Adani Power Limited has informed the Exchange about Transcript
ADANIPOWER · price
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Adani Power reported strong Q4 FY26 results with EBITDA of INR 6,498 crores, up 27% year-on-year, and full-year EBITDA of INR 23,431 crores. PAT for FY26 stood at INR 12,971 crores. The company generated 105 billion units of power in FY26 and has 95% of its 18.15 GW operating capacity tied up under long-term and medium-term PPAs. Management guided EBITDA to reach INR 50,000 crores by FY31 and capacity to expand to 42 GW by FY32. Capex for FY27 is expected at INR 25,000 crores and FY28 at INR 33,000 crores. A new 1,600 MW PPA with Maharashtra DISCOM was secured at INR 5.30 per unit tariff. Korba Phase-II (1.32 GW) is on track for commissioning between June-September 2026, while Mahan Phase-II (1.6 GW) has been delayed to FY28 due to geopolitical factors impacting labour and equipment availability. The company also entered nuclear power with SPVs incorporated and a 570 MW hydro project in Bhutan.
Strong operational performance and high contracted capacity provide earnings visibility and reduce merchant price risk. The aggressive capex programme and new PPAs with improved tariffs support future EBITDA growth trajectory toward INR 50,000 crores.