Mumbai, Jan 29 (.) Adani Power has officially informed the stock exchange that it has posted a 18.9% fall in its consolidated net profit at Rs 2,479.58 crore for the third quarter (Q3) of the financial year 2025-26 (FY26) from Rs 3,057.21 crore reported during the same period last year.
Consolidated revenue from operations fell by 8.9% to Rs 12,451 crore year-on-year (Y-o-Y) from Rs 13,671 crore and on a sequential basis, revenue dropped 7.5% from Rs 13,456.84 crore.
The company statement informed that its revenue from operations and other income includes amounts from previous years, based on orders received from different regulatory bodies such as MERC, CERC, APTEL and the Supreme Court, as well as reconciliations related to various claims concerning changes in laws, carrying costs and delayed payment interest.
However, the company insisted that its profitability has remained “robust” despite temporary disruptions in demand.
Adani Power Limited CEO S B Khyalia said, “We are swiftly securing long-term power purchase agreements for our upcoming capacities, with nearly half of our 23.7 GW expansion already tied up in power purchase agreements (PPAs) with state distribution companies. Our project execution is progressing exceptionally well, meeting or exceeding our targets”.
According to the statement, in Q3 FY26, the total power sale volume of the company reached 23.6 billion units (BUs), compared to 23.3 BUs in Q3 FY25, even in the face of demand disruptions caused by an early and extended monsoon.
The company secured a new long-term power purchase agreement award for 3,200 MW from the Assam Power Distribution Company, in the quarter being reported.
In its exchange filing, Adani Power stated that it reported an EBITDA of Rs 4,636.38 crore for Q3 FY26, which is a decline from Rs 4,785.51 crore in Q3 FY25.
The statement mentioned that it has continued to benefit from robust liquidity and strong profitability, which have aided in maintaining low leverage despite ongoing capacity expansion efforts.
According to the statement, as of December 31, 2025, the company’s total debt outstanding stands at Rs 45,330.79 crore, which is an increase from Rs 38,334.88 crore as of March 31, 2025.
The company’s net debt as of December 31, 2025 is Rs 38,679.28 crore, compared to Rs 31,023.43 crore as of March 31, 2025. The increase in debt has been attributed to bridge financing for capital expenditures.
. BA SAS PRS