Adani Power Ltd. Q3 FY2026 results: revenue ₹12,451 crore, down 8.9% on the year
Adani Power Ltd. (ADANIPOWER) reported consolidated revenue from operations of ₹12,451 crore for Q3 FY2026, the quarter ended 31 December 2025, down 8.9% on the same quarter a year earlier. Profit after tax was ₹2,488 crore, down 15.4% on the year, and earnings per share ₹1.29. The figures are the company's own, from the un-audited results it filed with NSE on 29 January 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 12,451 | 13,457 | 13,671 | -8.9% |
| Other income | 543 | 851 | 1,162 | -53.3% |
| Total income | 12,995 | 14,308 | 14,833 | -12.4% |
| Cost of materials consumed | 6,758 | 7,205 | 7,425 | -9.0% |
| Purchases of stock-in-trade | 42 | 11 | 109 | -61.2% |
| Changes in inventories | 0 | 0 | 0 | n/a |
| Employee benefit expense | 216 | 187 | 211 | +2.2% |
| Finance costs | 701 | 842 | 957 | -26.7% |
| Depreciation, depletion and amortisation | 1,135 | 1,193 | 1,170 | -3.0% |
| Other expenses | 959 | 814 | 903 | +6.2% |
| Total expenses | 10,050 | 10,342 | 10,775 | -6.7% |
| Profit before exceptional items and tax | 2,945 | 3,966 | 4,059 | -27.4% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 2,945 | 3,966 | 4,059 | -27.4% |
| Current tax | 500 | 144 | 222 | +125.3% |
| Deferred tax | -43 | 915 | 897 | n/a |
| Total tax | 457 | 1,060 | 1,119 | -59.2% |
| Profit after tax | 2,488 | 2,906 | 2,940 | -15.4% |
| Attributable to owners of the parent | 2,480 | 2,953 | 3,057 | -18.9% |
| Other comprehensive income | -4 | 21 | -7 | n/a |
| Total comprehensive income | 2,485 | 2,928 | 2,933 | -15.3% |
| EPS, basic | ₹1.29 | ₹1.53 | ₹7.67 | -83.2% |
| EPS, diluted | ₹1.29 | ₹1.53 | ₹7.67 | -83.2% |
₹ crore except per share.
Segments, Q3 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Power Generation and related activities | 12,451 | 100.0% | 3,026 | 24.3% |
| Trading, investment and other activities | 0 | n/a | 0 | n/a |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12,991 | 12,991 | 13,364 | 14,956 | 13,339 | 13,671 | 14,237 | 14,109 | 13,457 | 12,451 | 14,223 | 18,902 |
| Expenses | 9,712 | 10,145 | 10,324 | 10,568 | 9,929 | 10,775 | 11,274 | 10,369 | 10,342 | 10,050 | 11,605 | 13,022 |
| Operating profit | 5,171 | 4,645 | 4,850 | 6,194 | 5,276 | 5,023 | 4,813 | 5,685 | 5,150 | 4,238 | 4,732 | 7,949 |
| OPM % | 40% | 36% | 36% | 41% | 40% | 37% | 34% | 40% | 38% | 34% | 33% | 42% |
| Other income | 1,945 | 364 | 518 | 518 | 724 | 1,162 | 298 | 465 | 851 | 543 | 1,766 | 420 |
| Interest | 888 | 797 | 820 | 811 | 807 | 957 | 765 | 857 | 842 | 701 | 967 | 901 |
| Depreciation | 1,004 | 1,002 | 990 | 996 | 1,059 | 1,170 | 1,085 | 1,089 | 1,193 | 1,135 | 1,147 | 1,167 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 5,224 | 3,210 | 3,558 | 4,906 | 4,134 | 4,059 | 3,261 | 4,204 | 3,966 | 2,945 | 4,384 | 6,300 |
| Tax % | -26% | 15% | 23% | 20% | 20% | 28% | 20% | 21% | 27% | 16% | 3% | 25% |
| Net profit | 6,594 | 2,738 | 2,737 | 3,913 | 3,298 | 2,940 | 2,599 | 3,305 | 2,906 | 2,488 | 4,271 | 4,867 |
| EPS in ₹ | ₹16.48 | ₹6.61 | ₹6.63 | ₹9.72 | ₹8.21 | ₹7.67 | ₹6.62 | ₹8.62 | ₹1.53 | ₹1.29 | ₹2.08 | ₹2.49 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company. EPS is as filed for each quarter. A split or a bonus issue changes the share count, so quarters before it are on the old count.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 29 January 2026: the result statement. All of Adani Power Ltd.'s results: NSE company page.
The same record on your computer
GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.