Power - Electric Utilities company Adani Energy Solutions announced Q1FY26 results Revenue: During Q1FY26, the total income of Rs 7,026 crore grew by 28% due to stable operating performance, higher SCA, EPC, and treasury income. The operational revenue of Rs 4,600 crore ended flat YoY with modest contribution from the new transmission assets due to recent commissioning (MP–II in Q3FY25 and Khavda Ph-II-A, KPS – 1 and Sangod in the later part of Q1FY26) which was largely offset by the normal decline in the revenue of cost-plus transmission assets. EBITDA: Consolidated EBITDA for Q1FY26 increased by 14% to Rs 2,017 crore, resulting from steady transmission and distribution revenue, growing contribution from smart meter and EPC & other income. The operational EBITDA of Rs 1,615 crore ended flat YoY due to lower operational EBITDA in Mumbai distribution business due to higher depreciation on account of Dahanu carve-out and lower capitalization as against capex of Rs 341 crore, offsetting the EBITDA contribution from smart meter business. The transmission business EBITDA was flat and continues to maintain the industry’s leading operating EBITDA margin of 92%. PAT: Q1FY26 PAT of Rs 539 crore increased by 71% YoY due to double-digit growth in total EBITDA and aided by lower depreciation of Rs 33 crore YoY and net tax outgo which was down by Rs 19 crore YoY. Kandarp Patel, CEO, Adani Energy Solutions, said: “We are pleased to report another robust quarter. The effective on-ground execution & focused O&M; enabling consistent progress on the project capex growth continues to be our key performance yardstick as we stay focused on unlocking the huge locked-in growth potential in our core business segments. During this quarter, the company made strides to commission three new transmission lines and achieved industry leading daily run-rate in terms of smart meters installation. We expect to not only maintain the same momentum, but further enhance our pursuit of timely completion of our under-construction project pipeline. In terms of business outlook, as the sector offers immense opportunities backed by regulatory support and strong underlying factors like power demand and changing energy mix, AESL remains excited to tap the fresh opportunities falling within the risk-reward matrix and capital allocation policy of the company. We anticipate a significant increase in AESL’s capex roll-out and new bid activity from Q2, as the monsoon subsides.” Result PDF
Electric Utilities company Adani Energy Solutions announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Operational Revenue: Rs 4,116 crore compared to Rs 3,560 crore during Q4FY24, change 15.6%. Operating EBITDA: Rs 1,757 crore compared to Rs 1,619 crore during Q4FY24, change 8.5%. PAT: Rs 714 crore compared to Rs 381 crore during Q4FY24, change 87.2%. FY25 Financial Highlights: Operational Revenue: Rs 17,057 crore compared to Rs 14,217 crore during FY24, change 20.0%. Operating EBITDA: Rs 6,571 crore compared to Rs 5,696 crore during FY24, change 15.4%. PAT: Rs 2,427 crore compared to Rs 1,195 crore during FY24, change 103.1%. Kandarp Patel, CEO, Adani Energy Solutions, said, "AESL delivered strong operating and financial performance in FY25 backed by its distinguished ability to execute the complex projects, compete and outperform peers in the project bids and remain financially prudent at the same time. As we embark on the next fiscal year, the company remains focused on incremental project commissioning, significantly increase the meter installation as well as achieving operating efficiencies in all lines of businesses. The integrated business model and underlying power demand trends in our areas of operation are encouraging and complements our capital allocation policy. We are confident that the growth opportunity visible across all our business segments will help us further consolidate our market position. In terms of our ESG pursuit, we remain committed to sustainable business practices and continue to achieve feats." Result PDF
Electric Utilities company Adani Energy Solutions announced Q3FY25 results Robust growth of 24% in total income of Rs 6,000 crore in Q3 is driven by the contributions from the recently commissioned MP Package-II, Kharghar-Vikhroli, Warora-Kurnool, KhavdaBhuj, Mahan-Sipat lines, higher energy sales in Mumbai and Mundra utilities EBITDA increased by 6% to Rs 1,831 crore for the quarter translating from strong revenue growth, EPC income in transmission, treasury income and steady regulated EBITDA in AEML The operational EBITDA of Rs 1,579 crore in Q3 ended 9% higher. The transmission business continues to maintain the industry’s leading operating EBITDA margin of ~92% PAT increased by 80% YoY to Rs 625 crore, resulting from higher EBITDA, and aided by reversal of net deferred tax liability of Rs 185 crore, mainly due to divestment of Dahanu plant in AEML Adjusted PAT excluding one-time tax items increased by 26% YoY to Rs 440 crore The capex as of 9MFY25 has increased to Rs 7,475 crore, as against Rs 3,784 crore in 9MFY24 Kandarp Patel, CEO, Adani Energy Solutions, said: “Continuing the growth momentum, AESL reported another strong quarter on both operating and financial metrics. The company stays focused on timely project commissioning as well as achieving operating efficiencies. The key highlight of this quarter is the new project wins in AESL, which not only helps in gaining market share but also strengthens AESL’s pole position as the largest private transmission player in India. The power demand trends in both utilities are encouraging and we are making progress with the installation of smart meters in all our contracts with daily average installation consistently improving. We are confident that despite a large order book of Rs 54,761 crore in transmission and ~Rs 13,600 crore in smart metering, the company will continue to deliver strong operating and financial performance, thanks to unparallel project and operating excellence coupled with robust capital management program,” Result PDF