Adani Power Limited — Q2FY27 earnings call summary

Filed 30 October 2026 · Official transcript

Management expects normal PLF of 65% going forward; strong power demand outlook for FY28
Multiple analyst queries on tariff pass-through, capacity additions, and coal cost impact
Q2 FY27 power sales grew 11.5% to 26.4 billion units; PLF improved to 70%
Reported PAT surged 142% to INR7,019 Cr; H1 FY27 PAT nearly INR12,000 Cr (+91%)
Credit rating upgraded to AA+; secured 25-year 1,320 MW PPA for Korba 2 project
First 660 MW unit at Korba Phase-II synchronized; commissioning expected Q3 FY27
Expanding hydro portfolio with 770 MW JV project in Bhutan; 62% of 24 GW thermal pipeline tied up
Fuel costs rose 42% due to higher imported coal prices; tariffs have pass-through mechanisms