Ahmedabad: Adani Power Ltd (APL) reported a 15.5 percent year-on-year decline in consolidated net profit for the quarter ended June 30, 2025 (Q1 FY26), at Rs 3,305.13 crore, down from Rs 3,912.79 crore a year ago. However, the bottom line rose 27.2 percent sequentially from Rs 2,599.23 crore in Q4 FY25, aided by higher other income and improved cost control.
Revenue from operations stood at Rs 14,109.15 crore, down 5.7 percent YoY and marginally lower than Rs 14,237.40 crore in the previous quarter. Power supply revenue, which makes up the bulk of operations, was also Rs 14,109.15 crore, compared to Rs 14,955.63 crore in Q1 FY25 and Rs 14,141.37 crore in Q4 FY25.
Adani Power’s EBITDA for the quarter came in at Rs 6,149.83 crore, down 6.2 percent YoY from Rs 6,712.63 crore and up 17.9 percent QoQ from Rs 5,110.83 crore. The EBITDA margin narrowed to 43.6 percent from 44.9 percent in Q1 FY25, as fuel costs remained high at Rs 7,309.19 crore — though lower than the previous quarter.
Total expenses for the quarter stood at Rs 10,369.39 crore, up 4.2 percent YoY and down 8 percent sequentially. Finance costs rose to Rs 856.93 crore from Rs 811.49 crore a year ago, while depreciation increased to Rs 1,088.59 crore from Rs 995.63 crore.
Electricity sales during the quarter rose slightly to 24.6 billion units (BU) from 24.2 BU in Q1 FY25, but were lower than 26.3 BU in Q4. The plant load factor (PLF) for the quarter was 67 percent, down from 78 percent in Q1 FY25 and 74.2 percent in Q4 FY25, primarily due to reduced generation from the Godda plant and outages in select domestic units.
Adani Power’s installed capacity stood at 17,550 MW at the end of June 2025.
In a statement issued on Friday, Adani Power said the company “continues to leverage its diversified fleet, strategic fuel tie-ups, and execution capabilities” to deliver on India’s growing need for reliable, affordable baseload power.
“India’s power demand is being driven by rapid growth in infrastructure and manufacturing. Adani Power remains committed to being a key contributor to this trend, with our diversified fleet of efficient power plants across the country. Our sustained performance is a result of strategic foresight and timely execution,” said Anil Sardana, Managing Director, Adani Power Limited.
