Adani Energy Solutions Q3 Results: Net profit jumps 80% to ₹625 crore, stock ends higher

Adani Energy Solutions Limited (AESL) on Thursday reported a nearly 80% rise in its consolidated net profit to ₹625.30 for the quarter ended December 31, 2024 (Q3 FY25) as compared to ₹348.25 crore posted in the year-ago period. The growth was driven by higher revenues.

The shares of the Ahmedabad-based electric power transmission company ended 0.75% higher at ₹808.8 apiece on the NSE on January 23. The company’s market capitalisation stands at ₹96,715.27 crore.

Kandarp Patel, CEO of Adani Energy Solutions (AESL) said in a statement, "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."

He added that despite a large order book of ₹54,761 crore in transmission and ₹13,600 crore in smart metering, the company will continue to deliver strong operating and financial performance.

Other key highlights

• Total income of the company increased to ₹6,000.39 crore in the reporting quarter from ₹4,824.42 crore in the same period a year ago.

• AESL's Mumbai distribution business recorded a 3% growth in energy consumption, the statement said.

• The company’s distribution losses of 4.66% remain low and the utility added new consumers, reaching 3.17 million on the back of a reliable and affordable power supply.

• AESL won two new transmission projects in the October-December quarter—Khavda Phase IV Part-D with a project cost of ₹3,455 crore and Rajasthan Phase III Part-I (Bhadla – Fatehpur HVDC) with a preliminary project cost of ₹25,000 crore.

• The company has seen five new project wins so far in the current fiscal, with the under-construction project pipeline zooming to ₹54,761 crore in Q3FY25 (October to December 2024) from ₹17,000 crore at the start of the year.

• AESL added 225 circuit kilometres (CKM) during the reporting quarter and ended with a total transmission network of 25,778 ckm.

About the company

Adani Energy Solutions (AESL), part of the Adani Group, is a multidimensional organisation with a presence in various energy fields including power transmission, distribution, smart metering and cooling solutions. AESL is the country’s largest private transmission company, with a presence across 16 states of India and a cumulative transmission network of 25,778 ckm and 84,186 MVA transformation capacity. As part of its distribution business, the company serves more than 12 million consumers in Mumbai and the industrial hub of Mundra SEZ.