Adani Energy Solutions reported a 124% year-on-year rise in consolidated net profit to ₹1,149 crore in Q1 FY27.
Revenue from operations increased 42% to ₹9,711 crore, supported by strong growth across key business segments.
Transmission, distribution and smart meter businesses contributed to the company's improved performance during the quarter.
Adani Energy Solutions Q1 Profit Jumps 124% YoY to ₹1,149 Cr Amid 42% Revenue Growth
The company's transmission, distribution and smart meter businesses drove earnings growth, while revenue rose 42% year-on-year during the June quarter
Summary
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Adani Energy Solutions reported a consolidated net profit of ₹1,149 crore for the first quarter of FY27, marking a 124% increase from ₹512 crore in the corresponding period last year.
Revenue from operations climbed 42% year-on-year (YoY) to ₹9,711 crore. Compared with the March quarter, the company also recorded higher revenue and profit after tax, which stood at ₹7,443 crore and ₹723 crore, respectively, in the preceding quarter.
Profit before tax and deferred assets recoverable or adjustable rose to ₹1,441 crore from ₹658 crore a year earlier.
Transmission, Distribution Businesses Lead Growth
Adani Energy's transmission business remained the biggest contributor to quarterly performance. Revenue from the segment rose to ₹3,335 crore from ₹2,188 crore in the corresponding quarter last year.
Segment profit before interest and tax from the transmission business increased to ₹1,327 crore, compared with ₹927 crore a year earlier.
The distribution business also reported steady growth, with revenue rising to ₹3,520 crore from ₹3,360 crore. Segment profit improved to ₹357 crore, up from ₹303 crore in the year-ago period.
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Smart Meter Business Gains Momentum
The company's smart meter business continued to expand during the quarter. Revenue from the segment increased to ₹347 crore, compared with ₹112 crore in the same period last year.
Segment profit from the smart meter business climbed to ₹153 crore, up from ₹47 crore a year earlier, reflecting higher execution and improved operating performance.
Adani Energy also reported ₹28 crore as income from movement in regulatory deferral account balances, compared with an expense of ₹504 crore in the year-ago quarter.
Higher Costs Weigh on Expenses
Total expenses during the quarter rose to ₹8,440 crore, compared with ₹5,864 crore a year earlier, mainly due to higher power purchase costs and construction expenses related to service concession arrangements.
The cost of power purchased increased to ₹3,561 crore from ₹1,724 crore, while construction expenses rose to ₹2,138 crore from ₹1,742 crore.
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Finance costs also increased to ₹1,152 crore from ₹894 crore, while depreciation and amortisation expenses rose to ₹585 crore. The company's tax expense for the quarter stood at ₹156 crore, compared with ₹117 crore in the year-ago period.