Mumbai, Jan 23 (UNI) Adani Energy Solutions Ltd (AESL) has officially announced an 8.2% Year-on-Year (YoY) decline in its net profit to Rs 574 crore, for the third quarter ended December 31, 2025 (Q3FY26).
“This was on account of a positive impact of deferred tax of Rs 185 crore last year in Q3FY25 which has to be adjusted for a like-for-like comparison,” the company said in a stock exchange filing.
Adjusted profit after tax (PAT) was up by 30.4% YoY at Rs 574 crore, translating from double-digit EBITDA expansion, while the cash profit increased by 22.8% YoY to Rs 1,227 crore, as per the company statement.
Total income during the quarter registered a growth of 15.7% YoY to Rs 6,945 crore, backed by better operating performance and Service Concession Arrangement (SCA) income due to higher capex.
“We are delighted to have delivered yet another strong quarter. Despite the challenges, our core strengths of strong on-ground execution, focused O&M and capital management have helped to drive consistent progress on the project development side,” Adani Energy Solutions CEO Kandarp Patel said.
“Looking ahead, we believe the growth outlook across our business areas remains robust,” Patel added.
“Despite the challenges, our core strengths of strong on-ground execution, focused O&M and capital management have helped to drive consistent progress on the project development side,” AESL CEO Kandarp Patel said.
“Looking ahead, we believe the growth outlook across our business areas remains robust. We expect a substantial increase in our asset capitalisation programme across all core segments and expect strong momentum in bidding activity in the short to medium term,” Patel said.
The company commissioned four transmission projects during this period, including North Karanpura Transmission, Khavda Phase II Part-A, Khavda Pooling Station-1 and the Sangod transmission project.
In the smart metering business, the company installed 61.2 lakh new meters during the nine-month period, taking the cumulative installation to 92.5 lakh meters.
The company’s future growth visibility remains strong. Its transmission projects under construction stand at Rs 77,787 crore, while the smart metering order book covers 2.46 crore meters with a revenue potential of Rs 29,519 crore.
The near-term tendering pipeline in transmission is estimated at around Rs 1 lakh crore, and the overall smart metering opportunity across the country remains large.
On the capital management front, Moody’s Ratings revised the outlook for Adani Transmission Step-One Limited and Adani Electricity Mumbai Limited to ‘Stable’ from ‘Negative’ and affirmed their Baa3 senior secured ratings.
