Adani Power reported its consolidated financial results for Q2 FY26, posting a mixed performance with steady revenue growth but lower profitability. The company’s net profit declined 11.9% year-on-year to Rs 2,906.46 crore, even as revenue from operations improved 0.9% YoY to Rs 13,456.84 crore. Total income for the quarter stood at Rs 14,307.79 crore, up 1.7% YoY.
The decline in profit was driven by higher expenses, which rose 4.2% YoY to Rs 10,341.59 crore. Tax expenses also increased sharply by 26.7% YoY to Rs 1,059.74 crore, resulting in margin pressure during the quarter.
Key Financial Highlights (Consolidated)
| Metric | Q2 FY26 | Q2 FY25 | YoY Change |
|---|---|---|---|
| Revenue from operations | Rs 13,456.84 cr | Rs 13,338.88 cr | +0.9% |
| Other income | Rs 850.95 cr | Rs 723.96 cr | +17.6% |
| Total income | Rs 14,307.79 cr | Rs 14,062.84 cr | +1.7% |
| Total expenses | Rs 10,341.59 cr | Rs 9,928.76 cr | +4.2% |
| Profit before tax | Rs 3,966.20 cr | Rs 4,134.08 cr | -4.1% |
| Net profit | Rs 2,906.46 cr | Rs 3,297.52 cr | -11.9% |
Performance Overview
Adani Power delivered modest top-line growth in Q2 FY26, but elevated expenses and a sharp increase in tax costs weighed on earnings, leading to a double-digit decline in profitability. The company continues to maintain strong operational scale, supported by steady demand trends.
Disclaimer
The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
