Adani Energy Solutions : Q2 PAT More Than Doubles YoY

DHARMESH BHATT (Research Analyst) SEBI Registration No. INH000009685 Adani Energy Solutions Limited (AESL) reported strong financial and operational momentum for the second quarter and half year ended September 30, 2026 (Q2 FY27). Driven by solid performance across transmission, distribution, smart metering, and its energy solutions platform, the company achieved record financial growth. ---Key Financial Highlights --- *Q2 FY27)Profit After Tax (PAT): Surged 145% YoY to ₹1,364 crore compared to ₹557 crore in Q2 FY26. *EBITDA: Rose 67% YoY to an all- time quarter high of ₹3,548 crore. H1 FY27 EBITDA reached a record ₹6,726 crore (+62% YoY). * Total Income : Grew 51% YoY to a record ₹10,239 crore, supported by higher operational performance, ongoing smart meter deployment, and increased capex execution. * Operational Revenue: Stood at ₹7,167 crore, up 51% YoY. --- Key Growth Drivers & Operational Highlights --- *Expanding Transmission & Project Pipeline:Won two new transmission projects in Q2 FY27: Vizag Power Transmission Ltd. and Satara Power Transmission Ltd.. Aggregate under-construction transmission pipeline stands at ~₹87,000 crore (15 projects). Maintained average transmission system availability at 99.8%, earning ₹61 crore in incentive income during H1 FY27. Near-term transmission tendering pipeline remains robust at ₹1.4 lakh crore. *Purchase Agreement (PPA) with MSEDCL for 2,500 MW round-the-clock (RTC) power. Energy Solutions Platform segment contributed ₹810 crore in EBITDA during Q2 FY27. * Smart Metering Expansion:Scaled cumulative smart meter installations to 14.8 million. Active order book stands at 24.6 million meters with a total revenue potential of ₹29,519 crore. Disclosure /Disclaimer Link: *****