Adani Energy Solutions Ltd. reported a double-digit growth in revenue in the third quarter of the current financial year. Consolidated revenue from operations jumped 15.4% to Rs 6,730 crore in the October-December quarter, compared to Rs 5,830 crore in the year-ago period, according to a stock exchange filing on Thursday.
Net profit fell 8% to Rs 574 crore, compared to Rs 625 crore last year. The company attributed the decline to the positive impact of deferred tax of Rs 185 crore in Q3FY25 which has to be adjusted for a like-for-like comparison. Adjusted PAT was up 30% YoY, translating from double-digit Ebitda expansion.
Operating income, denoted under earnings before interest, tax, depreciation and amortisation, during the quarter also reached record high to Rs 2,210 crore, up 21%, driven by robust growth in transmission and smart metering segment and steady performance in distribution segment.
The capex in the first nine months of the fiscal increased by 1.24x to Rs 9,294 crore. During the period, Adani Energy commissioned four transmission projects – North Karanpura Transmission (NKTL), Khavda Phase II Part-A, Khavda Pooling Station - 1 (KPS-1) and Sangod transmission. In smart meters business, it installed 61.2 lakh new meters, thereby reaching a total mark of 92.5 lakh installed meters cumulatively. The company is on track to surpass one crore cumulative smart meters by the end of FY26, according to a statement.
With recent wins, the company's aggregate transmission under construction pipeline stands at Rs 77,787 crore and smart metering orderbook of 2.46 crore meters with a revenue potential of Rs 29,519 crore. The near-term tendering pipeline in the transmission sector is at Rs 1 lakh crore.
Shares of Adani Energy Solutions settled nearly 3% higher at Rs 925 on the BSE, ahead of the results, compared to a 0.5% advance in the benchmark Sensex. The stock is up 15% on a 12-month basis.
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