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Adani Power Ltd.

PowerPower Generation/Distribution

www.adanipower.com BSE: 533096NSE: ADANIPOWER

₹176.50BSE4.80%

23 Oct, 12:30 PM

₹176.50

₹3.57L Cr

25.02

5.12

21.94%

₹186.20

₹175.50

₹254.15

₹128.35

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Price Performance

Peer Comparison

Name
Adani Power Ltd. ADANIPOWER	176.50	25.02	3,56,670.43	0.00	4,866.60	47.24%	18,901.89	33.97%	17.79
NTPC LTD NTPC	293.30	10.54	2,84,403.22	2.98	6,896.44	12.90%	50,740.96	7.81%	8.52
POWER GRID POWERGRID	242.65	14.49	2,25,679.15	3.63	3,598.42	-0.89%	11,496.72	2.68%	9.74
ADANIGREEN ADANIGREEN	1,188.70	109.69	1,95,799.83	0.00	747.00	15.99%	4,258.00	41.56%	9.90
ADANIENSOL ADANIENSOL	1,213.00	42.65	1,48,344.38	0.00	1,363.92	144.82%	10,075.54	52.76%	9.71
TATA POWER TATAPOWER	341.70	29.24	1,09,184.75	0.71	1,400.86	10.98%	19,051.26	5.63%	11.63
JSW ENERGY JSWENERGY	441.50	43.26	80,948.26	0.43	532.70	-36.27%	5,207.13	1.24%	8.50
NHPC NHPC	69.57	19.13	69,883.31	2.23	1,178.09	4.15%	3,808.31	18.50%	6.16

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	14,955.63	13,338.88	13,671.18	14,237.40	14,109.15	13,456.84	12,451.44	14,223.09	18,901.89
Expenses	8,761.32	8,063.30	8,648.26	9,424.77	8,423.87	8,306.55	8,213.37	9,490.62	10,953.21
	6,194.31	5,275.58	5,022.92	4,812.63	5,685.28	5,150.29	4,238.07	4,732.47	7,948.68
	41.42%	39.55%	36.74%	33.80%	40.29%	38.27%	34.04%	33.27%	42.05%
	518.32	723.96	1,162.26	298.20	464.55	850.95	543.26	1,766.00	420.41
Interest	811.49	806.87	956.53	764.90	856.93	841.63	701.01	967.26	901.37
	995.63	1,058.59	1,170.01	1,084.65	1,088.59	1,193.41	1,135.30	1,147.23	1,167.23
	4,905.51	4,134.08	4,058.64	3,261.28	4,204.31	3,966.20	2,945.02	4,383.98	6,418.18
	20.24%	20.24%	27.56%	20.30%	21.39%	26.72%	15.52%	2.57%	24.17%
	3,912.79	3,331.80	3,057.21	2,636.97	3,384.86	2,952.78	2,479.58	4,017.08	4,805.69
	10.14	8.64	7.93	6.84	8.78	1.53	1.29	2.08	2.49

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
Operating Income	27,711.18	38,773.30	50,351.25	56,203.09	54,240.52
Operating Income (Net)	27,711.18	38,773.30	50,351.25	56,203.09	54,240.52
EXPENDITURE :
Power Generation & Distribution Cost	15,950.54	26,214.60	29,178.89	31,089.33	29,935.10
Employee Cost	470.31	569.99	643.70	784.40	855.18
Operating Expenses	872.66	973.92	1,113.84	1,401.03	1,785.99
General and Administration Expenses	239.77	454.72	472.04	559.74	595.96
Miscellaneous Expenses	363.74	515.41	762.08	1,063.15	1,262.18
	17,897.02	28,728.64	32,170.55	34,897.65	34,434.41
Operating Profit (Excl OI)	9,814.16	10,044.66	18,180.70	21,305.44	19,806.11
	3,981.46	4,409.25	9,968.73	2,702.74	3,718.03
	13,795.62	14,453.91	28,149.43	24,008.18	23,524.14
Interest	4,100.95	3,475.53	3,426.59	3,339.79	3,460.10
PBDT	9,694.67	10,978.38	24,722.84	20,668.39	20,064.04
	3,117.54	3,303.68	3,931.33	4,308.88	4,564.53
Profit Before Taxation & Exceptional Items	6,577.13	7,674.70	20,791.51	16,359.51	15,499.51
	6,577.13	7,674.70	20,791.51	16,359.51	15,499.51
Provision for Tax	1,665.55	-3,051.94	-37.28	3,609.90	2,528.43
	4,911.58	10,726.64	20,828.79	12,749.61	12,971.08
Extra items				0.00	0.00
Minority Interest				189.16	-136.78
Consolidated Net Profit	4,911.58	10,726.64	20,828.79	12,938.77	12,834.30
Profit Balance B/F	-13,921.23	-9,582.49	477.08	19,680.90	31,785.24
Appropriations	-9,009.65	1,144.15	21,305.87	32,619.67	44,619.54
	12.73	27.81	54.00	33.55	6.66
Adjusted EPS	2.55	5.56	10.80	6.71	6.66

