Ahmedabad, Jan 29 (NationPress) Adani Power Limited disclosed a 5.3% increase in its continuing profit before tax (PBT) for the third quarter (Q3) of FY26, despite muted power demand due to prolonged monsoons and cooler weather conditions.

In Q3 FY26, the company's PBT was reported at Rs 2,800 crore, an increase from Rs 2,659 crore during the same period last financial year, primarily driven by reduced finance costs and consistent operational performance, as per its stock exchange announcement.

“Adani Power exhibits a robust performance and maintains strong liquidity, owing to our substantial competitive advantages and efficient power generation facilities,” stated Adani Power Limited CEO S.B. Khyalia.

“Our project execution is advancing exceptionally well, achieving or surpassing our objectives,” he added.

For the quarter ending December 31, 2025, Adani Power reported continuing revenue of Rs 12,717 crore, slightly down from Rs 13,434 crore in Q3 FY25, as power tariffs in the merchant market softened.

Despite the decline, continuing EBITDA remained solid at Rs 4,636 crore, demonstrating the resilience of its operations amid a challenging demand landscape.

During this quarter, power demand across India was largely flat, with total energy consumption around 392 billion units, a slight decrease compared to the previous financial year.

This downturn was linked to extended monsoon seasons that persisted into October in several areas and cooler temperatures relative to FY25, which had experienced a significant demand surge due to heatwaves.

The decline in demand, coupled with rising renewable energy output, also impacted merchant power prices.

In a significant development during the quarter, Adani Power secured a new long-term power purchase agreement for 3,200 MW from Assam Power Distribution Company Limited.

This agreement means that approximately 90% of the company’s existing operational capacity is now secured under long-term and medium-term PPAs, enhancing revenue predictability and reducing exposure to short-term market fluctuations.

As outlined in its regulatory filing, the company's total expansion capacity under PPAs has increased to 11.7 GW.

For the nine-month period ending December 2025, Adani Power posted a continuing PBT of Rs 9,896 crore, compared to Rs 10,679 crore during the same timeframe last financial year, affected by elevated depreciation from newly acquired plants.

The continuing profit after tax for the nine months reached Rs 8,700 crore. Power sale volumes for this period rose by 3.4% to 71.8 billion units, supported by enhanced effective operational capacity.