ₹2,906 cr (−12% year on year), EBITDA margin 38.3% (−128 bps). Score 35 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was in line with it. EBITDA margin fell 128 bps year on year. Revenue fell 5% from last quarter. Share price after the results: −9.0% in 29 days (Nifty 500: −0.1%).
  • Q1 FY26: Revenue ₹14,109 cr (−6% year on year), EBITDA ₹5,685 cr (−8% year on year), PAT ₹3,305 cr (−16% year on year), EBITDA margin 40.3% (−113 bps). Score 25 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was below it; profit growth was in line with it. EBITDA margin fell 113 bps year on year. Consolidated profit -16% but standalone +27%. Share price after the results: +2.1% in 28 days (Nifty 500: −2.0%).
  • Q4 FY25: Revenue ₹14,237 cr (+7% year on year), EBITDA ₹4,813 cr (−1% year on year), PAT ₹2,599 cr (−5% year on year), EBITDA margin 33.8% (−249 bps). Score 26 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was in line with it. EBITDA margin fell 249 bps year on year. Consolidated profit -5% but standalone +29%. Profit fell 12% from last quarter. Share price after the results: −0.9% in 30 days (Nifty 500: +3.1%).
  • Q3 FY25: Revenue ₹13,671 cr (+5% year on year), EBITDA ₹5,024 cr (+8% year on year), PAT ₹2,940 cr (+7% year on year), EBITDA margin 36.8% (+99 bps). Score 22 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was in line with it. EBITDA margin rose 99 bps year on year. Other income 29% of PBT. Profit fell 11% from last quarter.
  • Q2 FY25: Revenue ₹13,339 cr (+3% year on year), EBITDA ₹5,276 cr (+2% year on year), PAT ₹3,298 cr (−50% year on year), EBITDA margin 39.6% (−25 bps). Score 26 of 100, Below trend. EBITDA margin fell 25 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 11% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Adani Power Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.