Conference Call with Adani Power Management and Analysts on Q2FY27 Performance and Outlook. Listen to the full earnings transcript.
Electric Utilities company Adani Power announced Q2FY27 results Consolidated Financial Highlights: Total Income: For Q2FY27, consolidated total income stood at Rs 19,950.60 crore, marking a YoY growth of 39.44% from Rs 14,307.79 crore in Q2FY26. On a QoQ basis, total income increased by 3.25% compared to Rs 19,322.30 crore in Q1FY27. For H1FY27, consolidated total income stood at Rs 39,272.90 crore, representing a YoY increase of 35.98% from Rs 28,881.49 crore in H1FY26. Revenue from Operations: Consolidated revenue from operations reached Rs 19,438.68 crore in Q2FY27, growing YoY by 44.45% from Rs 13,456.84 crore in Q2FY26. It recorded a QoQ growth of 2.84% against Rs 18,901.89 crore in Q1FY27. For H1FY27, consolidated revenue from operations stood at Rs 38,340.57 crore, reflecting a YoY growth of 39.09% compared to Rs 27,565.99 crore in H1FY26. Profit Before Tax (PBT): For Q2FY27, consolidated profit before tax was recorded at Rs 6,788.72 crore, which is a YoY increase of 71.16% from Rs 3,966.20 crore in Q2FY26. On a QoQ basis, PBT increased by 5.77% against Rs 6,418.18 crore in Q1FY27. For H1FY27, consolidated PBT stood at Rs 13,206.90 crore, climbing YoY by 61.64% from Rs 8,170.51 crore in H1FY26. Profit After Tax (PAT): Consolidated net profit stood at Rs 7,019.32 crore in Q2FY27, generating a YoY growth of 141.51% from Rs 2,906.46 crore in Q2FY26. On a QoQ basis, net profit grew by 44.23% from Rs 4,866.60 crore in Q1FY27. For H1FY27, consolidated net profit reached Rs 11,885.92 crore, up YoY by 91.35% from Rs 6,211.59 crore in H1FY26. Earnings Per Share (EPS): The basic and diluted EPS stood at Rs 3.59 for Q2FY27, growing YoY by 134.64% from Rs 1.53 in Q2FY26 and rising QoQ by 44.18% from Rs 2.49 in Q1FY27. For H1FY27, the consolidated EPS reached Rs 6.08, which is a YoY increase of 86.50% from Rs 3.26 in H1FY26. Standalone Financial Highlights: Total Income: For Q2FY27, standalone total income reached Rs 18,103.47 crore, reflecting a YoY growth of 42.19% from a restated Rs 12,731.68 crore in Q2FY26. On a QoQ basis, total income grew by 4.78% from a restated Rs 17,277.93 crore in Q1FY27. For H1FY27, standalone total income rose to Rs 35,381.40 crore, up YoY by 35.64% from a restated Rs 26,085.15 crore in H1FY26. Revenue from Operations: Standalone revenue from operations stood at Rs 17,415.64 crore in Q2FY27, showing a YoY growth of 47.78% against a restated Rs 11,784.60 crore in Q2FY26. On a QoQ basis, it expanded by 4.64% compared to a restated Rs 16,643.19 crore in Q1FY27. For H1FY27, standalone operational revenue reached Rs 34,058.83 crore, achieving a YoY rise of 38.58% from a restated Rs 24,576.59 crore in H1FY26. Profit Before Tax (PBT): Standalone PBT was Rs 6,503.12 crore for Q2FY27, shifting YoY by 79.96% from a restated Rs 3,613.64 crore in Q2FY26. On a QoQ basis, PBT increased by 13.56% from a restated Rs 5,726.43 crore in Q1FY27. For H1FY27, standalone PBT stood at Rs 12,229.55 crore, gaining YoY by 59.95% against a restated Rs 7,646.05 crore in H1FY26. Profit After Tax (PAT): Standalone net profit for Q2FY27 was recorded at Rs 6,262.18 crore, marking a YoY advance of 145.20% from a restated Rs 2,553.90 crore in Q2FY26. On a QoQ basis, standalone net profit shifted upward by 48.73% from a restated Rs 4,210.49 crore in Q1FY27. For H1FY27, standalone net profit was Rs 10,472.67 crore, representing a YoY growth of 84.49% from a restated Rs 5,676.56 crore in H1FY26. Earnings Per Share (EPS): Standalone basic and diluted EPS was Rs 3.25 for Q2FY27, improving YoY by 146.21% from a restated Rs 1.32 in Q2FY26 and growing QoQ by 49.08% from a restated Rs 2.18 in Q1FY27. For H1FY27, standalone EPS reached Rs 5.43, gaining YoY by 86.60% from a restated Rs 2.91 in H1FY26. Business Highlights: Segment Wise Performance: The consolidated segment details indicate that the Power Generation and related activities segment brought in revenue of Rs 18,902.92 crore in Q2FY27, compared to Rs 13,456.84 crore in Q2FY26. For H1FY27, Power Generation segment revenue was Rs 37,804.81 crore versus Rs 27,565.99 crore in H1FY26. The Trading, investment and other activities segment brought in revenue of Rs 535.76 crore in Q2FY27 and H1FY27. Power Sales Volume: Consolidated power sale volume was higher by 11.5% at 26.4 BU in Q2FY27 as compared to 23.7 BU in Q2FY26, driven by strong power demand growth. For H1FY27, the units sold reached 55.1 BU compared to 48.3 BU in H1FY26. Plant Load Factor (PLF): The average Plant Load Factor achieved across the operating fleet rose to 70.1% in Q2FY27, compared to 62.8% in Q2FY26. For H1FY27, the aggregate PLF reached 74.1% as compared to 64.8% in H1FY26. Project Execution Updates: The company achieved grid synchronization of the first 660 MW Supercritical Unit of the Korba Phase-II project during the period. S B Khyalia, CEO, Adani Power, said: “Adani Power continues to grow from strength to strength, achieving newer milestones in profitability and project execution. As India’s leading private thermal power producer, our vision is focused on ensuring the timely availability of high quality and reliable power supply to meet the country’s growing baseload requirements. The primacy of domestic coal-based power in meeting India’s long-term power needs has become clearer every day in light of geopolitical events and climate vagaries. We are proud to be the leaders in capacity addition to address the need of 100 GW new thermal power capacities by 2032. We are ensuring, with the determined support of our experienced teams and capable partners, that India will always have access to the power supply it needs round-the-clock to meet its growth aspirations.” Result PDF