India's Adani Power quarterly profit doubles on strong power demand, one-off gains

Adani Power

23/10/2026 10:59

Oct 23 (Reuters) - India's Adani Power ADAN.NS reported a more than 100% rise in quarterly profit on Friday, boosted by strong power demand due to a weak monsoon season and one-off gains.

Here are some details:
 
The company, part of billionaire Gautam Adani-led Adani group, said its net profit rose to 69.20 billion rupees ($728.9 million) in the three months ended September 30 from 29.53 billion rupees a year earlier
Profit was boosted by 24.22 billion rupees in one-time revenue, after revisions to historical energy charges under certain power purchase agreements 
The firm also benefited from a 12.11 billion rupee reversal of earlier tax expenses
Adani Power's revenue from operations increased 44.5% to 194.39 billion rupees, while power sales rose by 11.5%
Total expenses rose 27.2% during the quarter
Jefferies analysts said power demand has risen 10% year-over-year so far in fiscal 2027
El Nino has been partly responsible, and this could extend into 2027, said Jefferies, adding that state electricity boards are discussing locking in 2027 power as shortages could reappear with rising temperatures
     



($1 = 94.9400 Indian rupees)

 (Reporting by Puyaan Singh in Bengaluru; Editing by Mrigank Dhaniwala)
 ((Puyaan.Singh@thomsonreuters.com;))