$ADANIENSOL

Adani Energy Solutions Ltd (AESL) on Tuesday reported a strong set of earnings for the June quarter of FY27, with consolidated net profit more than doubling on the back of robust revenue growth and a favourable shift in regulatory deferral income. The company posted a consolidated net profit of Rs 1,149 crore for the April–June quarter, marking a 124 percent year-on-year increase from Rs 513 crore in the corresponding period last year. Revenue from operations rose 42.4 percent year-on-year to Rs 9,711 crore, compared with Rs 6,819 crore a year earlier. EBITDA grew 30 percent to Rs 3,008 crore from Rs 2,314.5 crore, although the EBITDA margin narrowed to 31 percent from 33.9 percent in the year-ago quarter. The company's earnings also benefited from a significant improvement in regulatory deferral income. It reported regulatory deferral income of Rs 29 crore during the quarter, compared with a regulatory deferral expense of Rs 504 crore in the same period last year. On a standalone basis, however, performance was mixed. Revenue increased 11.3 percent to Rs 918.6 crore, while profit after tax declined 69 percent to Rs 49.1 crore during the quarter. Among business segments, the transmission business delivered the strongest growth, with revenue rising 52.4 percent to Rs 3,335.3 crore. Revenue from the distribution business increased 5 percent to Rs 3,520.4 crore. The company's smart metering business continued its rapid expansion, with revenue surging more than 200 percent to Rs 346.9 crore. Meanwhile, revenue from the energy solutions platform jumped more than nine-fold to Rs 1,906.8 crore in the quarter ended June 30, highlighting strong momentum across its newer growth businesses.