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Adani Power recorded a 12% decline in its consolidated net profit to INR 2,906 crore for the September quarter, primarily due to higher expenses. While profit fell from INR 3,297.52 crore in the same period last year, total income rose to INR 14,307.79 crore, supported by higher power sales despite lower merchant tariffs and coal prices. The company's consolidated capacity increased to 18,150 MW after acquiring Vidarbha Industries Power Ltd. Adani Power also signed new long-term agreements and advanced several major power projects across multiple states.
Adani Power Limited reported a 12% drop in consolidated net profit to INR 2,906 crore for the September quarter, compared to INR 3,297.52 crore in the corresponding period last year. The decline was mainly driven by higher operating expenses, which stood at INR 10,341.59 crore, up from INR 9,928.76 crore a year earlier. Advertisement
The company's total income, however, grew slightly to INR 14,307.79 crore from INR 14,062.84 crore during the same period last year. Adani Power attributed the increase to higher power sales, which offset the impact of lower merchant tariffs and reduced import coal prices.
According to S. B. Khyalia, CEO of Adani Power, the company maintained stable financial performance despite demand fluctuations caused by weather conditions. He stated that Adani Power's strong profitability and liquidity provide a solid foundation for achieving its goal of expanding capacity to 42 GW by FY 2031-32. The company has already arranged land and equipment for the planned 23.7 GW expansion, and project implementation is progressing at a rapid pace.
Adani Power's consolidated operating capacity increased to 18,150 MW as of September, compared to 17,550 MW in the previous year, following the acquisition of 600 MW Vidarbha Industries Power Ltd. The company is also expanding its market presence with an additional 4.5 GW of long-term Power Purchase Agreements (PPAs) under the SHAKTI scheme.
During the quarter, Adani Power signed a Power Supply Agreement (PSA) for 2,400 MW with Bihar State Power Generation Company Limited. The power will be supplied from a new Ultra-Supercritical Thermal Power Project (USCTPP) in Pirpainti, Bhagalpur. It also received Letters of Allocation (LOAs) from Madhya Pradesh Power Management Company Limited for 1,600 MW from a similar project in Anuppur district and from Power Company of Karnataka Ltd for 570.5 MW from its Raipur thermal power plant.
Vidarbha Industries Power Ltd signed a 500 MW medium-term PPA with Maharashtra DISCOM for five years starting November 2025. Meanwhile, Mahan Energen Ltd received approval from the Ministry of Coal to begin operations at the Dhirauli Mine in Madhya Pradesh, which has reserves of 558 million tonnes and a peak capacity of 6.5 million tonnes per annum.
On the corporate front, Adani Power completed a share split in September 2025 in a 1:5 ratio, reducing the face value of each share from INR 10 to INR 2. Following the split, the number of equity shares increased from 3.85 billion to 19.28 billion.
Regarding project progress, the company reported that brownfield expansion works are advancing steadily. Construction of the Mahan Phase-II 1,600 MW USCTPP has reached 73% completion, Raipur Phase-II 1,600 MW USCTPP is at 35%, and Raigarh Phase-II 1,600 MW USCTPP is at 30%. Additionally, its subsidiary Korba Power Ltd has resumed work on the 1,320 MW Supercritical power project in Chhattisgarh. These projects are expected to be completed in phases between FY 2026-27 and FY 2028-29.
Source PTI
5th Jun, 2025
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