Adani Energy Solutions Q2 profit surges 145% to ₹1,364 crore, EBITDA hits record high
Synopsis
Adani Energy Solutions has posted its strongest-ever quarterly numbers — a 145% profit surge and all-time high EBITDA — while building an order book of ₹87,000 crore. With smart metering scaling to 15 million meters and a landmark 2.5 GW MSEDCL contract in the bag, AESL is moving well beyond a traditional utility play.
Key Takeaways
Adani Energy Solutions reported Q2 FY27 net profit of ₹1,364 crore , up 145% year-on-year.
Total income rose 51% to ₹10,239 crore ; operational revenue also up 51% to ₹7,167 crore .
EBITDA hit an all-time quarterly high of ₹3,548 crore , up 67% year-on-year.
H1 FY27 PAT surged 137% to ₹2,600 crore ; total income up 46% to ₹20,092 crore .
Active order book stands at approximately ₹87,000 crore after winning Vizag and Satara transmission assets.
Smart metering installation base reached approximately 15 million meters ; MSEDCL power supply contract covers 2.5 GW .
Adani Energy Solutions Ltd (AESL) on Thursday, 22 October 2026 reported a 145% year-on-year jump in consolidated net profit to ₹1,364 crore for the quarter ended 30 September 2026 (Q2 FY27), marking what the company described as a record quarterly performance. Total income for the quarter surged 51% to ₹10,239 crore, up from ₹6,767 crore in Q2 FY26.
Record EBITDA and Revenue Growth
Operational revenue rose 51% to ₹7,167 crore, driven by strong contributions from the transmission and energy solutions segments. EBITDA for the quarter climbed 67% year-on-year to ₹3,548 crore, while operating EBITDA grew 68% to ₹3,070 crore — both all-time quarterly highs for the company.
On a half-yearly basis, consolidated PAT (profit after tax) jumped 137% to ₹2,600 crore for H1 FY27, with total income rising 46% to ₹20,092 crore over the same period.
What the CEO Said
Kandarp Patel, Chief Executive Officer of Adani Energy Solutions, said the company closed the first half of the fiscal year with 'strong financial and operational momentum, laying a robust foundation for future growth.' Patel noted that AESL significantly expanded its growth pipeline by winning the Vizag and Satara transmission assets, elevating the active order book to approximately ₹87,000 crore.
Patel also highlighted that the Mumbai distribution business grew by approximately 11% in units sold, while the smart metering platform scaled its installation base to around 15 million meters. He added that a 2.5 GW round-the-clock (RTC) power supply contract with MSEDCL 'reinforced AESL's core competencies in multi-source energy aggregation and power supply optimisation for customers.'
Segment-wise Performance
Transmission operating revenue rose 17% year-on-year to ₹1,521 crore in Q2. Distribution revenue across AEML and MUL grew 2% to ₹3,181 crore. The smart metering segment delivered the sharpest growth, with operating revenue (Ind AS) surging 129% to ₹267 crore, while energy solutions revenue stood at ₹2,197 crore.
Stock Performance
Shares of Adani Energy Solutions ended at ₹1,293 on the Bombay Stock Exchange (BSE) on Thursday. The stock has recorded a 52-week high of ₹1,789 and a 52-week low of ₹804.70, according to exchange data. With an order book of ₹87,000 crore and expanding metering and transmission footprints, the company's next milestones will likely hinge on execution pace across its active project pipeline.
Point of View
000 crore order book. That pipeline, built on transmission wins and a fast-scaling smart metering platform, signals AESL's ambition to be far more than a distribution company. The risk, as always with Adani Group infrastructure plays, is execution: converting a massive backlog into commissioned assets at pace. The MSEDCL 2.5 GW RTC contract is strategically significant — it tests AESL's multi-source aggregation capability at scale. If the metering rollout continues at this trajectory, the smart segment could become a disproportionate earnings driver within two to three years, reshaping how the market values the stock.
NationPress
22 Oct 2026
Frequently Asked Questions
What were Adani Energy Solutions' Q2 FY27 results?
Adani Energy Solutions reported a 145% year-on-year rise in consolidated net profit to ₹1,364 crore for Q2 FY27 (quarter ended 30 September 2026). Total income grew 51% to ₹10,239 crore and EBITDA hit an all-time quarterly high of ₹3,548 crore.
What is Adani Energy Solutions' current order book?
AESL's active order book stands at approximately ₹87,000 crore as of Q2 FY27. The company recently expanded its pipeline by winning the Vizag and Satara transmission assets.
How did the smart metering segment perform?
Smart metering operating revenue (Ind AS) surged 129% year-on-year to ₹267 crore in Q2 FY27. The installation base has scaled to approximately 15 million meters.
What is the MSEDCL contract that AESL announced?
AESL signed a 2.5 GW round-the-clock (RTC) power supply contract with Maharashtra State Electricity Distribution Co. Ltd (MSEDCL). The deal is aimed at multi-source energy aggregation and power supply optimisation for consumers.
Where does Adani Energy Solutions' share price stand?
Shares of Adani Energy Solutions closed at ₹1,293 on the BSE on 22 October 2026. The stock's 52-week high is ₹1,789 and its 52-week low is ₹804.70, according to exchange data.
