Adani Power Limited — Q4FY26 earnings call summary

Filed 06 May 2026 · Official transcript

FY27 capex INR25,000 Cr; FY28 capex INR33,000 Cr; capacity additions 1.32 GW (FY27) and 1.6 GW (FY28)
EBITDA expected to reach INR50,000 Cr by FY31 conservatively; capacity target of 42 GW by FY32 on track
FY26 power generation reached 105 billion units; power demand growth was 0.8% for FY26 and 1.6% for Q4 FY26
Thermal capacity expansion of 23.7 GW by 2032 progressing; Korba Phase-II commissioning expected Q2 FY27
Merchant capacity reduced to 5% from 16% at start of FY26; PPA provides revenue stability
Q4 FY26 EBITDA rose 27% y-y to INR6,498 Cr; FY26 EBITDA INR23,431 Cr; PAT INR12,971 Cr
Nuclear power projects under preparation; new sites identified, awaiting govt rules
Net debt INR45,022 Cr at FY26 end; raised INR7,500 Cr via secured NCDs; conservative capital management