Adani Power and Green Beat Estimates as Ports Sets Aggressive FY27 Outlook

Adani Power posted a 142% YoY jump in net profit to ₹7,019.32 crore for Q2 FY27, well above street estimates, helped by higher revenue and a one‑time income item. Adani Green Energy reported net profit of ₹670 crore, beating the ₹582 crore estimate, and its consolidated profit rose 16% YoY to ₹747 crore on stronger power‑supply earnings. Adani Ports and Special Economic Zone (APSEZ) posted results broadly in line with forecasts, with consolidated net profit up 18% YoY to ₹3,682.44 crore and its share price closing at ₹1,759, down 0.27%. Research analyst Prathamesh Kadiwal of Bonanza noted that Adani Ports gave the most optimistic FY27 outlook, lifting its EBITDA target to ₹26,000‑27,000 crore and raising revenue and capex plans, backed by rising cargo volumes and a net‑debt‑to‑EBITDA ratio of 1.8×. The firm’s strong guidance contrasts with Adani Power’s long‑term visibility, where 62% of its 23.7 GW thermal pipeline is secured under power‑purchase agreements, though a 40% YoY rise in fuel costs could pressure margins in Q3 FY27. Adani Green’s capacity expanded 24% YoY to 20.8 GW and it may meet its 10 GWh battery target, but transmission delays at the Khavda project could slow growth. ## Context These earnings updates show how the three Adani subsidiaries are at different stages: power and renewable units are beating forecasts, while the ports business is using higher cargo demand to set aggressive FY27 targets, a pattern common among diversified Indian conglomerates.