Adani Energy Solutions soars 5%, hits over 3-year high; here's why

In the past six months, Adani Energy Solutions stock zoomed 61 per cent as against a 13.3 per cent dip in the BSE Sensex.

Adani Energy Solutions share price

Share price of Adani Energy Solutions (AESL) hit an over three-year high of ₹1,591, surging 5 per cent on the BSE in Friday’s intra-day trade in an otherwise subdued market. In comparison, the BSE Sensex was down 0.40 per cent at 01:37 PM. 

In the past three weeks, the stock price of Adani Group’s power distribution company soared 22 per cent. Further, in the past six months, it zoomed 61 per cent, while the BSE Sensex plunged 13.3 per cent during the period.

Why has Adani Energy Solutions outperformed market?

AESL’s strong execution underpinned performance, marked by commissioning of the first Mumbai’s advanced voltage-source converter (VSC) based High-Voltage Direct Current (HVDC) project - world’s first compact HVDC. AESL also became the first player in India to successfully install 10 million smart meters, redefining the pace of digital transformation in power distribution. 

For the financial year 2025-26 (FY26), AESL’s total income grew a strong 15.9 per cent year-on-year (YoY) to an all-time high of ₹28,325 crore, driven by improved operating performance and higher Service Concession Arrangement (SCA) income, reflecting higher capex execution. 

Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 12.7 per cent YoY to a record ₹8,726 crore, supported by strong growth in the transmission and smart metering segments and steady performance in the distribution business.  

The company’s profit after tax (PAT) increased by 160 per cent YoY to ₹2,393 crore in FY26 from ₹922 crore that includes one-time income adjustment including the carve-out of the Dahanu power plant in FY25.  For like-for-like comparison, adjusted PAT surged 32 per cent YoY to ₹2,393 crore, aided by double-digit EBITDA growth and flat depreciation during the year, AESL said.  READ | Indian Bank, Phoenix Mills among stocks to buy post RBI Policy: Teji Mandi

Adani Energy Solutions Stock – Outlook

AESL, part of the Adani Group, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. 

Looking ahead, the management said, the growth outlook across AESL’s businesses remains robust, supported by an expanding asset base across segments, a strong HVDC project pipeline, and sustained execution momentum in project development & deployment. 

The energy transition continues to create a strong structural opportunity for AESL, supported by regulatory stability in India, rising electricity demand, and the broader shift towards grid modernisation and cleaner energy systems. The company remains well placed to benefit from the expected acceleration in capital expenditure across the power value chain, with a robust bid pipeline and long-term demand visibility across transmission and smart metering. 

The company’s transmission business continues to be backed by an ₹1.5 trillion near-term tendering opportunity. The company’s under-construction transmission pipeline of ₹71,779 crore provides strong execution visibility, with projects such as WRSR, Khavda Phase-III-A, two HVDC projects, and various other projects supports the Company’s growth momentum, AESL said in its FY26 annual report. 

The smart metering business continues to represent a significant growth opportunity, given the estimated countrywide untapped market of more than 100 million meters. The company surpassed 10 million cumulative meter installations during FY 2025-26, supported by an active installation pace and a high-quality orderbook of 24.6 million meters with potential revenue of ₹29,519 crore. This provides strong revenue visibility and supports the company’s position as a major player in India’s smart metering transformation, it added.