Adani Power highlights growth, strong financial performance

Adani Power's investor presentation for November 2025 showcases its position as India's largest private base load power company, with an operating capacity of 18,150 MW and a target capacity of 41,870 MW by FY32. The company emphasizes its fully locked-in growth projects and secure business model, with 90% of its existing capacity tied up in long-term and medium-term Power Purchase Agreements (PPAs) and a significant 12.3 GW of PPAs awarded for new capacity.

Financially, Adani Power reported H1 FY26 revenue from operations of INR 27,566 Cr and an EBITDA of INR 12,151 Cr, achieving a 42% EBITDA margin. The company projects a Fund Flow from Operations (FFO) of INR 20k crores for Sept'25 (TTM), which, along with existing cash balances, is expected to fund a large portion of its INR 202k crores capital expenditure over the next seven years. Adani Power also highlighted its strong credit profile, with 8 notches of upgrade in the last 6 years and AA ratings from four domestic agencies.

The company's ESG highlights include a target to reduce GHG emission intensity to 0.84 tCO2e/MWh by FY26 and 100% of operating locations certified as Single-use-Plastic-Free. Adani Power maintains a B Score for Climate Change and Water Security commitments from CDP for 2024 and is a constituent of the FTSE4Good Index Series.