Adani Energy Solutions saw a 73% jump in net profit in Q3FY25 at Rs 561.78 crore as compared to Rs 324.90 crore in Q3FY24.
The company said profit rose due to a strong EBITDA growth and was boosted by the reversal of net deferred tax liability of Rs 185 crore mainly due to divestment in Dahanu Plant in AEML. Adani Energy’s EBITDA went up 39.2% to Rs 2125 crore in Q3Fy25 as compared to Rs 1527 crore in Q3Fy24.
The company’s revenues went up 28% to Rs 5830.26 crore in Q3FY25 as compared to Rs 4562.73 crore in Q3FY24.
The company’s financial costs went up 6% to Rs 809.12 crore in Q3FY25 as compared to Rs 760.04 crore in Q3FY24. The depreciation and amortisation went up to Re 462.38 crore in Q3FY25 as compared to Rs 457.64 crore in Q3FY24.
The company secured two new transmission projects – Khavda Phase IV Part-D and Rajasthan Phase III Part I (Bhadla – Fatehpur HVDC), thereby adding 3,044 ckm to under construction network. The company has fully commissioned MP package – II transmission line during the quarter and is on track to fully commission Sangod, Khavda Phase-II Part-A, KPS–1 lines in FY25.
With five new project wins so far this year, the under-construction transmission pipeline has risen to ~Rs 54,761 crore in Q3FY25 from Rs 17,000 crore. The capex as of 9MFY25 has increased to Rs 7,475 crore, as against Rs 3,784 crore in 9MFY24, the company said.
” 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.,” said Kandarp Patel, CEO, Adani Energy Solutions.
The key highlight of this quarter is the new project wins in AESL, which not only helps in gaining market share but also strengthens AESL’s pole position as the largest private transmission player in the country, Patel said.
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, he said.
“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,
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