Adani Power Limited — Investor Meet, 05-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Adani Power reported 10.8% revenue growth to INR56,473 Cr and 14.8% EBITDA growth to INR21,575 Cr in FY25, driven by a 20.7% rise in power sales to 95.9 billion units and expanded 17,550 MW capacity. Q4 power sales rose 19% despite a slight EBITDA dip. Capacity is set to reach 30,670 MW by 2030 through brownfield projects and expansions, with FY26 capex of ~INR13,300 Cr funded mainly via internal accruals. New coal mines will boost captive supply and cut logistics costs. Merchant power prices fell in Q4 but are expected to improve on demand and tight capacity. Management targets balanced contract mix and asserts thermal power’s key role, focusing on disciplined execution and supply security. Expansion milestones remain on track with phased commissioning from FY27, highlighting strong growth and financial health.