Adani Power Limited saw a 5.3% increase in its profit before tax (PBT) for the third quarter of FY26, reaching Rs 2,800 crore compared to Rs 2,659 crore in the same period last year. This growth was supported by lower finance costs and stable operating performance, despite subdued power demand due to extended monsoons and cooler weather conditions. The company’s CEO, S.B. Khyalia, highlighted the strong performance and robust liquidity maintained by Adani Power, attributing it to competitive advantages and cost-efficient power plants.
The company’s revenue for the quarter ending December 31, 2025, stood at Rs 12,717 crore, slightly lower than the previous year’s Rs 13,434 crore, as power tariffs softened in the merchant market. However, the continuing EBITDA remained strong at Rs 4,636 crore, showcasing operational resilience in a challenging demand environment. Adani Power’s operations were affected by flat power demand across India during the quarter, with energy consumption at around 392 billion units, slightly lower than the previous financial year.
Adani Power secured a significant long-term power purchase agreement of 3,200 MW from Assam Power Distribution Company Limited during the quarter, marking a milestone achievement. This agreement, along with other long-term and medium-term PPAs, now ties up around 90% of the company’s existing operating capacity, providing increased revenue visibility and reducing exposure to short-term market fluctuations. The company’s total expansion capacity under PPAs has now reached 11.7 GW, as per regulatory filings.
For the nine-month period ending December 2025, Adani Power reported a continuing PBT of Rs 9,896 crore, down from Rs 10,679 crore in the same period the previous financial year, impacted by higher depreciation from newly acquired plants. The continuing profit after tax for the nine months was reported at Rs 8,700 crore, with power sale volumes rising by 3.4% to 71.8 billion units, supported by higher effective operating capacity.
