Adani Power profit surges on high power demand, tariffs, beats street estimates

What happened: Adani Power's consolidated profit more than doubled year on year for the July-September quarter, driven by higher power demand and spot market prices, beating analyst estimates. Key numbers: Profit ₹6,919 crore, up 134% y-o-y and 44% quarter on quarter, versus a ₹3,112 crore Bloomberg consensus. Why it matters: The results exceeded street estimates on both profit and revenue, and the company cited domestic coal-based power's role in meeting long-term demand, including a target of 100GW of new thermal capacity by 2032. Coverage: 3 outlets in 24h

Adani Power's consolidated profit more than doubled year on year for the July-September quarter, driven by higher power demand and spot market prices, beating analyst estimates.

The results exceeded street estimates on both profit and revenue, and the company cited domestic coal-based power's role in meeting long-term demand, including a target of 100GW of new thermal capacity by 2032.