| Margins | Energy solutions EBIT at INR 590 Cr; smart meter revenue rising. |
|---|---|
| Order book | Smart meter order book at 2.46 crore units; total portfolio 4.7 crore. |
| Demand visibility | Robust pipeline from data centers (1.5x consumption load) and C&I customers. |
| Management confidence | High; citing execution discipline and locked-in growth across four business verticals. |
Growth
Energy Solutions revenue reached INR 1,838 Cr from long-term PPAs; quarterly capex delivered was INR 3,500 Cr.
Outlook
Targeting INR 20,000-25,000 Cr annual capex; aims to capture 7.5 GW market opportunity by 2031.
Risks
Potential variability in P&L due to open market positions and industry-wide Right-of-Way (ROW) challenges in transmission.
Last quarter's promises, checked
Delivered
- Guided 70 lakh smart meters → delivered 83 lakh (= BEAT)
- Guided Mumbai HVDC commissioning in FY26 → delivered 100% complete (= BEAT)
- Guided INR 15,000 Cr capex for FY26 → delivered ~INR 15,000 Cr (= BEAT)
Partly delivered
- Guided FY27 Capex INR 22,000 Cr → delivered INR 3,500 Cr in Q1 (on track but early) (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: ADANIENSOL. Summary written with AI assistance from the document.
Adani Energy Solutions Ltd: key numbers
- Share price
- ₹1,338.50
- Market cap
- ₹1,63,692 Cr
- Revenue (annual)
- ₹27,588 Cr
- Net profit (annual)
- ₹2,283 Cr
- P/E (TTM)
- 56.1×Sector 25.1×
- Promoter holding
- 73.39%+0.66% QoQ
- FII holding
- 10.31%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Adani Energy Solutions Ltd
All →Adani Energy Solutions Merger & Restructuring Worth ₹0.05 Cr
Adani Energy Solutions incorporated a new wholly-owned subsidiary, Arasan Step V Limited, for electricity-related business, with a cash investment of Rs. 0.05 Crore.
- Value
- ₹0.05 Cr
Adani Energy Solutions Merger & Restructuring Worth ₹0.4 Cr
Adani Energy Solutions Ltd incorporated eight new wholly owned subsidiaries, Arasan Step V to XII, for electricity business activities with an aggregate investment of ₹0.40 Crore.
- Value
- ₹0.40 Cr
Adani Energy Solutions Legal & Regulatory
Adani Energy Solutions received a SEBI Settlement Order regarding a past application. The company paid a ₹0.10 Crore settlement amount, with no material financial impact.
- Value
- ₹0.10 Cr
Adani Energy Solutions Other Announcement
Adani Energy Solutions received its first ESG rating from Niche Ninety Nine Capability and Certifications (OPC) Private Limited, achieving a score of 75/100.
Adani Energy Solutions Bags New Order from Maharashtra State Electricity Distribution Company Limited
Adani Energy Solutions' subsidiary PTSL signed a 25-year Power Purchase Agreement with MSEDCL for the supply of 2,500 MW of Round-the-Clock power.
- From
- Maharashtra State Electricity Distribution Company Limited (MSEDCL)
- Execution
- 25 years
- RTC power supply capacity
- 2500.0 MW
Adani Energy Solutions Capital Structure Change
GQG Partners and its PACs sold a 1.63% stake in Adani Energy Solutions Limited. The disposal was executed through multiple open market transactions.