Adani Power Q1 net profit rises 47% to ₹4,867 crore; board approves QIP
Adani Power reported a 47% YoY increase in Q1 net profit to ₹4,867 crore, driven by a 33% rise in revenue to ₹19,322 crore and a 36% jump in EBITDA to ₹8,369 crore. The board approved raising ₹15,000 crore via a Qualified Institutions Placement and increased the borrowing limit from ₹75,000 crore to ₹1,00,000 crore. An EGM is scheduled for August 14, 2026, to seek shareholder approvals.

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Adani Power reported a consolidated net profit of ₹4,866.60 crore for the quarter ended June 30, 2026, marking a 47.2% increase from ₹3,305.13 crore in the corresponding period last year. The strong performance was driven by a 33% year-on-year surge in total revenue to ₹19,322.30 crore and a 36% rise in EBITDA to ₹8,369.09 crore. Alongside the earnings announcement, the board approved raising funds worth ₹15,000 crore via a Qualified Institutions Placement (QIP) and increased the company's borrowing limit to ₹1,00,000 crore.
Q1 Financial Performance
Adani Power's Q1 FY27 results reflected broad-based improvement across key financial metrics, supported by higher power demand and improved tariff realization. Revenue from operations rose to ₹18,901.89 crore compared to ₹14,109.15 crore in the year-ago period. The following table summarises the key financial highlights for the quarter:
| Metric: | Q1 FY27 (₹ in Cr) | Q1 FY26 (₹ in Cr) | YoY Change |
|---|---|---|---|
| Consolidated Net Profit: | 4,866.60 | 3,305.13 | 47.2% |
| Total Revenue: | 19,322.30 | 14,573.70 | 32.6% |
| EBITDA: | 8,369.09 | 6,149.83 | 36.1% |
| Net Profit Margin: | 25.19% | 22.68% | — |
Operational Highlights
The company achieved its highest ever quarterly power generation and dispatch during the quarter. Power sale volumes increased 16.9% year-on-year to 28.8 Billion Units (BU), while the Plant Load Factor (PLF) improved to 77.9% from 67% in the previous year. This operational efficiency contributed to the robust financial growth, with EBITDA margin expanding to 43.3% on a reported basis.
Fund Raising and Borrowing Limits
In a strategic move to bolster financial flexibility, the Board approved raising funds up to ₹15,000 crore through the issuance of equity shares or other eligible securities via a QIP or other permissible modes. Additionally, the company increased its borrowing limits under Section 180(1)(c) of the Companies Act, 2013, from ₹75,000 crore to ₹1,00,000 crore. This revision provides enhanced headroom for raising loans, borrowings, and issuing debt securities.
| Parameter: | Details |
|---|---|
| Previous Borrowing Limit: | ₹75,000 crore |
| Revised Borrowing Limit: | ₹1,00,000 crore |
| Proposed Fund Raise: | ₹15,000 crore via QIP |
The Board has also approved the notice for convening an Extra-Ordinary General Meeting (EGM) on August 14, 2026, to seek shareholder approval for these proposals.
Historical Stock Returns for Adani Power
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.55% | -4.08% | -7.20% | +57.63% | +81.82% | +965.57% |
How will the proceeds from the ₹15,000 crore QIP be allocated, and what specific projects or debt repayments will they target?
What is the expected impact of the increased borrowing limit on Adani Power's leverage ratios and credit ratings?
Can the company sustain the current high Plant Load Factor (PLF) of 77.9% amidst potential fluctuations in power demand?


































