Ahmedabad, Jan 22 (NationPress) Adani Energy Solutions Limited (AESL) announced a remarkable 30% year-over-year (YoY) growth in its adjusted profit after tax (PAT) for the third quarter of the ongoing financial year (Q3 FY26). This achievement is attributed to effective execution across its primary business segments, even in a challenging operational landscape.

During this quarter, EBITDA reached a record high of Rs 2,210 crore, reflecting a 21% increase compared to the same quarter from the previous financial year, as reported in its filing with the stock exchange.

The company's total income for the quarter surged by 15.7% YoY, reaching a historic Rs 6,945 crore. This growth was fueled by enhanced operational performance and a rise in Service Concession Arrangement income due to increased capital expenditure.

“We are thrilled to report another strong quarter. Our core competencies in effective execution, focused operations & maintenance (O&M), and capital management have enabled us to maintain consistent progress in project development,” stated Kandarp Patel, CEO of Adani Energy Solutions.

“Looking forward, we are optimistic about the growth prospects across our business sectors,” Patel added.

Profit before tax experienced a significant jump of 43.2%, amounting to Rs 801 crore, as per the regulatory filing.

Cash profit for this quarter rose by 22.8% to Rs 1,227 crore. The company also showcased strong performance over the first nine months of FY26.

In the initial nine months of this financial year, total income increased by 16.2% YoY, reaching a record Rs 20,737 crore, while EBITDA grew by 15.9% to a historic Rs 6,354 crore. Profit before tax was reported at Rs 2,205 crore, up 37.3% from the same period last year.

Cash profit for the period (9M FY26) saw a rise of 17.1%, totaling Rs 3,435 crore, as stated by the company.

AESL's capital expenditure execution remained robust, with capex rising to Rs 9,294 crore from Rs 7,475 crore during the same period last financial year.

The company successfully commissioned four transmission projects during this timeframe, including North Karanpura Transmission, Khavda Phase II Part-A, Khavda Pooling Station-1, and the Sangod transmission project.

In the smart metering division, AESL installed 61.2 lakh new meters throughout the nine-month period, bringing the cumulative installation to 92.5 lakh meters.

The company’s growth outlook remains promising, with transmission projects under construction valued at Rs 77,787 crore. The smart metering order book encompasses 2.46 crore meters, with potential revenue of Rs 29,519 crore.

The near-term tendering pipeline for transmission is estimated at around Rs 1 lakh crore, and significant opportunities for smart metering exist nationwide.

In terms of capital management, Moody’s Ratings has upgraded the outlook for Adani Transmission Step-One Limited and Adani Electricity Mumbai Limited to ‘Stable’ from ‘Negative’ while affirming their Baa3 senior secured ratings.