Adani Power Limited (ADANIPOWER) — Financial Results

1 Financial Results 🔴 High Importance Neutral 📄 PDF

Investor Takeaways

Reported consolidated revenue of ₹14,223.09 Cr in Q4FY26 with net profit of ₹4,271.4 Cr and OPM of 33.27%

Q4FY26 EPS of ₹2.08 reflects profitability trend across four consecutive quarters

⚠️ No specific risks identified in this filing

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹14,223.09 Cr	N/A
Net Profit	₹4,271.4 Cr	N/A
EBITDA	N/A	N/A
EPS	[amount context mismatch]	N/A
OPM	33.27%	N/A

What Changed

The filing announces the board's approval of unaudited financial results for Q4FY26, covering the quarter ended June 30, 2026. The company reported revenue of ₹14,223.09 Cr, up from ₹13,456.84 Cr in Q2FY26 and ₹12,451.44 Cr in Q3FY26, indicating sequential growth. Net profit reached ₹4,271.4 Cr, compared to ₹2,906.46 Cr in Q2FY26 and ₹2,488.09 Cr in Q3FY26, showing an upward trajectory. Operating profit margin (OPM) stood at 33.27% in Q4FY26, slightly down from 38.27% in Q2FY26 and 34.04% in Q3FY26, suggesting margin compression despite revenue growth. EPS of ₹2.08 in Q4FY26 is consistent with the company's profitability pattern, though lower than the ₹8.62 recorded in Q1FY26, which may reflect share issuance or other accounting factors. The company maintains a P/E ratio of 32.89, ROE of 19.76%, and ROCE of 15.73%, indicating efficient capital utilization relative to peers. Compared to NTPC (P/E 15.85, ROE 13.13%) and Power Grid (P/E 18.31, ROE 16.75%), Adani Power trades at a premium valuation but demonstrates higher returns on equity and capital. The Debt/Equity ratio of 0.82 is lower than peers like Adani Green (5.08) and similar to Power Grid (1.41), suggesting a relatively conservative capital structure. The upcoming investor call on July 23, 2026, will provide further clarity on business outlook and sustainability of margins.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
Adani Power Limited	32.89	19.76%	15.73%	4,26,828.15
NTPC Limited	15.85	13.13%	8.78%	3,83,260.73
Power Grid Corporation of India Limited	18.31	16.75%	12.15%	2,84,458.97
Adani Green Energy Limited	105.35	11.19%	7.61%	2,27,145.59

Adani Power trades at a higher valuation multiple than NTPC and Power Grid but delivers superior ROE and ROCE, reflecting stronger profitability and capital efficiency.

Risks & Concerns

No specific risks identified in this filing

Quarterly Trend

Quarter	Revenue (₹ Cr)	Net Profit (₹ Cr)	OPM%
Q4FY26	14,223.09	4,271.4	33.27
Q3FY26	12,451.44	2,488.09	34.04
Q2FY26	13,456.84	2,906.46	38.27
Q1FY26	14,109.15	3,305.13	40.29

2 Financial Results Neutral 📄 PDF

📢 Key Event
Board meeting scheduled for July 22, 2026 to approve quarterly results

💡 Investor Takeaway
Trading is restricted until July 25, 2026 after results are released.

Adani Power announced a board meeting on July 22, 2026 to approve unaudited financial results for the quarter ended June 30, 2026, with trading closed from July 1 to July 25, 2026, and investor calls scheduled for July 23, 2026.

📊 Stock Analysis — ADANIPOWER ✨ Ask AI About This

About Adani Power Limited (ADANIPOWER)

Power · Power · Listed on NSE

Market Cap: ₹4,26,828.15 Cr P/E: 32.9 ROE: 19.8% ROCE: 15.7%

View full ADANIPOWER stock details →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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Adani Power Limited (ADANIPOWER) — Financial Results(2 announcements)