Adani Energy Solutions Posts Strong H1 FY26 Results, PAT Rises 42% Year-on-Year
Mumbai, October 27 — Adani Energy Solutions Limited (AESL), part of the Adani Group, on Monday announced a robust financial performance for the first half of the fiscal year 2025–26 (H1 FY26). The company reported a 16% year-on-year (YoY) rise in total income to ₹13,793 crore, supported by stable operations, growing smart metering business, and higher capital expenditure-related income.
For the quarter ending September 2025 (Q2 FY26), AESL’s total income grew 6% YoY to ₹6,767 crore. The company attributed the performance to consistent execution across business segments, including transmission, distribution, and metering.
Profit Growth Accelerates with Strong Operational Efficiency
Adjusted profit after tax (PAT) for H1 FY26 jumped 42% YoY to ₹1,096 crore, primarily driven by double-digit EBITDA growth, flat depreciation, and only a marginal rise in interest expenses.
In Q2 FY26, adjusted PAT grew 21% YoY to ₹557 crore. However, the company noted that last year’s corresponding quarter (Q2 FY25) included a one-time deferred tax impact of ₹314 crore, which had temporarily inflated figures.
EBITDA for H1 FY26 surged 13% to ₹4,144 crore — a record high for the company. In Q2 FY26, EBITDA climbed 12% to ₹2,126 crore, driven by strong performance in transmission and distribution, coupled with rising contributions from the smart metering segment.
CEO Kandarp Patel: “Another Strong Quarter for AESL”
Commenting on the company’s performance, Kandarp Patel, CEO of Adani Energy Solutions, said, “We are pleased to report another strong quarter. The effective on-ground execution and focused O&M are enabling consistent progress on the project capex growth and taking us a step closer towards the completion of our locked-in projects across our business segments.”
Patel highlighted that AESL’s strong operational discipline and execution efficiency have positioned it as one of the leading energy infrastructure companies in India’s ongoing energy transition.
Operational Highlights: Transmission Expansion and Smart Metering Milestone
During the first half of FY26, AESL commissioned three new transmission lines, expanding its national power network and strengthening grid reliability. The company achieved an industry-leading daily installation rate for smart meters, crossing the 74-lakh mark — the highest in the country by any operator.
AESL’s operational performance remained robust, with average system availability exceeding 99.6% in the quarter. This high availability generated incentive income of ₹30 crore in Q2 FY26, underscoring the company’s superior operations and maintenance (O&M) practices.
Cash Profit and Capex Momentum
AESL reported a cash profit of ₹2,212 crore in H1 FY26, up 14% YoY, and ₹1,167 crore in Q2 FY26, also marking a 14% rise. The growth reflects efficient cash flow management, controlled expenditure, and steady revenue inflows from long-term regulated assets.
With recent project wins, AESL’s aggregate transmission pipeline under construction now stands at an impressive ₹60,004 crore. This includes several key inter-state and intra-state transmission projects designed to enhance power reliability across major Indian regions.
Energy Transition and Growth Outlook
Looking ahead, AESL remains optimistic about India’s energy infrastructure landscape. “In terms of growth outlook, the sector continues to offer significant opportunities due to focused energy transition backed by regulatory stability and reforms,” Patel said.
He added that the company expects a “significant increase in AESL’s capex roll-out across all core segments” and foresees strong momentum in bidding activity for new projects during the remainder of FY26.
The company’s long-term strategy aligns with India’s renewable energy and digital grid modernization goals. The rapid expansion of the smart metering division and continued transmission investments are expected to play a pivotal role in AESL’s growth trajectory.
A Consistent Performer in the Adani Group Portfolio
Adani Energy Solutions has emerged as a consistent performer within the Adani Group, leveraging operational efficiency, technology-driven execution, and regulatory clarity to deliver steady returns.
The company’s diversified presence across the transmission, distribution, and smart metering segments positions it well to capitalize on India’s growing power infrastructure demand. With system reliability above 99.6% and record-breaking project commissioning, AESL continues to demonstrate its commitment to operational excellence and national grid stability.
Final Thoughts from The Trending People
Adani Energy Solutions’ strong H1 FY26 results underscore the company’s ability to deliver sustained growth amid India’s accelerating energy transformation. With steady expansion in smart metering, robust project execution, and a healthy order pipeline, AESL appears well-positioned for the next phase of infrastructure-led growth. The focus on technological innovation and operational reliability reinforces its role as a key player in India’s power and transmission sector.