Adani Power Reports Outstanding Q1 FY27 Results: Net Profit Surges 47.2% YoY to ₹4,866.60 Crore on Operational Growth

Adani Power Limited (CIN: L40100GJ1996PLC030533) has disclosed its unaudited consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). India's largest private thermal power producer recorded stellar top-line growth and a sharp rise in net profitability, driven by robust power demand and expanded generation capacity across its plant network.

Executive Financial Summary

Revenue from Operations: Surged 33.97% YoY to ₹18,901.89 crore in Q1 FY27 compared to ₹14,109.15 crore in Q1 FY26. Sequentially, revenue jumped 32.89% QoQ from ₹14,223.09 crore recorded in Q4 FY26.

Other Income: Stood at ₹420.41 crore in Q1 FY27, compared to ₹464.55 crore in Q1 FY26 and ₹1,766.00 crore in Q4 FY26.

Total Income: Reached ₹19,322.30 crore for the quarter, registering a 32.58% YoY increase over ₹14,573.70 crore in Q1 FY26 and expanding 20.85% QoQ compared to ₹15,989.09 crore in Q4 FY26.

Profit Before Tax (PBT): Rose 52.66% YoY to ₹6,418.18 crore in Q1 FY27 against ₹4,204.31 crore in Q1 FY26 (includes ₹117.69 crore share of profit in associate and joint venture). Sequentially, PBT grew 46.40% QoQ from ₹4,383.98 crore in Q4 FY26.

Total Tax Expense: Came in at ₹1,551.58 crore during Q1 FY27, comprising current tax of ₹1,476.14 crore and a deferred tax charge of ₹75.44 crore.

Net Profit (PAT): Surged 47.24% YoY to ₹4,866.60 crore in Q1 FY27 compared to ₹3,305.13 crore in Q1 FY26. Sequentially, net profit expanded 13.93% QoQ over ₹4,271.40 crore in Q4 FY26.

Total Comprehensive Income: Reached ₹4,873.83 crore for the quarter, up 47.34% YoY from ₹3,307.77 crore in Q1 FY26.

Earnings Per Share (EPS): Basic and diluted EPS for the quarter rose to ₹2.49 per share (face value ₹2/- each), compared to ₹1.72 in Q1 FY26 and ₹2.08 in Q4 FY26.

Operating Expenditure & Cost Structure

Total Expenses: Stood at ₹13,021.81 crore in Q1 FY27, up 25.58% YoY compared to ₹10,369.39 crore in Q1 FY26 and 12.21% QoQ against ₹11,605.11 crore in Q4 FY26.

Fuel Cost: The primary operational expenditure rose 30.15% YoY to ₹9,512.70 crore in Q1 FY27 (vs. ₹7,309.19 crore in Q1 FY26 and ₹7,895.72 crore in Q4 FY26), reflecting higher power generation volumes.

Purchases of Stock-in-trade / Power for Resale: Accounted for ₹26.42 crore (vs. ₹9.62 crore in Q1 FY26).

Transmission Charges: Stood at ₹139.53 crore in Q1 FY27 (vs. ₹114.78 crore in Q1 FY26).

Employee Benefits Expense: Outlay was ₹241.79 crore for the quarter (vs. ₹221.73 crore in Q1 FY26).

Finance Costs: Increased slightly to ₹901.37 crore in Q1 FY27 compared to ₹856.93 crore in Q1 FY26, but decreased sequentially from ₹967.26 crore in Q4 FY26.

Depreciation & Amortization: Accounted for ₹1,167.23 crore in Q1 FY27 (vs. ₹1,088.59 crore in Q1 FY26 and ₹1,147.23 crore in Q4 FY26).

Other Expenses: Came in at ₹1,032.77 crore during the quarter (vs. ₹768.55 crore in Q1 FY26).

Segment Performance Analysis

Power Generation & Related Activities: Generated segment revenue of ₹18,901.89 crore in Q1 FY27, up 33.97% YoY from ₹14,109.15 crore in Q1 FY26. Segment results (profit) for power generation stood at ₹6,502.68 crore compared to ₹4,263.00 crore in Q1 FY26 (+52.54% YoY).

Trading, Investment & Other Activities: Delivered segment profit of ₹37.27 crore in Q1 FY27 compared to ₹13.93 crore in Q1 FY26.

Key Financial Ratios & Balance Sheet Metrics

Operating Margin: Expanded to 42.12% in Q1 FY27 compared to 40.30% in Q1 FY26 and 34.28% in Q4 FY26.

Net Profit Margin: Stood at 25.19% in Q1 FY27 vs. 22.68% in Q1 FY26 and 26.71% in Q4 FY26.

Debt to Equity Ratio: Maintained a comfortable 0.82x as of June 30, 2026 (vs. 0.78x as of June 30, 2025).

Interest Service Coverage Ratio (ISCR): Stood at 8.61x for Q1 FY27, demonstrating robust debt servicing capabilities.

Debt Service Coverage Ratio (DSCR): Improved to 6.03x in Q1 FY27 from 5.47x in Q1 FY26.

Current Ratio: Stood at 1.22x as of June 30, 2026.

Net Worth: Expanded significantly to ₹71,391.83 crore as of June 30, 2026, up from ₹57,252.25 crore as of June 30, 2025.

Total Assets: Stood at ₹1,52,946.00 crore at the end of the quarter, compared to ₹1,19,106.70 crore as of June 30, 2025.

Source : Equity Bulls

Keywords

AdaniPower Q1FY27 Q1FY2027 ResultUpdate