Adani Power (ADANIPOWER), the latest fundamental picture

Adani Power (ADANIPOWER), the latest fundamental picture is driven by strong earnings, aggressive capacity expansion, acquisitions and rising Indian power demand. Major fundamental developments Q1 FY27 was very strong: reported revenue rose 32.6% YoY to ₹19,322 crore, reported EBITDA increased 36.1% to ₹8,369 crore, and PAT jumped 47.2% to ₹4,867 crore. Continuing revenue was ₹17,936 crore, up 26.6%. Power generation/sales increased sharply: Q1 power sales reached 28.8 BU, up from 24.6 BU a year earlier. PLF improved to 77.9% from 67%, while tariff realization also improved. India's electricity demand is supporting the business: Q1 FY27 electricity consumption increased about 8.8% YoY, while peak demand reached 270.8 GW in May 2026. This is supportive of thermal-power utilization. Major MSEDCL contract: Adani Power received an LOA to supply 1,600 MW to Maharashtra under a 25-year PSA, with supply scheduled from FY31-32. The company said it had already tied up 13.3 GW of its 23.8 GW under-implementation pipeline under long-term PSAs. Huge capacity expansion: The company is targeting around 41.87 GW by FY31-32, versus 18.15 GW at FY26-end, involving roughly ₹2 lakh crore of investment. Jaiprakash Associates assets acquired: Adani Power acquired the 180 MW Churk plant, a 24% stake in Jaiprakash Power Ventures and an 11.49% stake in Prayagraj Power Generation Company through the JAL insolvency-resolution process. GVK Energy acquisition: The Competition Commission of India approved Adani Power's acquisition of 100% of GVK Energy in May 2026. Recent corporate restructuring: Adani Power completed the merger of 10 wholly owned subsidiaries into the parent company, effective September 25, 2026.