Adani Power Limited — Q1FY27 earnings call summary

Filed 29 July 2026 · Official transcript

Merchant capacity reduced as more capacity tied up under PPAs; stable EBITDA expected due to long-term contracts
Plant Load Factor improved to 78% from 67% in Q1 FY26; power sales volume up 17% to 29 billion units
Signed 25-year PPA for 1,600 MW with Maharashtra DISCOM; capacity expansion on track with Korba Phase-II commissioning in FY27
Q1 FY27 revenue grew 27% y-y to INR17,936 Cr; continuing EBITDA up 22% to INR6,983 Cr; PAT rose 47% to INR4,867 Cr
Net debt at INR47,643 Cr; maintaining net debt/EBITDA between 2-3x during INR2 lakh Cr capex program
Exploring nuclear power with 10 GW target by 2035, pending government rules
Acquired 180 MW Churk plant and stakes in Jaiprakash Power Ventures and Prayagraj Power