Adani Power Q3 FY26 Net Profit Slips to ₹2,488 Crore Despite Stable Operations

Adani Power Limited has shown good profitability in the third quarter of FY2026. The company has said that its profitability has been good despite a decline in power demand due to prolonged monsoon, cold weather, and a high base effect. According to the company, consolidated net profit for the third quarter was ₹2,488 crore, compared to ₹2,940 crore in the previous year. The decline in profit was primarily due to a decrease in one-time income related to the previous period.

Adani Power reported in its results that the lower one-time income available for the current period compared to the previous period has affected the profitability of the current quarter, while the operational performance has been stable. Adani Power reported a consolidated net revenue of Rs 12,717 crore in the third quarter of the current fiscal, compared to Rs 13,434 crore reported in the previous year. The company reported that the revenue was nearly stable despite lower rates and a fall in other income.

Mining major Vedanta reported a strong performance in the third quarter of FY2026. Net profit increased 61 percent year-on-year to ₹5,710 crore. According to the company, consolidated revenue for the quarter increased by 37 percent to ₹23,369 crore. The increase in revenue was primarily driven by international metal prices, increased production, improved premiums, and foreign exchange gains.

Vedanta reported strong operating performance in the December quarter. Profitability improved significantly due to higher metal prices, improved premiums, cost efficiencies, and improved volumes across most businesses. The company's EBITDA increased 34 percent year-over-year and 31 percent quarter-over-quarter to ₹15,171 crore, marking its highest quarterly level ever. EBITDA margin expanded to 41 percent, representing an increase of 629 basis points year-over-year and 512 basis points quarter-over-quarter.

Capital efficiency also strengthened due to improved operating performance. The company's return on capital employed (ROCE) increased to 27 percent, a 296 basis point increase compared to the previous year. Net debt decreased to ₹60,624 crore, resulting in a net debt-to-EBITDA ratio of 1.23 times, compared to 1.40 times in the same quarter last year.

Tech giant Microsoft Corporation has released its financial results for the quarter ended December 31, 2025. Revenue was $81.3 billion, a 17 percent increase compared to the same period last fiscal year. Microsoft Chairman and CEO Satya Nadella stated on the social media platform X that the process of AI's proliferation and its broader economic impact is still in its early stages. He explained that Microsoft has already built an AI business that has grown larger than some of the company's larger traditional businesses, which took decades to develop. According to the company, Microsoft's quarterly cloud revenue surpassed $50 billion for the first time, marking a significant achievement for the company. The company's operating profit increased 21 percent to $38.3 billion. Net income on a GAAP basis was $38.5 billion, representing a 60 percent increase.