Mumbai, Jan 24 : Adani Energy Solutions Ltd, formerly Adani Transmission Ltd, reported a consolidated net profit of ₹561.78 crore for the December 2024 quarter (Q3 FY25), a 72.90% year-on-year (YoY) increase from ₹324.90 crore in the same period last year.
Revenue from operations climbed 27.78% to ₹5,830.26 crore, compared to ₹4,562.73 crore in Q3 FY24. Operating EBITDA grew 8.6% YoY to ₹1,579 crore, while total EBITDA increased 5.7% YoY to ₹1,831 crore.
Kandarp Patel, CEO of Adani Energy Solutions, expressed optimism about the company’s outlook, citing strong utility demand and progress in smart meter installations.
“The power demand trends in both utilities are encouraging and we are making progress with the installation of smart meters in all our contracts with daily average installation consistently improving. We are confident that despite a large order book of ₹54,761 crore in transmission and ₹13,600 crore in smart metering, the company will continue to deliver strong operating and financial performance, thanks to unparallel project and operating excellence coupled with robust capital management program,” Patel said.
The company also highlighted its operational performance, achieving an average system availability of over 99.7% during the quarter. Incentive income reached ₹33 crore in Q3 FY25 and ₹97 crore for the nine months ended December 2024, showcasing its operational excellence.
New Projects and Market Performance
Adani Energy won two major transmission projects in the quarter:
- Khavda Phase IV Part-D, with a project cost of ₹3,455 crore.
- Rajasthan Phase III Part-I (Bhadla–Fatehpur HVDC), with a preliminary project cost of ₹25,000 crore.
These projects add 3,044 circuit kilometers (ckm) to the company’s under-construction network.
Following the results, Adani Energy shares rose 0.71% to ₹806.80 on the Bombay Stock Exchange (BSE). Trading volumes surged to 2.78 lakh shares, surpassing the two-week average of 2.21 lakh shares. The turnover stood at ₹22.47 crore, with the company’s market capitalization at ₹96,673.22 crore.
Adani Energy Solutions attributed its robust performance to strong project execution and efficient capital management, as the company continues to expand its transmission and smart metering infrastructure.
