Adani Power Limited has informed the Exchange about Presentation
ADANIPOWER · price
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Adani Power reported a weak Q1 FY26 with continuing revenue down 5.9% YoY to ₹14,167 Cr, continuing EBITDA down 8.7% to ₹5,744 Cr, and profit after tax falling 15.5% to ₹3,305 Cr, mainly due to lower power demand from early monsoons, weaker merchant tariffs, and a 67% plant load factor (vs 78% YoY). The company completed the 600 MW VIPL acquisition in July 2025, raising operating capacity to 18,150 MW, and signed a new 1,500 MW (net) 25-year PPA with UPPCL for a 1,600 MW ultra-supercritical plant. It also highlighted a locked-in organic growth pipeline of 12,520 MW (8 projects, targeting 30,670 MW total by FY30) with 100% BTG equipment already ordered. Credit ratings were upgraded to AA/Stable by ICRA, CARE and India Ratings, while net debt rose to ₹37,437 Cr with leverage at 1.78x (up from 1.44x).
Short-term, shareholders face margin pressure as earnings declined across all metrics and leverage ticked up. Longer term, the locked-in 12,520 MW pipeline, new PPAs, completed acquisition, and improved credit profile support a stronger growth runway, though execution and tariff recovery remain key watchpoints.