Adani Power Limited — Quarter ended 31 March 2026 (audited; standalone and consolidated)
Adani Power Limited — Audited Consolidated Financial Results for the quarter and year ended 31 March 2026 (₹ in Crores)
| Sr. No. | Particulars | 3 Months ended 31.03.2026 (refer note 30) | 3 Months ended 31.12.2025 (Unaudited) | 3 Months ended 31.03.2025 (refer note 30) | For the year ended 31.03.2026 (Audited) | For the year ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| (a) | Revenue from Operations (Refer note 9) | 14,223.09 | 12,451.44 | 14,237.40 | 54,240.52 | 56,203.09 |
| (b) | Other Income (Refer note 9) | 1,766.00 | 543.26 | 298.20 | 3,624.76 | 2,702.74 |
| Total Income | 15,989.09 | 12,994.70 | 14,535.60 | 57,865.28 | 58,905.83 | |
| 2 | Expenses | |||||
| (a) | Fuel Cost | 7,895.72 | 6,758.04 | 7,918.09 | 29,168.02 | 30,273.25 |
| (b) | Purchases of Stock-in-trade / Power for resale | 146.74 | 42.14 | 156.10 | 209.66 | 356.99 |
| (c) | Transmission Charges (Refer note 10) | 115.76 | 237.66 | 86.03 | 557.42 | 459.09 |
| (d) | Employee Benefits Expense (Refer note 26) | 230.55 | 216.04 | 189.58 | 855.18 | 784.40 |
| (e) | Finance Costs | 967.26 | 701.01 | 764.90 | 3,366.83 | 3,339.79 |
| (f) | Depreciation and Amortisation Expenses | 1,147.23 | 1,135.30 | 1,084.65 | 4,564.53 | 4,308.88 |
| (g) | Other Expenses | 1,101.85 | 959.49 | 1,074.97 | 3,644.13 | 3,023.92 |
| Total Expenses | 11,605.11 | 10,049.68 | 11,274.32 | 42,365.77 | 42,546.32 | |
| 3 | Profit before Share of profit of Joint Venture and Tax (1-2) | 4,383.98 | 2,945.02 | 3,261.28 | 15,499.51 | 16,359.51 |
| 4 | Share of Profit from Joint Venture (net of tax) | – | – | – | – | – |
| 5 | Profit before tax (3+4) | 4,383.98 | 2,945.02 | 3,261.28 | 15,499.51 | 16,359.51 |
| 6 | Tax Expenses | |||||
| – Current Tax | 905.78 | 534.61 | (438.59) | 1,560.53 | 54.89 | |
| – Tax (Credit) / Expense relating to earlier years | – | (58.87) | 1.59 | (16.28) | 1.61 | |
| – Deferred tax (Credit) / Charge | (793.20) | (18.81) | 1,099.05 | 984.18 | 3,553.40 | |
| Total Tax Expenses | 112.58 | 456.93 | 662.05 | 2,528.43 | 3,609.90 | |
| 7 | Net Profit (5-6) | 4,271.40 | 2,488.09 | 2,599.23 | 12,971.08 | 12,749.61 |
| 8 | Other Comprehensive (Loss) / Income | |||||
| (a) | Items that will not be reclassified to profit or loss: | |||||
| Remeasurement Gain / (Loss) of defined benefit plans | 4.67 | (1.41) | 31.98 | 35.37 | 12.96 | |
| Income Tax impact | (1.30) | 0.58 | (7.83) | (8.85) | (3.14) | |
| (b) | Items that will be reclassified to profit or loss: | |||||
| Exchange differences on translation of foreign operations | (4.10) | (2.74) | – | (6.85) | * | |
| Net movement on Effective portion of Cash Flow Hedges | – | – | (11.60) | – | (12.51) | |
| Income Tax impact | – | – | (0.23) | – | – | |
| Total Other Comprehensive (Loss) / Income (a+b) | (0.73) | (3.57) | 12.32 | 19.67 | (2.69) | |
| 9 | Total Comprehensive Income (after tax) (7+8) | 4,270.67 | 2,484.52 | 2,611.55 | 12,990.75 | 12,746.92 |
Net Profit attributable to:
| Particulars | 3 Months ended 31.03.2026 | 3 Months ended 31.12.2025 | 3 Months ended 31.03.2025 | For the year ended 31.03.2026 | For the year ended 31.03.2025 |
|---|---|---|---|---|---|
| Equity holders of the parent | 4,017.08 | 2,479.58 | 2,636.97 | 12,834.30 | 12,938.77 |
