Adani Energy Solutions Q4 results: Net profit rises 79% to ₹647.15 cr

Adani Energy Solutions (AESL) on Thursday reported a 79 per cent on-year jump in its consolidated net profit (attributable to the owners of the company) at ₹647.15 crore in the fourth quarter of the financial year 2024-25 (Q4FY25).

 

AESL, the electricity transmission arm of the Adani Group, said that its revenue from operations rose 35.5 per cent on-year to ₹6,374.58 crore during the period under review.

 

The company said that the recovery of past regulatory asset charges was recorded at ₹221.23 crore, which was added to the revenue from operations.

 

Consolidated Ebitda (earnings before interest, taxes, depreciation, and amortisation) in Q4FY25 was 28 per cent higher at ₹2,262 crore, supported by revenue growth, strong regulated Ebitda in the distribution business, which was 39 per cent higher Y-o-Y at ₹873 crore in Q4, said the company.

 

The company said there was a 42 per cent on-year rise in its total income for FY25 at ₹24,447 crore, a growth which was driven by the contributions from its recently commissioned transmission projects, robust energy sales in Mumbai and Mundra utilities, and contribution from the smart metering business.

 

“As we embark on the next fiscal year, the company remains focused on incremental project commissioning, significantly increasing the meter installation as well as achieving operating efficiencies in all lines of business,” said Kandarp Patel, CEO, Adani Energy Solutions.

 

“The integrated business model and underlying power demand trends in our areas of operation are encouraging and complement our capital allocation policy,” he added.

 

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AESL secured two transmission projects, Navinal (Mundra) Phase I Part B1 and Mahan Transmission Ltd, in Q4, taking the new order total in FY25 to seven projects with a total project cost of ₹43,990 crore and a cumulative orderbook of ₹59,936 crore.

 

Total expenses for the quarter were recorded at ₹5,411.60 crore, a 24 per cent increase compared with the corresponding previous year.

 

The company said it has doubled its capex in FY25 to ₹11,444 crore, as against ₹5,613 crore in FY24.

 

Shares of AESL closed at ₹962.05, up 2.48 per cent, while the benchmark Sensex was down 0.39 per cent at 79,801.43 points.

 

The company said leverage position is at a comfortable level with net debt to Ebitda at 3.2 times in line with the guidance, The FY25 saw unprecedented transmission bidding activity of ₹1,61,540 crore, with AESL’s market share at 28 per cent. The near-term tendering pipeline was at ₹54,000 crore, the firm said.