ADANIPOWER quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Adani Power Ltd reported sales of ₹19,439 Cr, operating profit of ₹8,228 Cr (OPM 42%) and net profit of ₹7,019 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
ADANIPOWER quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
13,671
14,237
14,109
13,457
12,451
14,223
18,902
19,439
Expenses
8,648
9,425
8,424
8,307
8,213
9,491
10,953
11,210
Operating Profit
5,023
4,813
5,685
5,150
4,238
4,732
7,949
8,228
OPM
37%
34%
40%
38%
34%
33%
42%
42%
Other Income
1,162
298
465
851
543
1,766
538
512
Interest
957
765
857
842
701
967
901
760
Depreciation
1,170
1,085
1,089
1,193
1,135
1,147
1,167
1,191
Profit before tax
4,059
3,261
4,204
3,966
2,945
4,384
6,418
6,789
Tax
28%
20%
21%
27%
16%
3%
24%
-3%
Net Profit
2,940
2,599
3,305
2,906
2,488
4,271
4,867
7,019
EPS in Rs
1.59
1.37
1.76
1.53
1.29
2.08
2.49
3.59
ADANIPOWER profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
27,711
38,773
50,351
56,203
54,241
65,015
Expenses
17,830
28,677
32,124
34,785
34,434
39,868
Operating Profit
9,881
10,096
18,228
21,418
19,806
25,147
OPM
36%
26%
36%
38%
37%
39%
Other Income
3,908
4,216
9,883
2,590
3,625
3,359
Interest
4,095
3,334
3,388
3,340
3,367
3,330
Depreciation
3,118
3,304
3,931
4,309
4,565
4,641
Profit before tax
6,577
7,675
20,792
16,360
15,500
20,536
Tax
25%
-40%
0%
22%
16%
-
Net Profit
4,912
10,727
20,829
12,750
12,971
18,645
EPS in Rs
2.55
5.56
10.8
6.71
6.66
9.45
Dividend Payout
0%
0%
0%
0%
0%
-
ADANIPOWER balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
3,857
3,857
3,857
3,857
3,857
Reserves
39,042
52,490
54,594
61,080
72,901
Borrowings
34,862
39,495
48,464
54,670
63,061
Other Liabilities
14,248
17,076
18,636
21,861
25,821
Total Liabilities
92,009
1,12,918
1,25,551
1,41,469
1,65,640
Fixed Assets
63,016
69,297
71,102
69,401
68,530
CWIP
925
12,104
19,779
35,053
45,539
Investments
374
1,097
50
1,516
8,569
Other Assets
27,694
30,418
34,620
35,498
43,001
Total Assets
92,009
1,12,918
1,25,551
1,41,469
1,65,640
ADANIPOWER cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
10,233
8,431
14,170
21,501
20,514
Cash from Investing Activity
774
1,545
3,481
-17,142
-26,461
Cash from Financing Activity
-10,338
-10,408
-16,864
-5,175
6,555
Net Cash Flow
669
-433
787
-816
608
Free Cash Flow
6,799
5,188
11,568
9,957
-2,817
CFO/OP
106%
84%
78%
100%
103%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit