Adani Energy Solutions net profit surge 46 pc in Q2

New Delhi, Nov 6 (UNI) Adani Energy Solutions Ltd (AESL) on Monday reported 46% year-on-year rise in consolidated net profit at Rs 284.09 crore for July-September quarter (Q2) of current financial year 2023-24.

The power distribution and transmission company had logged Rs 194.47 crore profits in the corresponding quarter of 2022-23.

Consolidated operational EBITDA grew by 10% to Rs 1,368 crore in Q2 of the current fiscal.

The company’s total income during Q2FY24 stood at Rs 3,766.46 crore from Rs 3,376.57 crore in Q2FY23 registering 11.54% growth.

“The company has a robust and resilient business model and a strong order pipeline of Rs 150 billion in transmission business and Rs 230 billion in smart metering business,” Adani Energy Solutions said in a statement.

Anil Sardana, MD, AESL said that the company remains steadfast in its performance and continues to expand into multiple energy solution areas.

“It has been demonstrating its execution prowess by commissioning assets despite significant inherent challenges. AESL’s growth trajectory remains significant despite a challenging macroeconomic environment. Our pipeline of projects in both transmission and smart metering will further strengthen our pan-India presence and consolidate our position,” he said.

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