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Informist, Monday, Oct. 27, 2025

 

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--Adani Energy Jul-Sept consol PAT INR 5.34 bln vs INR 6.75 bln year ago 
--Adani Energy Jul-Sept consol revenue INR 65.96 bln vs INR 61.84 bln yr ago 
--Adani Energy Apr-Sept consol PAT INR 10.46 bln vs INR 1.49 bln loss yr ago 
--Adani Energy Apr-Sept consol sales INR 134.15 bln vs INR 115.62 bln yr ago 
--Adani Energy Q2 consol transmission revenue INR 23.72 bln vs INR 23.03 bln 
--Adani Energy Q2 consol distribution revenue INR 31.18 bln vs INR 30.14 bln 
--Adani Energy Q2 consol trading revenue INR 2.01 bln vs INR 4.90 bln yr ago 
--Adani Energy Jul-Sept consol operating margin 29.65% vs 27.74% year ago 
--Adani Energy Q2 consol operating EBITDA INR 18.25 bln vs INR 16.66 bln 
--Adani Energy Jul-Sept capex INR 37.52 bln vs INR 30.31 bln year ago 
--Adani Energy Q2 smart metering capex INR 10.74 bln vs INR 4.43 bln yr ago 
--Adani Energy installed 1.8 mln smart meters in Jul-Sept vs 380,000 yr ago 
--Adani Energy Q2 consol PAT up 21% YoY adjusting for tax reversal year ago 

 

By J. Navya Sruthi

 

MUMBAI – Adani Energy Solutions Ltd. reported a sharp on-year fall in its September quarter's consolidated net profit due to higher tax expense. However, the company's top line saw a higher single-digit growth during the quarter.   

 

The company reported a consolidated net profit of INR 5.34 billion in the September quarter, down nearly 21% on year from INR 6.75 billion a year ago. Sequentially, the net profit grew over 4% during the quarter. The company's revenue rose nearly 7% year-on-year to INR 65.96 billion during the quarter. 

 

The net profit of the company fell on a yearly basis after rising for four trailing quarters. But this is for the 18th successive quarter the revenue of the company has grown year-on-year. In the June quarter, the company's bottom line was INR 5.1 billion, against a loss of INR 8.2 billion a year ago.

 

During the quarter, the company reported a tax expense of INR 1.87 billion, compared to a tax reversal of INR 1.80 billion in the corresponding period last year. Other than the reporting quarter's tax expense, the company in its press release also said there was a deferred tax reversal in the previous year's September quarter. In Jul-Sept of financial year 2024-25 (Apr-Mar), the company's profit after tax was INR 7.73 billion, which also included the one-time tax reversal of INR 3.14 billion.

 

After the deferred tax reversal for the year-ago quarter, the company's adjusted net profit for Jul-Sept of FY25 totalled to INR 4.59 billion. Accordingly, the company's consolidated profit for the September quarter was up 21% on year at INR 5.57 billion after adjusting for the tax reversal in the year-ago quarter.   

 

The company's operational earnings before interest, taxation, depreciation, and amortisation rose 9.5% on year to INR 18.25 billion in Jul-Sept due to higher growth in its transmission and smart meter business-led growth. The operating margin for the September quarter rose to 29.65% from 27.74% in the same period a year ago.

 

The company reported a consolidated net profit of INR 10.46 billion during Apr-Sept, against a loss of INR 1.49 billion in the year-ago period. Adani Energy's net sales were up 16% on year at INR 134.15 billion during Apr-Sept.  

 

SEGMENT-WISE PERFORMANCE

The company's revenue from the transmission business grew 3% on year to INR 23.72 billion in the September quarter. Revenue from the distribution business rose over 3% on year to INR 31.18 billion, and that from the trading business saw a sharp fall of 60% on year to INR 2.01 billion.

 

The company's capital expenditure during the September quarter was INR 37.52 billion, up from INR 30.31 billion in the corresponding period the previous year. The capital expenditure during Apr-Sept grew 1.4 times to INR 59.76 billion with steady capital expenditure performance across all three segments.

 

Smart metering capital expenditure grew 2.4 times on year to INR 10.74 billion in Jul-Sept on the back of a rise in meter installations. Capital expenditure of the distribution segment also rose 1.7 times to INR 3.60 billion. Capital expenditure in the transmission business was at INR 23.18 billion, slightly down from INR 23.79 billion year ago.      

 

Adani Energy's smart meters installations rose to 1.8 million meters in the September quarter from 380,000 meters a year ago. So far in FY26, the company has installed 4.24 million meters, with total smart meters installed overall at 7.37 million.  

 

"We are pleased to report another strong quarter. During the first half, the company made strides to commission three new transmission lines and achieved industry leading daily run-rate in terms of smart meters installation and touched 74 lakh (7.4 milluon) meter installation mark which is highest in the country by any player," Adani Energy's Chief Executive Officer Kandarp Patel said in a note. "In terms of growth outlook, the sector continues to offer significant growth opportunities due to focused energy transition backed by regulatory stability and reforms. We anticipate a significant increase in AESL's capex roll-out across all core segments and expect strong momentum in the bid activity during the rest of the year."

 

The company reported its September quarter results after market hours. On Monday, shares of Adani Energy Solutions ended at INR 946.35 on the National Stock Exchange, slightly higher over Friday.  End

 

Edited by Tanima Banerjee

 

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