Adani Energy Solutions (ADANIENSOL) – Latest Fundamental

Adani Energy Solutions (AESL) has started FY27 strongly. Q1 FY27 total income increased 40% YoY to ₹9,852 crore, while EBITDA rose 58% to ₹3,178 crore and PAT jumped 130% to ₹1,237 crore. The improvement was supported by newly commissioned transmission projects, smart-meter rollout and the Energy Solutions Platform. The biggest positive is the large transmission pipeline. Projects under construction are worth around ₹71,779 crore, while the near-term transmission tendering pipeline is approximately ₹1.1 lakh crore. This provides strong medium-term revenue visibility. The company has also installed 13.44 million smart meters cumulatively, and its smart-meter order book stands at 24.6 million meters, representing about ₹29,519 crore of revenue potential. Another major catalyst is the proposed IntelliSmart acquisition, which could take AESL's smart-meter portfolio to 47+ million meters and strengthen its position in India's rapidly expanding smart-metering market.