Adani Power quarterly results and financials

Adani Power (ADANIPOWER)₹206.00+0.78%(9 Nov 2026 close)Integrated Power Utilities

Key facts

In the Sep 2026 quarter (consolidated), Adani Power reported sales of ₹19,421 Cr, up 44.4% from Sep 2025, and net profit of ₹7,007 Cr, up 141.4% year on year. For the year to Mar 2026, sales were ₹54,150 Cr and net profit ₹12,962 Cr.

Sales (Sep 2026): ₹19,421 Cr
Net profit (Sep 2026): ₹7,007 Cr
Sales (FY Mar 2026): ₹54,150 Cr
Net profit (FY Mar 2026): ₹12,962 Cr
EPS (Sep 2026): ₹3.58
Borrowings (Mar 2026): ₹54,608 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Adani Power quarterly results

₹ crore unless stated; each column is a quarter.

Adani Power Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	12,984	13,354	14,933	13,324	13,659	14,230	14,099	13,450	12,443	14,199	18,873	19,421
Expenses	8,345	8,505	8,763	8,060	8,646	9,423	8,417	8,308	8,210	9,483	10,952	11,197
Operating Profit	4,626	4,831	6,165	5,258	4,999	4,792	5,664	5,128	4,223	4,709	7,923	8,196
OPM %	36.0%	36.0%	41.1%	40.0%	37.0%	34.1%	40.1%	38.0%	34.0%	33.1%	42.0%	42.0%
Other Income	363	517	517	723	1,160	298	464	849	542	1,762	537	511
Interest	799	822	813	809	960	767	859	844	703	969	903	762
Depreciation	1,002	991	997	1,060	1,171	1,086	1,090	1,193	1,135	1,148	1,168	1,192
Profit before tax	3,207	3,553	4,902	4,127	4,054	3,259	4,200	3,962	2,940	4,378	6,405	6,783
Tax %	14.9%	22.9%	19.9%	20.0%	27.9%	19.9%	20.9%	26.9%	15.9%	3.0%	23.9%	−3.0%
Net Profit	2,733	2,734	3,909	3,293	2,939	2,597	3,300	2,903	2,486	4,268	4,862	7,007
EPS (Rs)	1.41	1.41	2.02	1.72	1.58	1.36	1.75	1.52	1.28	2.07	2.48	3.58

Adani Power profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Adani Power Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	25,354	22,575	20,278	23,849	26,458	26,201	27,682	38,731	50,313	56,175	54,150	64,936
Expenses	16,575	16,623	14,852	18,887	20,724	17,525	17,811	28,685	32,092	34,779	34,405	39,842
Operating Profit	8,766	5,955	5,412	4,961	5,710	8,655	9,840	10,056	18,156	21,325	19,711	25,052
OPM %	35.0%	26.0%	27.0%	21.0%	22.0%	33.0%	36.1%	26.0%	36.0%	38.1%	37.1%	38.6%
Other Income	−201	−3,660	752	2,444	322	1,906	3,900	4,210	9,870	2,586	3,618	3,352
Interest	5,576	5,919	5,587	5,667	5,327	5,122	4,103	3,343	3,396	3,349	3,374	3,338
Depreciation	2,667	2,675	2,701	2,752	3,009	3,201	3,120	3,304	3,935	4,314	4,568	4,643
Profit before tax	375	−6,247	−2,077	−974	−2,262	2,286	6,569	7,660	20,764	16,349	15,479	20,506
Tax %	−47.1%	−1.0%	0.0%	1.0%	0.0%	45.0%	25.0%	−40.1%	0.0%	21.9%	15.9%	—
Exceptional items	0.00	−4,075	−5.99	−27.99	−1,040	−10.99	−50.01	−38.97	−3.99	−11.99	59.99	—
Net Profit	550	−6,162	−2,102	−984	−2,274	1,268	4,906	10,716	20,804	12,739	12,962	18,623
EPS (Rs)	0.32	−3.19	−1.08	−0.50	−1.17	0.65	2.54	5.54	10.78	6.69	6.65	9.41
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Adani Power balance sheet

₹ crore, at each year end.

