Adani Energy Solutions Share Price in Focus After Q1 Results Show Net Profit of ₹538 Crore

Market Performance

Adani Energy Solutions' Q1 results have drawn attention as the company posted a strong recovery in profitability, impacting its share price movement.

The net profit stood at ₹538 crore for the quarter ending June 2025. This is a significant improvement compared to a net loss of ₹1,190.66 crore in the same quarter last year.

Sequentially, the net profit dropped by 30% from ₹713.66 crore reported in the March quarter.

Revenue

• Revenue from operations: ₹6,819.28 crore
• YoY Growth: 27%
• Previous Year Revenue: ₹5,378.55 crore

The revenue growth was led by a robust performance in transmission and distribution (T&D), along with increased contributions from the smart meter and EPC businesses.

EBITDA

• EBITDA: ₹2,017 crore
• YoY Growth: 14.47%
• Previous Year EBITDA: ₹1,762 crore

The rise in EBITDA was supported by gains in T&D and higher income from smart meter installations.

EBITDA Margins

• Current EBITDA Margin: 29.6%
• Previous Year Margin: 32%

Margins came under pressure due to specific factors in the Mumbai distribution business, including higher depreciation linked to the Dahanu carve-out and lower capitalization despite a capex of ₹341 crore.

Net Profit

• Q1 FY26 Net Profit: ₹538 crore
• Q1 FY25 Net Loss: ₹1,190.66 crore
• Sequential Comparison (QoQ): Down 30% from ₹713.66 crore

The absence of exceptional losses this quarter helped the company swing back into profitability.

Company Details

Adani Energy Solutions maintained a flat operational EBITDA in its Mumbai distribution business due to increased depreciation. However, the smart meter segment continued to contribute positively.

The transmission segment's EBITDA also remained flat, but the company noted that it maintained an industry-leading operating EBITDA margin of 92% in this category.

Project Pipeline and Operations

• New Project Secured: WRNES Talegaon transmission line
• Under-construction Order Book: ₹59,304 crore

Commissioned Projects in Q1 FY26

1. Khavda Phase II Part-A
2. Khavda Pooling Station-1 (KPS-1)
3. Sangod Transmission Line

These additions reflect the company’s growing footprint in the power infrastructure sector.

Smart Meter Expansion

• New Smart Meters Installed in Q1: 24 lakh
• Total Smart Meters to Date: 55.4 lakh
• Daily Installation Rate: 25,000 to 27,000 units

The company has set an ambitious goal of reaching 1 crore smart meter installations by the end of FY26. An additional 70 lakh meters are targeted for deployment within the current fiscal year.

Transmission Sector Pipeline

• Tendering Pipeline: ₹90,000 crore (approx.)

This indicates a healthy demand environment for future expansion in the transmission segment.

Summary of the Article

Adani Energy Solutions share price could remain in focus following its Q1 FY26 results, showcasing a significant turnaround with a net profit of ₹538 crore against a loss last year. While EBITDA grew 14.47% YoY, margins saw a contraction. The company continues to strengthen its position in the transmission and smart meter segments with new projects, installations, and a robust order pipeline worth ₹59,304 crore.