Ahmedabad: Adani Power, India’s largest private thermal power generator, reported a sharp rise in profit for the second quarter of FY27. Consolidated profit after tax jumped 141.5 per cent year-on-year to Rs 7,019.32 crore, compared with Rs 2,906.46 crore in the same quarter last year.
Total reported revenue climbed 39.4 per cent to Rs 19,950.60 crore from Rs 14,307.79 crore a year ago, while reported EBITDA rose 45.7 per cent to Rs 8,743.22 crore.
On a continuing operations basis, revenue from operations grew 29.8 per cent to Rs 17,014.06 crore and continuing EBITDA increased 18.5 per cent to Rs 6,320.97 crore.
For the first half of FY27, PAT nearly doubled to Rs 11,885.92 crore from Rs 6,211.59 crore, while reported revenue rose 36 per cent to Rs 39,272.90 crore.
CEO S.B. Khyalia said the company continues to achieve new milestones in profitability and project execution, adding that the importance of domestic coal-based power in meeting India’s long-term electricity needs is becoming clearer every day.
The company noted that India’s power demand grew 11.5 per cent to 502 billion units in Q2 FY27, with coal and lignite-based generation accounting for 66 per cent of supply. Peak demand touched 270 GW, up 18 per cent year-on-year.
Adani Power sold 26.4 billion units in the quarter, up from 23.7 billion units a year earlier. Plant Load Factor improved to 70.1 per cent from 62.8 per cent, while operating capacity stood at 18,150 MW.
Power sales under long-term PPAs grew 29.7 per cent to 23.4 billion units, with tariff realisation improving 12.7 per cent to Rs 6.4 per kWh. Merchant and short-term realisation rose 33.1 per cent to Rs 7.2 per kWh, though volumes declined 43 per cent as more open capacity was tied up in medium-term contracts.
-IANS