Adani Power Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2,867	3,325	3,851	3,849	3,850	3,852	3,851	3,850	3,847	3,847	3,847	3,848
Reserves	2,864	4,151	−860	−2,976	3,866	2,632	9,282	14,638	25,849	39,150	52,631	61,179
Borrowings	44,698	52,668	52,429	52,797	46,958	55,180	52,390	49,146	42,579	34,819	39,442	54,608
Other Liabilities	8,046	15,606	16,075	15,808	13,342	13,343	12,959	14,329	13,546	14,192	16,994	21,756
Total Liabilities	58,475	75,750	71,495	69,478	68,016	75,005	78,480	81,963	85,822	92,008	1,12,913	1,41,391
Fixed Assets	45,056	56,861	54,350	52,047	50,409	55,787	52,767	53,220	51,417	62,973	69,279	69,310
CWIP	191	87.83	125	120	350	2,344	6,432	10,263	12,869	924	12,089	35,023
Investments	356	0.00	163	0.00	2.99	2.99	19.94	182	652	373	1,093	1,510
Other Assets	12,872	18,801	16,858	17,311	17,254	16,872	19,262	18,298	20,884	27,738	30,450	35,548
Inventories	1,630	1,621	1,762	874	1,226	2,524	2,026	2,262	3,079	4,148	3,320	3,629
Trade receivables	3,494	12,482	7,715	6,079	8,561	8,369	11,453	9,563	11,531	11,677	13,039	11,807
Cash & equivalents	854	866	602	855	913	1,975	1,602	2,359	1,868	7,189	6,101	6,908
Total Assets	58,475	75,750	71,495	69,478	68,016	75,005	78,480	81,963	85,822	92,008	1,12,913	1,41,391

Adani Power cash flow

₹ crore, for each year.

Adani Power Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	5,807	5,246	4,712	5,085	5,597	5,583	6,998	10,200	8,404	14,127	21,457	20,454
Cash from investing activity	−4,745	−2,697	−1,212	−521	−985	−2,308	−2,189	775	1,547	3,484	−17,167	−26,485
Cash from financing activity	−1,144	−2,714	−3,541	−4,598	−4,660	−2,376	−5,658	−10,344	−10,399	−16,873	−5,178	6,552
Net cash flow	−58.02	−148	−25.99	−19.02	−37.02	917	−828	669	−433	787	−816	608
Capex	3,081	1,985	857	947	966	2,236	3,629	3,447	3,255	2,610	11,603	23,442
Free cash flow	3,090	3,281	3,871	4,163	4,644	3,372	3,399	6,786	5,176	11,536	9,941	−2,809
CFO / OP %	125.0%	60.0%	79.0%	94.0%	113.0%	99.0%	81.0%	106.0%	84.0%	78.0%	100.0%	103.0%

Adani Power ratios

Working-capital days and returns, by year.

Adani Power Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	69	180	125	110	132	116	160	127	110	86	86	80
Cash conversion cycle	68	179	124	109	131	115	159	126	109	85	85	79
Working capital days	−161	−154	−208	−269	−90	−77	−38	−46	−6	16	18	0
ROCE %	7.0%	11.1%	6.0%	6.0%	9.1%	7.0%	12.0%	16.0%	16.0%	32.1%	23.0%	17.1%

Adani Power: frequently asked questions

What are the latest quarterly results of Adani Power?

For the Sep 2026 quarter, Adani Power reported sales of ₹19,421 Cr, up 44.4% year on year and net profit of ₹7,007 Cr, up 141.4% year on year. The operating margin was 42.0%.

What is the annual revenue of Adani Power?

Adani Power's sales for the year to Mar 2026 were ₹54,150 Cr; over the last twelve months they were ₹64,936 Cr.

What is the net profit of Adani Power?

Net profit for the year to Mar 2026 was ₹12,962 Cr, and ₹18,623 Cr over the last twelve months. Earnings per share over the same trailing period were ₹9.41.

How much debt does Adani Power have?

Adani Power reported borrowings of ₹54,608 Cr at Mar 2026, against cash and equivalents of ₹6,908 Cr.

What is the free cash flow of Adani Power?

Cash from operations was ₹20,454 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹2,809 Cr.

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