Adani Energy Solutions Ltd on Thursday posted profit at Rs 561.78 crore for the third quarter of the current financial year, recording a surge of 72.91 per cent in comparison to Rs 324.90 crore during the third quarter of FY24. The profit growth was translated from a strong EBITDA growth and boosted by reversal of net deferred tax liability of Rs 185 crore mainly due to divestment of Dahanu plant in AEML, the Mumbai distribution business. It posted revenue from operations at Rs 5830.26 crore, up 27.78 per cent as against Rs 4562.73 crore reported during the corresponding quarter of previous fiscal year. The company EBITDA stood at Rs 2215.7 crore, up 39.2 per cent YoY.
Kandarp Patel, CEO, Adani Energy Solutions, said, “Continuing the growth momentum, AESL reported another strong quarter on both operating and financial metrics. The company stays focused on timely project commissioning as well as achieving operating efficiencies.” He further added that the key highlight of the quarter was ths new project wins. “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 Rs 54,761 crore in transmission and ~Rs 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,” he said.
Segment-wise performance
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Transmission business: The segment recorded incentive income of Rs 33 crore in Q3FY25. During 9MFY25, the company earned an incentive income of Rs 97 crore highlighting its operational excellence in operating and maintaining the transmission infrastructure. During the quarter, the company won two new transmission projects: Khavda Phase IV Part-D with a project cost of Rs 3,455 crore and Rajasthan Phase III Part-I (Bhadla – Fatehpur HVDC) with a preliminary project cost of around Rs 25,000 crore, thereby adding 3,044 ckm to under construction network.
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