Three major Adani Group companies reported their second quarter results for FY27, with mixed performance across the portfolio. According to reports from Bonanza, Adani Power and Adani Green Energy outperformed market expectations, while Adani Ports delivered results broadly in line with estimates. The performance varied significantly across the three companies, with Adani Power showing exceptional growth in net profit despite some accounting adjustments.
Adani Power delivered exceptional results with a 142% year-on-year jump in net profit to ₹7,019.32 crore in the September quarter of FY27, as reported by Bonanza. However, ₹2,422 crore of this profit came from past period revenue, which contributed to the substantial growth figure. The company's profit after tax stood at ₹2,906.46 crore in Q2 FY26, showing significant improvement. Despite the strong performance, Adani Power stock closed 1.81% lower at ₹184.70 per share on Wednesday, October 28.
Adani Green Energy reported a 16% annual surge in net consolidated profit to ₹747 crore in the September quarter, according to Bonanza. The company, which produces power through solar, wind and hybrid modes, had posted a net profit of ₹644 crore in the same quarter of the previous financial year. Adani Green's profit of ₹670 crore beat estimates of ₹582 crore, supported by a power supply EBITDA jump. Adani Green Energy stock closed 0.93% lower at ₹1,273 per share on Wednesday, October 28.
Adani Ports delivered strong Q2 FY27 results with consolidated revenue up 24% year-on-year to ₹11,340 crore and EBITDA growing 23% to ₹6,807 crore, as reported by The Economic Times. The company's performance was driven by growth across all business segments, with domestic ports continuing to anchor earnings while international ports, logistics and marine emerge as powerful growth engines. APSEZ has transformed into India's largest and amongst the world's fastest growing Integrated Transport Operator, with multiple growth engines scaling simultaneously across domestic and international operations.
Citing its strong first-half performance, APSEZ has significantly enhanced its FY27 guidance across multiple parameters. Revenue guidance has been raised by ₹1,000 crore to ₹44,000-46,000 crore, implying 14-19% year-on-year growth against the earlier range of ₹43,000-45,000 crore (11-16% growth). EBITDA guidance has increased by ₹1,000 crore to ₹26,000-27,000 crore for 14-18% growth, from the earlier ₹25,000-26,000 crore (9-14% growth). Capex guidance has been increased by ₹3,000 crore to ₹15,000-17,000 crore, from ₹12,000-14,000 crore, reflecting the company's expansion plans. The net debt-to-EBITDA guidance of up to 2.5x remains unchanged, indicating the company's commitment to maintaining financial discipline while pursuing aggressive growth strategies across domestic and international port operations.
