Adani Power Ltd reported a strong Q4 FY26 financial performance, with net profit rising sharply, even as the stock declined nearly 2.5 percent on Wednesday after the announcement. The company posted a consolidated profit after tax of Rs 4,271 crore for Q4 FY26, up 64 percent year-on-year from Rs 2,599 crore, aided primarily by lower tax expenses. The stock ended at Rs 217.80, down 2.48 percent for the day.


Revenue performance remained steady. Total reported revenue rose 10 percent on-year to Rs 15,989 crore in the January-March quarter, while continuing revenue -- which excludes prior-period adjustments -- increased 3.7 percent to Rs 15,059 crore. Continuing operating revenue stood at Rs 14,560 crore, up 2.9 percent.

Operating performance was resilient despite a volatile demand environment, the company said in a statement. Reported EBITDA grew 27 percent year-on-year to Rs 6,498 crore, supported 
 by prior-period income recognition. However, continuing EBITDA rose 9.3 percent to Rs 5,573 crore, indicating steady underlying earnings growth.

Profit before tax (reported) surged 34 percent to Rs 4,384 crore, while continuing PBT rose 6.5 percent to Rs 3,458 crore. The sharp jump in net profit was largely driven by a steep decline in tax outgo, which fell 83 percent year-on-year in the quarter.