Adani Energy Solutions Q2 Result: Net Profit Down 21% To Rs 534 Crore, Revenue Up 7%

Adani Energy Solutions Q2 Result: Adani Energy Solutions Limited, on Monday, October 27, reported a 20.8% decline in its net consolidated profit (attributable to shareholders of the company) for the second quarter of the financial year 2025-26. The company had reported a net profit of Rs 533.97 crore in Q2FY26 against Rs 674.96 crore during the same quarter of the previous financial year.

Despite a decline in net profit, the company had reported an annual surge in consolidated revenue of nearly 7% to Rs 6,595.83 crore in Q2FY 26, against Rs 6,183.70 crore reported in the year ago period.

Adani Energy Solutions shares closed 0.16% higher at Rs 946 per share on BSE on Monday with a market capitalisation of Rs 1,13,641.34 crore. The stock had touched an intraday high mark of Rs 951.85 per share and an intraday low mark of Rs 941.00 apiece.

Adani Energy Solutions Q2 Result

Adani Energy Solutions announced a 21% drop in its consolidated net profit, amounting to Rs 534 crore for the quarter ending September 2025. This is a decrease from Rs 675 crore in the corresponding quarter of the previous year. However, during this period, revenue from operations saw a 7% year-on-year increase, reaching Rs 6,596 crore.

"We are pleased to report another strong quarter. The effective on-ground execution & focused O&M is enabling consistent progress on the project capex growth and taking us a step closer towards the completion of our locked-in projects across our business segments. 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 meter installation mark which is highest in the country by any player," said said Kandarp Patel, CEO, Adani Energy Solutions.

Adani Energy Q2 Result: Key Highlights

The company has reported a 16% year-on-year increase in its total income to Rs 13,793 crore in the first half of the financial year 2025-26. Whereas, its total income surged to Rs 6,767 crore in the second quarter of FY26, supported by stable operating performance and SCA income.

-Adani Energy Solutions' EBITDA during H1FY26 surged by 13% on an annual basis to a record high of Rs 4,144 crore. Company's profit before tax (PBT) increased by 25% in Q2FY26 YoY

-Adani Energy's EBITDA increased in the first half due to steady performance in the transmission and distribution segment and rising contribution from the smart metering business segment. "The consolidated operational EBITDA of Rs 1,825 crore grew by 9.5% with transmission and smart meter business led growth. The operational EBITDA in Mumbai distribution business was lower YoY primarily due to contribution from Dahanu thermal asset in Q2FY25 numbers. The Dahanu asset divestment impact will not reflect from Q3FY26 onwards."

-Company's capital expenditure (CAPEX) increased by 1.36x to Rs 5,976 crore in the first half of FY 26 against Rs 4,400 crore in the first half of FY25. During the first half of this year, the company commissioned three transmission projects, ie Khavda Phase II Part-A, Khavda Pooling Station - 1 (KPS-1) and Sangod transmission.

-As per the company press release, Adani Energy Solutions' aggregate transmission under construction pipeline stood at Rs 60,004 crore and smart metering orderbook of 2.46 crore meters with a revenue potential of Rs 29,519 crore. The firm has a near-term tendering pipeline of Rs 96,000 crore in the transmission sector.

Adani Energy Growth Outlook

The energy distribution and power generation sector continues to offer ample opportunities, especially due to focused energy transition. In the transmission segment, AESL has an under-construction project pipeline of 13 projects worth Rs 60,004 crore. In the smart metre segment, the company's under-implementation pipeline stands at 24.6 million smart meters, comprising ten projects with a revenue potential of over Rs 29,519 crore.

"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," added Kandarp Patel, CEO, Adani Energy Solutions.