Adani Energy Solutions Q1 Results: Net profit at ₹539 crore, revenue rises 28% YoY

Adani Energy Solutions on Thursday, July 24, reported a net profit of ₹539 crore for the first quarter of the current fiscal year (Q1 FY26), turning profitable after posting a net loss of ₹1,191 crore in the year-ago period.

The company's revenue from operations during the reporting quarter jumped 26.8% year-on-year (YoY) to ₹6,819 crore as compared to ₹5,379 crore reported in the first quarter of FY25.

Its earnings before interest, taxes, depreciation and amortisation (EBITDA) in the June quarter climbed 3% YoY to ₹2,315 crore from ₹2,244 crore in Q1 FY25. Margin stood at 33.9% in Q1 FY26 against 41.7% in the previous year.

Commenting on the company's Q1 FY26 earnings, CEO Kandarp Patel 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."

Adani Energy's total income jumped 28% to ₹7,026 crore in Q1 FY26 on stable operating performance and SCA income due to higher capital expenditure and growth in metering business, the company said in its release. Its capex increased to ₹2,224 crore during the reporting quarter from ₹1,313 crore a year ago.

"We expect to not only maintain the same momentum, but further enhance our pursuit of the 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,” Patel added.

During the April-June quarter, the company secured a new transmission project, WRNES Talegaon line, with its under-construction order book standing at ₹59,304 crore.

The company installed 24 lakh smart meters during the reporting quarter, taking the total to 55.4 lakh smart meters by achieving a daily run rate of 25,000-27,000-meter installations, the release stated. The company now aims to install 70 lakh new meters this year, achieving at least 1 crore meters in total by the end of this financial year.

Shares of Adani Energy Solutions ended 1.34% down at ₹1,020 apiece on the NSE on Thursday, July 24, and its market capitalisation stood at ₹1,61,571.31 crore.