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	3,856.94	3,856.94	3,856.94	3,856.94	3,856.94
Total Reserves	1,631.50	12,803.72	31,973.09	49,433.23	61,079.94
Reserve excluding Revaluation Reserve	1,631.50	12,803.72	31,973.09	49,433.23	61,079.94
	5,488.44	16,660.66	35,830.03	53,290.17	64,936.88
Minority Interest				1,326.47	1,465.04
Secured Loans	31,043.24	26,743.52	26,410.52	27,129.02	42,567.88
Unsecured Loans	20,043.08	20,174.08	7,499.49	3,574.86	261.72
Deferred Tax Assets / Liabilities	2,499.78		-60.54	4,022.73	5,015.76
Other Long Term Liabilities	5,541.94	4,271.47	6,242.81	6,793.69	6,533.14
Long Term Provisions	220.87	226.95	237.45	339.64	359.90
Total Non-Current Liabilities	59,348.91	51,416.02	40,329.73	41,859.94	54,738.40
Trade Payables	3,508.21	3,079.45	3,608.63	2,977.66	2,840.53
Other Current Liabilities	5,721.06	8,971.43	5,757.40	4,245.87	6,769.81
Short Term Borrowings	7,240.37	5,671.58	6,396.95	9,087.36	9,065.64
Short Term Provisions	674.03	22.13	25.69	130.10	1,652.23
Total Current Liabilities	17,143.67	17,744.59	15,788.67	16,440.99	20,328.21
Total Liabilities	81,981.02	85,821.27	91,948.43	1,12,917.57	1,41,468.53
Gross Block	73,944.96	74,608.79	90,709.26	1,01,061.62	1,05,627.82
Less: Accumulated Depreciation	20,670.75	23,862.35	27,693.41	31,812.86	36,318.61
Net Block	53,274.21	50,746.44	63,015.85	69,248.76	69,309.21
Capital Work in Progress	10,269.74	12,879.54	925.12	12,104.42	35,053.46
Non Current Investments	0.01	42.51	0.01	59.51	24.64
Long Term Investment	0.01	42.51	0.01	59.51	24.64
Long Term Loans & Advances	1,068.32	1,190.96	1,916.38	4,866.29	8,057.22
Other Non Current Assets	1,140.67	703.88	504.49	260.67	243.67
Total Non-Current Assets	65,752.95	66,268.27	66,361.85	86,588.34	1,12,780.45
Currents Investments	183.24	611.54	373.50	1,037.70	1,491.35
Inventories	2,258.27	3,075.20	4,142.10	3,317.28	3,623.48
Sundry Debtors	9,560.92	11,529.36	11,677.48	13,022.07	11,791.37
Cash and Bank	2,364.68	1,873.65	7,211.76	6,119.88	6,926.32
Other Current Assets	332.49	636.31	473.44	1,222.77	3,131.54
Short Term Loans and Advances	1,528.47	1,826.94	1,708.30	1,593.75	1,724.02
Total Current Assets	16,228.07	19,553.00	25,586.58	26,313.45	28,688.08
Net Current Assets (Including Current Investments)	-915.60	1,808.41	9,797.91	9,872.46	8,359.87
Total Assets	81,981.02	85,821.27	91,948.43	1,12,917.57	1,41,468.53
Contingent Liabilities	1,470.75	1,679.26	1,675.54	1,140.66	707.26
Total Debt	62,010.68	55,467.05	41,771.86	41,391.80	53,555.54
	14.23	43.20	92.90	138.17	33.67
Adjusted Book Value	2.85	8.64	18.58	27.63	33.67

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	6,577.13	7,674.70	20,791.51	16,359.51	15,499.51
Adjustment	3,575.33	2,185.08	-2,113.86	5,590.04	5,358.99
Changes In working Capital	304.61	-1,350.60	-4,450.08	-440.10	-447.11
Cash Flow after changes in Working Capital	10,457.07	8,509.18	14,227.57	21,509.45	20,411.39
Cash Flow from Operating Activities	10,232.73	8,430.53	14,170.15	21,501.11	20,513.65
Cash Flow from Investing Activities	572.11	1,544.43	3,482.32	-17,142.05	-26,460.56
Cash Flow from Financing Activitie	-10,337.86	-10,408.46	-16,864.03	-5,175.45	6,554.93
Net Cash Inflow / Outflow	466.98	-433.50	788.44	-816.39	608.02
Opening Cash & Cash Equivalents	113.04	782.37	349.23	1,136.25	319.86
Cash & Cash Equivalent on Amalgamation / Take over / Merger	202.35	0.36
Effect of Foreign Exchange Fluctuations			-1.42
Closing Cash & Cash Equivalent	782.37	349.23	1,136.25	319.86	927.88

