TL;DR — Key Takeaways
- Q4 FY26 net profit: Rs 4,271 crore — up 64% YoY
- EBITDA: Rs 6,498 crore — up 27% YoY
- Revenue flat at Rs 14,223 crore — profit driven by lower tax
- Full-year FY26 profit: Rs 12,971 crore
- New: Adani Atomic Energy Limited incorporated — nuclear power entry
Adani Power, India’s largest private-sector thermal power generator, reported a 64% YoY surge in Q4 FY26 net profit on April 29, 2026.
Q4 FY26 Key Numbers
- Net Profit: Rs 4,271.40 crore — up 64.33% YoY from Rs 2,599.23 crore
- Revenue from Operations: Rs 14,223.09 crore — broadly flat YoY
- Total Income: Rs 15,989.09 crore vs Rs 14,535.60 crore in Q4 FY25
- EBITDA: Rs 6,498 crore — up 27% YoY
- Profit Before Tax: Rs 4,383.98 crore
- Tax Expense: Just Rs 113 crore — significantly lower due to deferred tax adjustments
Full Year FY26
- Net Profit: Rs 12,971.08 crore vs Rs 12,749.61 crore in FY25
- Revenue: Rs 54,241 crore vs Rs 56,203 crore in FY25
- Power Generation: 105 Billion Units milestone achieved
Why Profit Jumped 64% Despite Flat Revenue
The jump was driven by: (1) significantly lower tax expenses — just Rs 113 crore vs Rs 457 crore in Q3 FY26 due to deferred tax adjustments; (2) EBITDA growth of 27% from cost discipline and contribution from recently acquired Vidarbha Industries Power.
Nuclear Power Entry Confirmed
Adani Power has incorporated Adani Atomic Energy Limited — a long-term strategic entry into India’s nuclear power sector. Commercial generation is years away but marks a significant strategic direction.
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