Financials Adani Power Limited

Equities

Market Closed - NSE India S.E. Other stock markets 05:19:40 11/07/2025 pm IST			5-day change	1st Jan Change
603.95 ^INR	-0.31%		+3.27%	+14.07%

24/06	Indian billionaire Adani says no one from group charged with US FCPA violation	RE
19/06	Adani Power Updates On Resolution Plan For Vidarbha Industries Power	RE

Fiscal Period: March	2021	2022	2024	2025	2026	2027
Net sales ¹	2,62,215	2,77,112	-	5,62,031	6,06,537	6,48,975
Change	-	5.68%	-	-	7.92%	7%
EBITDA ¹	86,685	98,142	-	2,13,054	2,33,302	2,49,124
Change	-	13.22%	-	-	9.5%	6.78%
EBIT ¹	54,669	66,966	-	1,69,966	1,68,422	1,74,026
Change	-	22.49%	-	-	-0.91%	3.33%
Interest Paid ¹	-51,063	-40,948	-	-33,398	-33,802	-35,901
Earnings before Tax (EBT) ¹	22,887	65,771	-	1,63,595	1,73,180	1,84,848
Change	-	187.37%	-	-	5.86%	6.74%
Net income ¹	12,700	49,116	2,08,288	1,29,388	1,53,939	1,64,926
Change	-	286.74%	-	-37.88%	18.98%	7.14%
Announcement Date	06/05/21	05/05/22	01/05/24	30/04/25	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	52,038	77,492	68,948	63,736	65,689	51,837	53,609	1,05,978	-	1,42,374	1,54,900	1,45,600	1,42,070	1,52,380	1,69,880	1,59,680	1,56,170	1,64,900
Change	-	48.91%	-11.03%	-7.56%	3.06%	-21.09%	3.42%	97.69%	-	-	8.8%	-6%	-2.42%	7.26%	11.48%	-6%	-2.2%	5.59%
EBITDA ¹	13,885	40,427	16,229	16,143	16,480	11,633	17,708	52,321	-	48,126	72,190	67,160	65,380	63,660	80,420	74,840	73,050	70,100
Change	-	191.16%	-59.86%	-0.53%	2.09%	-29.41%	52.22%	195.47%	-	-	50%	-6.97%	-2.65%	-2.63%	26.33%	-6.94%	-2.39%	-4.04%
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts ¹	-	-	-	-	-	-	-	-	-	-7,649	-8,760	-8,760	-9,030	-9,030	-9,290	-9,290	-9,560	-9,560
Earnings before Tax (EBT) ¹	-	-	-	-	-	-	-	-	-	32,613	53,260	46,990	44,470	43,180	60,140	53,210	50,590	48,300
Change	-	-	-	-	-	-	-	-	-	-	63.31%	-11.77%	-5.36%	-2.9%	39.28%	-11.52%	-4.92%	-4.53%
Net income ¹	-6,825	22,280	-2,887	131.3	2,782	-2,306	2,185	46,455	30,572	26,370	51,400	45,350	42,920	41,670	58,030	51,340	48,820	46,610
Change	-	426.47%	-112.96%	104.55%	2,018.96%	-182.88%	194.75%	2,026.17%	-34.19%	-13.75%	94.92%	-11.77%	-5.36%	-2.91%	39.26%	-11.53%	-4.91%	-4.53%
Announcement Date	06/08/20	05/11/20	04/02/21	06/05/21	05/08/21	29/10/21	03/02/22	05/05/22	29/01/25	30/04/25	-	-	-	-	-	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2025 S1	2025 S2	2026 S1	2026 S2	2027 S1	2027 S2
Net sales	-	-	-	-	-	-
Change	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-
Change	-	-	-	-	-	-
EBIT	-	-	-	-	-	-
Change	-	-	-	-	-	-
Charge d'intérêts ¹	-	-17,214	-17,520	-18,050	-18,590	-19,120
Earnings before Tax (EBT) ¹	-	73,199	1,00,250	87,650	1,13,350	98,900
Change	-	-	36.96%	-12.57%	29.32%	-12.75%
Net income	72,446	-	-	-	-	-
Change	-	-	-	-	-	-
Announcement Date	28/10/24	30/04/25	-	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021	2022	2024	2025	2026	2027	2028
Net Debt	4,75,569	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Announcement Date	06/05/21	05/05/22	01/05/24	30/04/25	-	-	-

Estimates

Fiscal Period: March	2021	2022	2025	2026	2027	2028
CAPEX ¹	36,176	-	1,15,590	3,37,592	3,28,348	1,86,863
Change	-	-	-	192.06%	-2.74%	-43.09%
Free Cash Flow (FCF) ¹	33,967	67,982	99,421	2,96,084	3,52,810	-
Change	-	100.14%	-	197.81%	19.16%	-100%
Announcement Date	06/05/21	05/05/22	30/04/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	33.06%	35.42%	-	-	37.91%	38.46%	38.39%
EBIT Margin (%)	20.85%	24.17%	-	-	30.24%	27.77%	26.82%
EBT Margin (%)	8.73%	23.73%	-	-	29.11%	28.55%	28.48%
Net margin (%)	4.84%	17.72%	-	-	23.02%	25.38%	25.41%
FCF margin (%)	12.95%	24.53%	-	-	17.69%	48.82%	54.36%
FCF / Net Income (%)	267.46%	138.41%	-	-	76.84%	192.34%	213.92%
Profitability
ROA	1.65%	-	-	-	-	-	-
ROE	12.96%	30.87%	-	-	26.01%	22.35%	18.9%
Financial Health
Leverage (Debt/EBITDA)	5.49x	-	-	-	-	-	-
Debt / Free cash flow	14x	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	13.8%	-	-	-	20.57%	55.66%	50.59%
CAPEX / EBITDA (%)	41.73%	-	-	-	54.25%	144.7%	131.8%
CAPEX / FCF (%)	106.5%	-	-	-	116.26%	114.02%	93.07%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Book Value Per Share ¹	0.6195	-	-	-	146.1	178.2	219.4
Change	-	-	-	-	-	22.01%	23.06%
EPS ¹	0.06	-	-	51.62	32.32	39.9	42.76
Change	-	-	-	-	-37.39%	23.44%	7.17%
Nbr of stocks (in thousands)	38,56,939	-	-	38,56,939	38,56,939	38,56,939	38,56,939
Announcement Date	06/05/21	-	-	01/05/24	30/04/25	-	-