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Informist, Tuesday, Jul. 21, 2026

 

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--Adani Energy Apr-Jun consol net profit INR 11.49 bln
--Analysts saw Adani Energy Apr-Jun consol net profit at INR 7.68 bln
--Adani Energy Apr-Jun consol revenue INR 97.11 bln
--Analysts saw Adani Energy Apr-Jun consol revenue at INR 80.94 bln
--Adani Energy Apr-Jun consol PAT INR 11.49 bln vs INR 5.13 bln year ago
--Adani Energy Apr-Jun consol revenue INR 97.11 bln vs INR 68.19 bln yr ago
--Adani Energy Apr-Jun transmission revenue INR 33.35 bln vs INR 21.88 bln
--Adani Energy Apr-Jun distribution sales INR 35.2 bln vs INR 33.6 bln yr ago
--Adani Energy Apr-Jun smart meter sales INR 3.5 bln vs INR 1.1 bln yr ago
--Adani Energy Apr-Jun consol operating margin 31.27% vs 26.55% year ago

 

By Rajesh Gajra

 

MUMBAI – Adani Energy Solutions Ltd. reported a higher-than-expected net profit for the June quarter on the back of strong revenue growth and higher profitability. The top-line growth was supported by transmission revenue but distribution sales growth was weak. The bottom line was helped considerably by an expansion in the operating margin.

 

For the June quarter, the consolidated net profit of the company rose 2.24 times to INR 11.49 billion, which exceeded the Street's view of INR 7.68 billion. The consolidated revenue from operations rose 42% on year to INR 97.11 billion, which was also above analysts' estimate of INR 80.94 billion.

 

Sequentially, the consolidated net profit of Adani Energy was up 68% and the revenue was up 31%.

 

The 2.24-times jump in reported net profit was on account of a favourable year-on-year change in net movement in regulatory deferral account balance to an income of INR 285 million in the June quarter from an expense of INR 5.04 billion in the year ago quarter, according to notes to accounts in the financial statement of the company.

 

The company said it was accounting for the impact of earlier years' regulatory asset charges on revenue from operations and net movement in regulatory deferral account balances. In case of the impact on revenue from operation, the company recorded a surplus of INR 1.27 billion for the June quarter as against a recovery amount of INR 2.15 billion in the year ago quarter. The reported revenue was after factoring in this accounting adjustment.

 

Excluding the impact on net movement in regulatory deferral account balances, Adani Energy's profit before tax was up by only 22% on year to INR 14.12 billion.

 

The revenue growth of the company for the June quarter was driven by a surge in revenue from its energy solutions platform to INR 19.07 billion from INR 2.10 billion in the year-ago quarter. The transmission segment revenue jumped up to INR 33.35 billion from INR 21.88 billion, while the distribution segment sales increased to INR 35.20 billion from INR 33.60 billion. The smart meter segment reported a revenue of INR 3.47 billion for the June quarter, up from INR 1.12 billion in the year ago quarter.

 

The consolidated EBITDA margin expanded to 31.27% in the reporting quarter from 26.55% a year ago.

 

The bottom-line growth of the company benefitted from a surge in deferred assets recoverable or adjustable to INR 486 million in the June quarter from INR 20 million in the year-ago quarter. The tax expenses were up 33% on year at INR 1.56 billion.  

 

Tuesday, shares of Adani Energy ended at INR 1,737, up 0.4% from the closing price Monday.  End

 

Edited by Akul Nishant Akhoury

 

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