Adani Energy Solutions Reports 172% Surge in Q2 FY25 Net Profit
Adani Energy Solutions Limited (AESL) announced a remarkable 172% increase in net profit, reaching ₹773 crore for the July-September quarter (Q2) of FY25.
After adjusting for deferred tax reversals, the profit after tax (PAT) stood at ₹459 crore, reflecting a 61.6% year-on-year increase. EBITDA for the quarter was ₹1,891 crore, up 31% compared to the previous year.
CEO Kandarp Patel emphasized the company’s commitment to timely project completion and operational efficiencies. He noted encouraging trends in power demand from utilities and new transmission project wins, alongside progress in smart meter installations.
In August, AESL raised ₹8,373 crore through a qualified institutional placement (QIP), marking the largest fundraising in India’s power sector, with bids received approximately six times the base deal size.
The project pipeline expanded significantly from ₹17,000 crore in Q1 to ₹27,300 crore in Q2. The transmission network grew to 23,269 circuit kilometers (ckm) from 19,862 ckm in the same period last year.
Total income surged by 69%, driven by contributions from recently commissioned lines, higher energy sales in Mumbai and Mundra utilities, and advancements in smart metering. The company also secured three new transmission projects, adding 2,059 ckm to its under-construction network.
With a healthy leverage position, the net debt to EBITDA ratio stands at 3.1 times for H1 FY25, and capital expenditure reached ₹4,400 crore, up from ₹2,622 crore in H1 FY24.
Patel highlighted the successful divestment of the Dahanu thermal plant and a record 39% renewable power penetration in Mumbai, reinforcing AESL’s leadership in India’s energy transition.