Ratios

Valuation

25.02

5.12

15.72

6.04

7.39

36.14

Profitability

21.94

17.79

10.20

36.52

23.91

Leverage & Liquidity

0.82

1.41

5.48

Returns

0.00

0.43

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	72.71	74.96	74.96	74.96	74.96	74.96	74.96	74.96	74.96	74.96
	16.16	14.19	13.95	14.02	14.22	14.22	15.06	15.43	15.84	15.50
	11.13	10.85	11.09	11.03	10.82	10.81	9.99	9.62	9.20	9.54
	27.29	25.04	25.04	25.04	25.04	25.04	25.05	25.04	25.04	25.04
No. of Shareholders	17,90,384	17,42,783	18,85,684	18,91,234	18,14,142	20,12,647	21,47,981	20,87,011	21,16,256	21,80,320

Mutual Funds Invested(224)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 97 active funds hold 3.70% in Adani Power Ltd., contributing to ₹14.55K Cr of holdings

Fund				As of
SB SBI Aggressive Hybrid Fund - Growth - Direct PlanHybrid - Aggressive Hybrid Fund	2,652.00	3.08	13,00,00,000	Sep '26
SB SBI Focused Fund - Growth - Direct PlanEquity - Focused Fund	2,244.00	4.47	11,00,00,000	Sep '26
QU Quant Small Cap Fund - Growth - Direct PlanSmall cap Fund	1,266.87	3.56	6,21,01,565	Sep '26
QU Quant ELSS Tax Saver Fund - Growth - Direct PlanEquity - ELSS - Tax Saver Fund	1,191.08	9.09	5,83,86,294	Sep '26
KO Kotak Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	1,073.99	1.43	5,26,46,500	Sep '26
SB SBI Multicap Fund - Growth - Direct PlanMulti Cap Fund	816.00	3.48	4,00,00,000	Sep '26
IN Invesco India Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	642.80	2.11	3,15,09,800	Sep '26
QU Quant Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	585.69	8.01	2,87,10,097	Sep '26
SB SBI Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	476.81	1.03	2,33,73,200	Sep '26
IP ICICI Prudential Arbitrage Fund - Growth - Direct PlanHybrid - Arbitrage Fund	390.78	1.10	1,91,55,800	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-09-28	Board Meeting	Quarterly Results
2026-06-29	Board Meeting	Quarterly Results
2026-06-01	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

PowerPower Generation/Distribution

Adani Power Ltd. operates in the Power sector under the Power Generation/Distribution industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

9 members across the board and senior leadership

Puneet Bansal

Company Secretary & Compliance Officer

—

Gautam S Adani

Chairman

—

Rajesh S Adani

Non Executive Director

—

Anil Sardana

Managing Director

—

Manmohan Srivastava

Non Executive Independent Director

₹50.02 L

Mar '26

Shailesh Haribhakti

Non Executive Independent Director

₹21.61 L

Mar '26

Narendra Nath Misra

Non Executive Independent Director

₹17.70 L

Mar '26

Sangeeta Singh

Non Executive Independent Director

₹49.35 L

Mar '25

SB Khyalia

Whole Time Director & Chief Executive Officer

₹10.19 Cr

Mar '26

ADANIPOWER Latest News

News

10 of 10 articles

COMPANY14 Oct 2026 · 12:21

Adani Power wins LoA for 1,234 MW Thermal Power supply

The power supply under the Power Supply Agreement will be for a period of 25 years

EQUITY9 Oct 2026 · 15:39

Adani Power informs about SAST

EQUITY6 Oct 2026 · 09:44

Adani Power informs about signing of shareholders agreement

EQUITY6 Oct 2026 · 09:42

Adani Power shines on signing shareholders pact with DGPC for 770 MW hydroelectric project in Bhutan

The project will strengthen Bhutan’s clean energy generation capacity and enhance regional energy cooperation

COMPANY6 Oct 2026 · 09:19

Adani Power signs shareholders pact with DGPC for 770 MW hydroelectric project in Bhutan

The project will strengthen Bhutan’s clean energy generation capacity and enhance regional energy cooperation

EQUITY29 Sept 2026 · 09:55

Adani Power informs about update

EQUITY8 Sept 2026 · 14:38

Adani Power soars on recognizing for outstanding ESG performance by NSE Sustainability

Adani Power’s continuous focus on a wide range of ESG initiatives and its operational excellence is benchmarked against best industry standards

COMPANY8 Sept 2026 · 14:30

Adani Power recognized for outstanding ESG performance by NSE Sustainability

Adani Power’s continuous focus on a wide range of ESG initiatives and its operational excellence is benchmarked against best industry standards

COMPANY28 Aug 2026 · 14:43

Adani Power executes SPA to sell entire stake in Chandenvalle Infra Park

Post completion of the transaction, CIPL shall cease to be a subsidiary of the company

EQUITY18 Aug 2026 · 09:35

Adani Power informs about credit rating

ADANIPOWER

₹176.50

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