Thermal power producer Adani Power on Friday reported a 134% year-on-year (YoY) jump in consolidated net profit to Rs 6,919 crore for the second quarter of FY27, compared with Rs 2,953 crore in the year-ago period.Revenue from operations rose 45% to Rs 19,439 crore from Rs 13,457 crore in the corresponding quarter last year, the company said in a regulatory filing.The company reported an EBITDA or earnings before interest, tax, depreciation and amortization of Rs 8,231 crore, an improvement of 60% from Rs 5,150 crore reported in the same quarter in the previous year.For the quarter under review, margins shot up 400% to 42.3% from 38.% in the year-ago period, the company said.

Adani Power's consolidated power sales volume rose 11.5% year-on-year to 26.4 billion units (BU) in Q2 FY27, compared with 23.7 BU in Q2 FY26, driven by strong growth in power demand.S B Khyalia, CEO of Adani Power Limited, said the company continues to make progress in profitability and project execution. He added that the company is focused on ensuring a timely supply of reliable, high-quality power to meet India's growing baseload requirements.Geopolitical developments and climate-related uncertainties have further highlighted the importance of domestic coal-based power in meeting India's long-term electricity needs, he said.The company said it is advancing its capacity expansion programme to add 23,720 MW of new thermal power capacity.

Execution of the 1,320 MW Korba Phase-II Supercritical Thermal Power Project and the 1,600 MW Mahan Phase-II Ultra-Supercritical Thermal Power Project is in the advanced stages.The first 660 MW supercritical unit at Korba Phase-II has been synchronised with the grid and is expected to be commissioned shortly, while the second unit is scheduled for commissioning in Q4 FY27. The Mahan Phase-II project is expected to be fully commissioned in the early part of FY28.Meanwhile, the 1,600 MW Raipur Phase-II and 1,600 MW Raigarh Phase-II ultra-supercritical thermal power projects have each achieved more than 65% progress in less than 30 months since work began.

Both projects are scheduled for commissioning in FY29.India's power demand rose 11.5% year-on-year to 502 billion units (BU) in Q2 FY27, driven by rapid economic growth and a weak monsoon. Power generation increased 11% to 536 BU during the quarter.Lower hydropower generation potential, coupled with rising demand, increased the share of coal- and lignite-based power in total supply to 66%, from 65% in Q2 FY26.

Coal- and lignite-fired plants accounted for 73% of the incremental power generated during the quarter.The aggregate plant load factor (PLF) of India's coal-based power plants also rose to 68% in Q2 FY27, compared with 62% in the year-ago quarter.