Adani Power Limited — Investor Meet, 05-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Adani Power's Q2 FY26 saw power sales of 23.7 billion units (+7% YoY) and revenue of Rs. 13,639 Cr, with PAT at Rs. 2,906 Cr. PLF declined to 62.8% due to weather, but demand rebound is expected. The company is on track to grow capacity from 18 GW to 42 GW by 2032, with 6.12 GW under construction. Over 9 GW of new PPAs are secured, and bids for ~22 GW are in the pipeline, underscoring strong thermal demand. Around 91% of operating capacity is PPA-tied, reducing market price exposure. Management is confident in its expansion and funding plan, targeting rapid earnings growth.