Adani Energy Solutions (AESL), the country’s largest private transmission company, reported a 145% year-on-year rise in consolidated net profit to ₹1,364 crore in the July-September quarter of FY27, compared with ₹557 crore a year earlier, supported by strong growth across its businesses.
Total income rose 51% year-on-year (YoY) to an "all-time high" of ₹10,239 crore in Q2 FY27, driven by stronger performance across businesses, smart meter rollouts and higher Service Concession Arrangement (SCA) income reflecting increased capex execution, AESL said in an exchange filing today.
On the operating front, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew 67% to ₹3,548 crore from ₹2,126 crore in the year-ago quarter, while operating EBITDA increased 68% to ₹3,070 crore.
For the first half of FY27, net profit rose 137% to ₹2,600 crore, while total income grew 46% to ₹20,092 crore. Operational revenue increased 50% to ₹14,351 crore, and EBITDA rose 62% to ₹6,726 crore. Operating EBITDA grew 70% to ₹5,878 crore.
Transmission order book reaches ₹87,000 crore
AESL in its earnings report, said that it secured two transmission projects during the quarter - Vizag Power Transmission Ltd and Satara Power Transmission Ltd - taking its aggregate under-construction transmission project pipeline to around ₹87,000 crore. The company said the near-term transmission tendering pipeline remains robust at approximately ₹1.4 lakh crore.
Transmission capital expenditure rose 1.7 times to ₹5,542 crore in H1 FY27, compared with ₹3,343 crore in the year-ago period, reflecting the pace of project execution.
“We significantly expanded our growth pipeline by winning the strategic Vizag and Satara transmission assets, elevating our active order book to ₹87,000 crore,” said Kandarp Patel, CEO of Adani Energy Solutions. He added that robust quarter-on-quarter performance across business segments and financial discipline position the company to convert its project pipeline into long-term stakeholder value.
Smart meter installations near 15 million
AESL had completed 14.82 million cumulative smart meter installations by the end of the quarter. Its smart metering order book stood at 24.6 million meters, representing a revenue potential of ₹29,519 crore. The company estimates the nationwide smart metering opportunity at 86 million meters.
The company’s Mumbai distribution business recorded growth of around 11% in units of electricity sold during the first half, according to its management.
AESL also secured a 2.5 GW round-the-clock (RTC) power supply contract with Maharashtra State Electricity Distribution Company Ltd (MSEDCL), strengthening its energy aggregation and power supply optimisation capabilities.
During the July-September quarter, AESL completed its ₹3,500-crore qualified institutional placement (QIP), allotting 2,16,71,826 equity shares at ₹1,615 apiece.
Ahead of the results, AESL shares settled 2.49% lower at ₹1,293 on the BSE, valuing the company at around ₹1.58 lakh crore.