Adani Power Ltd. is slated to announce its financial results for the September 2026 quarter on October 23. This announcement comes as investors keenly watch the company's stock performance, which has shown a mixed trend in recent months.
Recent Stock Performance
As of September 29, 2026, Adani Power shares were trading at Rs 198.50, marking a 1.10% increase for the day. The company's market capitalization stood at Rs 3.82 lakh crore.
The stock has demonstrated robust long-term growth:
- Gained 33.29% in 2026 year-to-date.
- Risen 163% over the past three years.
- Zoomed an impressive 909% over the last five years.
Despite these significant gains, the stock has experienced a recent downturn, falling 10% since the announcement of its Q1 earnings on July 22 this year. Technical indicators suggest a period of consolidation, with the stock's Relative Strength Index (RSI) at 38.2, indicating it is neither oversold nor overbought. However, weakness is suggested by its trading below various simple moving averages (5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day).
Q1 FY27 Highlights
The company's strong performance in the first quarter of fiscal year 2027 provided a positive backdrop earlier in the year. Adani Power reported a 42% surge in Q1 net profit, reaching Rs 4805.69 crore, up from Rs 3384.86 crore in the corresponding period last year. Revenue also climbed by 34% to Rs 18901 crore, compared to Rs 14,109 crore in the June 2025 quarter.
Consolidated continuing EBITDA saw a 21.6% year-on-year increase, hitting a record Rs 6,983 crore in Q1 FY27. This reflected strong core operating performance despite elevated fuel costs, marking the company's highest-ever quarterly continuing EBITDA.
Furthermore, the board of Adani Power also approved a plan to raise up to Rs 15,000 crore through a Qualified Institutions Placement (QIP) route, signaling future growth ambitions and capital expenditure plans.
Market Outlook
Investors will be closely scrutinizing the upcoming Q2 earnings report for insights into the company's operational efficiency, revenue growth, and profitability amidst the current market volatility and its recent stock correction. The report will likely influence sentiment and provide direction for Adani Power's stock trajectory in the coming months.