Adani Power reports strong Q2 profit, unveils amalgamation scheme

Adani Power Limited reported robust financial performance for Q2 FY26, with consolidated power sales volume growing by 7.4% year-on-year to 23.7 bn Units (BU), despite slower power demand. Consolidated total revenue for the quarter reached ₹14,308 crore, and profit after tax stood strong at ₹2,906 crore. For the half year (H1 FY26), consolidated power sales volume grew by 4.4% to 48.3 BU, with total revenue at ₹28,882 crore and profit after tax at ₹6,212 crore. The company’s installed capacity increased to 18,150 MW following the acquisition of 600 MW Vidarbha Industries Power Limited.

The board of directors approved a scheme of amalgamation for ten wholly-owned subsidiaries with Adani Power Limited, effective April 1, 2025. This strategic move is intended to enhance scalability, integration, and financial strength, involving the transfer of all assets and liabilities of the transferor companies to Adani Power Limited at carrying values, with no exchange of equity shares.

Additionally, Adani Power secured new long-term Power Purchase Agreements (PPAs) totaling 4.5 GW from various DISCOMs and completed a 1:5 shares split on September 22, 2025.