Adani Energy Solutions Turns Profitable; Posts Rs 538.94 Crore Profit

Ahmedabad, July 24 – Adani Energy Solutions Ltd (NSE: ADANIENSOL & BSE: 539254) delivered a rebound in Q1 FY26, swinging to a consolidated net profit of ₹538.94 crore, a sharp turnaround from a ₹1,190.66 crore loss in Q1 FY25.

Revenue from operations rose  by 26.7% YoY to approximately ₹6,819 crore, underpinned by strong contributions from both the transmission and distribution segments. The transmission network expanded 26% YoY to 26,696 circuit kilometres, power transformation capacity increased 63% to 93,236 MVA, and system availability remained  at ~99.8%.

Adani Energy’s order book stands at ₹59,304 crore, bolstered by new project wins such as the WRNES Talegaon line worth ₹1,663 crore

Key Consolidated Financial Highlights (₹ in crore)

In Q1FY26, Adani Energy Solutions reported a strong financial turnaround with revenue from operations rising 26.8% YoY to ₹6,819.28 crore and total income reaching ₹7,025.49 crore. EBITDA (excluding other income) stood at ₹1,345.87 crore, compared to a negative ₹353.19 crore in Q1FY25. Net profit after tax came in at ₹538.94 crore, rebounding from a loss of ₹1,190.66 crore last year. The company’s basic EPS improved to ₹4.27 from a negative ₹7.39. Comprehensive income also surged to ₹599.53 crore versus a loss of ₹1,118.08 crore in Q1FY25.

Note: Q1FY25 included an exceptional loss of ₹1,506 crore related to regulatory deferral adjustments.

Segment-Wise Performance

In Q1FY26, Adani Energy Solutions saw notable growth in its transmission segment, with revenue rising to ₹2,188.19 crore from ₹1,746.18 crore in Q1FY25. The trading segment also grew to ₹209.71 crore, up from ₹167.27 crore. The biggest jump was in the “Others” segment, including smart metering, which surged to ₹1,061.54 crore from just ₹92.16 crore a year earlier. However, the distribution segment remained stable, recording ₹3,359.84 crore versus ₹3,372.94 crore in Q1FY25.

Key Drivers:

• Transmission EBITDA rose to ₹927.18 crore.
• Distribution segment reported ₹302.79 crore profit before interest and tax.
• Smart metering and EPC revenues contributed meaningfully to “Others.”

Stock Performance

Adani Energy Solutions’ stock closed at ₹848.20 on July 24, down 1.73% or ₹14.90. It opened at ₹868.00 and hit a high of ₹868.00 and a low of ₹844.05 during the session.

Regulatory Adjustments

Revenue includes ₹215.26 crore of recovery of Regulatory Asset Charges (RAC) from past years. The total impact of regulatory deferral income was a negative ₹503.89 crore for the quarter.

Standalone Performance

On a standalone basis, the company posted a net profit of ₹156.43 crore, up from ₹76.64 crore YoY, on revenue of ₹825.46 crore. EBITDA margins improved to 2.75% from 1.26% YoY.

Leverage Metrics & Ratios (Consolidated)

Strategic Developments

• Acquisition: Adani acquired WRNES Talegaon Power Transmission Ltd from REC Power Development & Consultancy Ltd. The project involves the creation of 3,000 MVA substation capacity in Maharashtra and was classified as an asset acquisition.
• Legal Clarity: The company clarified that ongoing legal issues involving a non-executive director in the U.S. have no financial or operational impact on AESL.
• Credit reaffirmation: Moody’s Baa3 with negative outlook confirms operational strength while signaling governance caution.

Management Commentary

Gautam S. Adani, Chairman, stated in the board filing dated July 24, 2025:

“Despite regulatory adjustments, our underlying operating metrics have improved. We continue to invest in resilient infrastructure across transmission and distribution to support India’s energy transition.”

About the Company

Adani Energy Solutions Ltd (formerly Adani Transmission Ltd) is a listed entity on BSE, NSE, and SGX. It operates the largest private transmission network in India and has expanded into smart metering, power trading, and distribution across key cities including Mumbai. The company is part of the diversified Adani Group.

REF:https://nsearchives.nseindia.com/corporate/ADANITRANS_24072025144954_Outcome_results_24072025.pdf

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