Adani Energy Solutions Achieves 80% PAT Growth in Q3, Revenue Grows 24%

Ahmedabad, Jan 23 (NationPress) Adani Energy Solutions Ltd (AESL) announced a remarkable growth of nearly 80 percent in profit after tax (PAT) for the third quarter (Q3) of FY25, reaching Rs 625 crore, compared to Rs 348 crore in the same period last year.

The adjusted Q3 PAT was Rs 440 crore, marking a 26 percent year-over-year increase, boosted by a one-time reversal of a net deferred tax liability amounting to Rs 185 crore, primarily due to the divestment of the Dahanu plant within AEML (Adani Electricity Mumbai Limited).

Total income for the quarter surged by 24 percent to Rs 6,000 crore, driven by contributions from several recently commissioned projects including MP Package-II, Kharghar-Vikhroli, Warora-Kurnool, Khavda-Bhuj, and Mahan-Sipat lines, alongside increased energy sales in Mumbai and Mundra utilities, as reported by the company, which is part of the globally diversified Adani Group.

EBITDA rose by 6 percent to Rs 1,831 crore during the quarter, reflecting strong revenue growth, EPC income in transmission, treasury income, and consistent regulated EBITDA in AEML.

The operational EBITDA of Rs 1,579 crore in Q3 was up 9 percent year-over-year. The transmission segment has maintained an industry-leading operational EBITDA margin of 92 percent.

“The company remains dedicated to timely project completions and enhancing operational efficiencies. A significant highlight of this quarter is the acquisition of new projects in AESL, which not only aids in capturing market share but also consolidates AESL's dominant position as India’s largest private transmission entity,” remarked Kandarp Patel, CEO of Adani Energy Solutions.

“We are optimistic that, despite a substantial order book of Rs 54,761 crore in transmission and Rs 13,600 crore in smart metering, the company will sustain its strong operational and financial performance due to unparalleled project execution and capital management strategies,” Patel added.

AEML, the electricity distribution wing in Mumbai, experienced a 3 percent increase in energy consumption. Its distribution losses remained low at 4.66 percent, and the utility expanded its consumer base to 3.17 million due to its reliable and cost-effective power supply.

During the quarter, the company secured two new transmission projects: Khavda Phase IV Part-D with a project investment of Rs 3,455 crore and Rajasthan Phase III Part-I (Bhadla-Fatehpur HVDC) with an estimated project cost of Rs 25,000 crore, adding 3,044 circuit kilometres (ckm) to the ongoing network.

With five new project acquisitions this year, the pipeline for under-construction projects has surged to Rs 54,761 crore in Q3 FY25, up from Rs 17,000 crore at the beginning of the year, the company disclosed.