ADANIPOWER / language trends

Read confidence between the lines.

Adani Power · tone and specificity signals across the available quarters.

Research layer active

Language signals

What changed in management language.

Q1-FY25 · Sher Singh B. Khyalia

The Indian economy is hungry for more power, and the nation is blessed with most of the resources required to fulfill its needs.

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Q1-FY25 · Sher Singh B. Khyalia

We are of the view that we should keep around this only 80-20, 80%, 20% ratio.

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Q1-FY25 · Sher Singh B. Khyalia

We have started to take proactive steps for capacity expansion in view of this positive outlook and our long-term goals.

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Q1-FY26 · SB Khyalia

We have also received more than $500 million in payments from the Bangladesh Power Development Board for their outstanding dues at the end of June and July.

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Q1-FY26 · SB Khyalia

Our strategically located merchant capacity continues to enjoy significant competitive advantage in the short-term market, thus providing a market-linked upside to our earnings.

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Q1-FY26 · SB Khyalia

We are funding these projects mostly from our own cash flows, which removes the reliance on project lenders.

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Q2-FY25 · Sher Singh B. Khyalia

The Indian economy is hungry for more power, and the nation is blessed with most of the resources required to fulfill its needs.

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Q2-FY25 · Sher Singh B. Khyalia

We are of the view that we should keep around this only 80-20, 80%, 20% ratio.

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Q2-FY25 · Dilip Jha

APL has now formally established its credentials as a dynamic and profitable leading power producer with high liquidity and excellent creditworthiness.

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Q2-FY26 · S. B. Khyalia

We have revived the operations of the 600 MW Butibori plant of Vidarbha Industries Limited, which was acquired in July 2025, within just two months. This plant had been shut down for almost 10 years.

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Q2-FY26 · S. B. Khyalia

We have fully de-risked our project execution pipeline with 100% advance ordering for boilers, turbines, and generators.

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Q2-FY26 · Nishit Dave

The management has not given any such guidance. So it was the media's own analysis on the basis of which it was given. But I think we would hope to actually achieve a better EBITDA than what they had projected.

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Q3-FY25 · Dilip Jha

Our continuing EBITDA for the same period increased by 22% year-on-year basis to INR 16,478 crore. This robust growth was mainly due to higher recurring revenues and lower fuel prices.

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Q3-FY25 · Shersingh B. Khyalia

During solar hours, the rate may be lower, but other than solar hours, because the thermal capacity has not been added, and therefore, during peak hours, the country will continue to have shortages. And during those hours, the rate of power has to be almost INR 10.

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Q3-FY25 · Dilip Jha

Keeping our track record and DNA, I can assure you that this surplus cash flow will be utilized in a manner that it will give the best of the industry return across we can have in the future.

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Q3-FY26 · Dilip Jha

Our increasing share of contracted capacity provides stability to earnings as well as visibility to revenue and liquidity.

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Q3-FY26 · Dilip Jha

The new PPAs generate EBITDA from plant availability, while fuel charges are a pass-through. These new PPAs have much better higher capacity charges than our legacy PPAs.

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Q3-FY26 · Dilip Jha

We are very much mindful about the merchant tariffs and rates, and what we have strategized that we are minimizing our portfolio to open capacity.

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Q4-FY25 · SB Khyalia

We are not keeping the entire capacity for the day-ahead market. Most of the time, it is tying up through the bilateral contracts four months ahead, two months ahead, three months ahead, sometimes even six months or a year.

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Q4-FY25 · Dilip Jha

Our internal accruals will be sufficient to meet our CAPEX requirement.

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Q4-FY25 · Anupam Tiwari

There is no other company in the country which has the ability to contract assets without having financing.

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Q4-FY26 · S.P. Kalia

We have ended financial year 26 with a solid 12,971 crore profit after tax.

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Q4-FY26 · Diva

95% of our operating capacity of 18.15 GW is now tied up under long-term and medium-term PPAs.

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Q4-FY26 · Diva

We are confident that by 31-32 our capacity will be 42 GW from the plan capacity and the quantum of surplus plus multiple avenues we have we can deploy to leverage far more better value and it is a debt free company.

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