Adani Power Limited — PPTs, 29-08-2025: Investor Presentation

Adani Power (APL), India's largest private thermal power producer with 18,150 MW capacity, reported Q1 FY26 revenue of ₹14,574 Cr (-6% YoY) and profit of ₹3,305 Cr (-15% YoY). For FY25, revenue was ₹58,906 Cr (-2% YoY) with ₹12,750 Cr profit (-39% YoY). The company maintains high 91% plant availability and a sector-leading 38% thermal power EBITDA margin.

APL is strategically positioned for India's massive power demand surge, with a long-term goal for 80 GW additional coal capacity by FY32. Its growth strategy includes securing 23,720 MW in new projects, 69% brownfield and 62% near-pithead, de-risked by 92% land availability and 100% equipment ordering.

Recent developments include new PPA awards in states like Bihar, Uttar Pradesh, Maharashtra, and West Bengal. APL achieved 102% ash utilization and has 7 of 12 operating locations certified as Single-Use-Plastic Free.

Financially, APL shows robust health with FY25 Return on Assets, Return on Capital Employed, and Return on Equity at 23-25%. Net Debt to Continuing EBITDA dramatically improved to 1.78x by June 2025 (from 9.75x in FY19). Management plans to self-fund ₹112,000 Cr capex over six years via internal accruals, eyeing India’s electricity sector as a multi-decade growth opportunity, alongside strengthened corporate governance.