Adani Power’s profit doubled to ₹6,919 crore:Revenue rose 44% in Q2; reason-higher electricity demand and sales

Adani Power’s profit reached ₹6,919 crore in the second quarter of financial year 2027. The company’s profit was more than double the ₹2,953 crore recorded in the same quarter last year. The company’s revenue from operations rose 44% to ₹19,438 crore, compared with ₹13,457 crore in the same quarter a year earlier. The increase in the company’s revenue was driven by electricity demand and better selling rates. Along with the rise in revenue, the company’s operating profit also increased. EBITDA rises 59.8% to ₹8,231.6 crore The company’s operating profit, or EBITDA – its profit from core operations before deducting tax, interest and other expenses – rose 59.8% to ₹8,231.6 crore, compared with ₹5,150 crore in the second quarter of last year. Meanwhile, the EBITDA margin improved by 435 basis points, rising from 38% to 42.35%. This means the company’s revenue, profit and margin all increased. In other words, the company reported strong quarterly results. EBITDA is used for two main purposes Power sales rose 11.5%, while fuel costs increased 41.8% In the September quarter, the company’s consolidated power sales rose 11.5% to 26.4 billion units (BU), compared with 23.7 BU a year earlier. Both power demand and prices rose in India According to the company’s power market update, India’s power demand rose 11.5% to 502 BU in the September quarter, driven by economic growth and a weak monsoon. CEO said: The importance of domestic coal-based power has increased Adani Power Chief Executive Officer (CEO) S B Khyalia said the company had set new records in project execution and profitability. He stressed the importance of domestic coal-based thermal power in meeting the country’s growing electricity needs. Khyalia said that amid tensions around the world and unpredictable weather patterns, the importance of domestic coal-based power in meeting India’s long-term energy needs was becoming clearer every day. Adani Power’s future plans Adani Power to increase thermal capacity by 23,720 megawatts Adani Power is working on a plan to add 23,720 megawatts (MW) of thermal power capacity. New Power Supply Agreements and Entry into Hydropower During the September quarter, Adani Power secured several new projects and agreements…