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HPCL vs Adani Power Q4 FY26

Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.

HPCL

HPCL delivered a strong Q4 FY26 with standalone PAT of ₹4,901 crore (+46% YoY), driven by robust Jan-Feb momentum and lagged crude benefits in March.

Adani Power

Adani Power reported a strong Q4 FY26 with EBITDA of ₹6,498 crore, up 27% YoY, driven by higher PPA tariffs, cost discipline, and improved operating efficiency.

Result Snapshot

Revenue₹1,14,937 Cr₹14,223 Cr
PAT₹6,065 Cr₹4,271 Cr
EBITDA Margin8%33%
Sentimentbullishbullish

Key Quotes

We are fully secured on the crude supply, we are very comfortable on the supply side.
Vikash Kel · Chairman & Managing Director
We have ended financial year 26 with a solid 12,971 crore profit after tax.
S.P. Kalia · CEO