| Non – Controlling interests | 254.32 | 8.51 | (37.74) | 136.78 | (189.16) |
Other Comprehensive (Loss) / Income attributable to:
| Particulars | 3 Months ended 31.03.2026 | 3 Months ended 31.12.2025 | 3 Months ended 31.03.2025 | For the year ended 31.03.2026 | For the year ended 31.03.2025 |
|---|---|---|---|---|---|
| Equity holders of the parent | (0.78) | (3.58) | 12.51 | 19.51 | (2.50) |
| Non – Controlling interests | 0.05 | 0.01 | (0.19) | 0.16 | (0.19) |
Total Comprehensive Income attributable to:
| Particulars | 3 Months ended 31.03.2026 | 3 Months ended 31.12.2025 | 3 Months ended 31.03.2025 | For the year ended 31.03.2026 | For the year ended 31.03.2025 |
|---|---|---|---|---|---|
| Equity holders of the parent | 4,016.30 | 2,475.94 | 2,649.48 | 12,853.81 | 12,936.27 |
| Non – Controlling interests | 254.37 | 8.52 | (37.93) | 136.94 | (189.35) |
Adani Power Limited — Consolidated Statement of Assets and Liabilities as at 31 March 2026 (₹ in Crores)
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-current Assets | ||
| (a) Property, Plant and Equipment | 66,814.60 | 66,707.23 |
| (b) Right-of-use Assets | 2,261.28 | 2,319.82 |
| (c) Capital Work-In-Progress | 35,053.46 | 12,104.42 |
| (d) Investment Properties | 92.25 | 48.69 |
| (e) Goodwill | 204.52 | 204.52 |
| (f) Other Intangible Assets | 28.81 | 17.19 |
| (g) Financial Assets | ||
| (i) Investments | 24.64 | 59.51 |
| (ii) Loans | 7.50 | – |
| (iii) Other Financial Assets | 690.36 | 691.41 |
| (h) Non-Current Tax Assets (Net) | 192.06 | 216.55 |
| (i) Deferred Tax Assets (Net) | 811.39 | – |
| (j) Other Non-current Assets | 7,410.97 | 4,219.00 |
| Total Non-current Assets | 113,591.84 | 86,588.34 |
| Current Assets | ||
| (a) Inventories | 3,623.48 | 3,317.28 |
| (b) Financial Assets | ||
| (i) Investments | 1,491.35 | 1,037.70 |
| (ii) Trade Receivables | 11,791.37 | 13,022.07 |
| (iii) Cash and Cash Equivalents | 927.88 | 319.86 |
| (iv) Bank Balances other than (iii) above | 5,998.44 | 5,800.02 |
| (v) Loans | 10.99 | 6.82 |
| (vi) Other Financial Assets | 2,161.97 | 887.51 |
| (c) Current Tax Assets (Net) | – | 196.41 |
| (d) Other Current Assets | 2,682.60 | 1,725.78 |
| Total Current Assets | 28,688.08 | 26,313.45 |
| Assets classified as held for sale | – | 15.78 |
| Total Assets | 142,279.92 | 112,917.57 |
| EQUITY AND LIABILITIES | ||
| EQUITY | ||
| (a) Equity Share Capital | 3,856.94 | 3,856.94 |
| (b) Instrument entirely Equity in nature | – | 3,056.92 |
| (c) Other Equity | 61,079.94 | 49,433.23 |
| Equity attributable to owners of the parent | 64,936.88 | 56,347.09 |
| (d) Non – Controlling Interests | 1,465.04 | 1,326.47 |
| Total Equity | 66,401.92 | 57,673.56 |
| LIABILITIES | ||
| Non-current Liabilities | ||
| (a) Financial Liabilities | ||
| (i) Borrowings | 42,829.60 | 27,646.96 |
| (ia) Lease Liabilities | 1,049.27 | 1,094.04 |
| (ii) Other Financial Liabilities | 185.69 | 1.17 |
| (b) Provisions | 359.90 | 339.64 |
| (c) Deferred Tax Liabilities (Net) | 5,827.15 | 4,022.73 |
| (d) Other Non-current Liabilities | 5,298.18 | 5,698.48 |
| Total Non-current Liabilities | 55,549.79 | 38,803.02 |
| Current Liabilities | ||
| (a) Financial Liabilities | ||
| (i) Borrowings | 10,725.94 | 10,687.92 |
| (ia) Lease Liabilities | 65.48 | 65.95 |
| (ii) Trade Payables | ||
| – total outstanding dues of micro enterprises and small enterprises | 183.98 | 215.73 |
| – total outstanding dues of creditors other than micro enterprises and small enterprises | 2,656.55 | 2,761.93 |
| (iii) Other Financial Liabilities | 4,049.65 | 1,230.62 |
| (b) Other Current Liabilities | 994.38 | 1,348.74 |
| (c) Provisions | 96.96 | 70.24 |
| (d) Current Tax Liabilities (Net) | 1,555.27 | 59.86 |
| Total Current Liabilities | 20,328.21 | 16,440.99 |
| Total Liabilities | 75,878.00 | 55,244.01 |
| Total Equity and Liabilities | 142,279.92 | 112,917.57 |
Adani Power Limited — Consolidated Statement of Cash flows for the year ended 31 March 2026 (₹ in Crores)
| Particulars | For the year ended March 31, 2026 (Audited) | For the year ended March 31, 2025 (Audited) |
|---|---|---|
| (A) Cash flows from operating activities | ||
| Profit before tax | 15,499.51 | 16,359.51 |
| Adjustments to reconcile profit before tax to net cash flows: | ||
| Depreciation and Amortisation Expenses | 4,564.53 | 4,308.88 |
| Unrealised Foreign Exchange Fluctuation (Gain) (Net) | (109.91) | (91.13) |
| Income from Investment valued at FVTPL | (48.06) | (97.24) |
| Loss on Sale / retirement / write off of Property, Plant and Equipment (Net) | – | 112.89 |
| Provision for Capital work in progress | 3.11 | 1.18 |
| Amortised Government Grant Income | (400.31) | (400.31) |
| Gain on sale of Investments | (23.45) | – |
| Liability no longer required written back | (115.44) | (169.21) |
| Finance Costs | 3,366.83 | 3,339.79 |
| Interest income | (1,953.05) | (1,443.96) |
| Provision / (Reversal of provision) for Stores and Spares | 3.59 | (25.35) |
| Bad debts / sundry balance written off | 71.15 | 36.77 |
| Provision for doubtful balances | – | 17.73 |
| Operating profit before working capital adjustments | 20,858.50 | 21,949.55 |
| Working capital adjustments: | ||
| (Increase) / Decrease in Inventories | (234.10) | 1,312.66 |
| Decrease / (Increase) in Trade Receivables | 1,370.40 | (341.63) |
| (Increase) in Other Financial Assets | (699.32) | (273.77) |
| (Increase) / Decrease in Other Assets | (657.27) | 320.69 |
| (Decrease) in Trade Payables | (182.16) | (879.95) |
| Increase in Other Financial Liabilities | 146.78 | 205.53 |
| (Decrease) in Other Liabilities | (267.50) | (814.87) |
| Increase in Provisions | 76.06 | 31.24 |
| (447.11) | (440.10) | |
| Cash flows from operating activities | 20,411.39 | 21,509.45 |
| Add: Income tax Refund / (Paid) | 102.26 | (8.34) |
| Net cash flows generated from operating activities (A) | 20,513.65 | 21,501.11 |
| (B) Cash flows from investing activities | ||
| Payment towards acquisition of Property, Plant and Equipment, including Capital advances | (23,350.09) | (11,559.04) |
| Capital work in progress and intangible assets | – | – |
| Proceeds from Sale of Property, Plant and Equipment / Assets classified as held for sale | 19.40 | 15.16 |
| Payment towards investments in Joint Venture | (24.50) | – |
| Proceeds from Sale of Non-current investments | 137.40 | – |
| Payment towards Non-current investments | (76.00) | (59.50) |
| Payment towards acquisition of subsidiaries (Net of Cash and Cash Equivalent acquired) | (3,964.76) | (5,580.61) |
| Payment towards acquisition of business | – | (815.00) |