| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 6.7K | 2.0% | 15.4% |
| Total Income | 6.9K | 2.6% | 15.7% |
| Expenditure | 5.8K | 2.0% | 16.6% |
| PBT | 1.1K | 5.8% | 11.5% |
| Net Profit | 574.06 | 3.0% | 8.2% |
| OPM | 34.71% | 0.01pp | 41.88pp |
| NPM | 8.27% | 0.04pp | 9.89pp |
| EPS | 6.34 | 2.4% | 30.7% |
Adani Energy Solutions Delivers Strong Q3 and 9M FY26 Performance
22 Jan 2026 · 22 Jan, 3:33 pm
Summary
Adani Energy Solutions Limited (AESL) has announced its financial and operational performance for the quarter and nine months ended December 31, 2025. The company reported a robust growth in total income, EBITDA, and profit before tax in both Q3 FY26 and 9MFY26. AESL also commissioned four transmission projects and installed 92.5 lakh smart meters cumulatively.
Key Highlights
- 1
Total income grew 15.7% YoY to Rs 6,945 crore in Q3FY26
- 2
EBITDA reached a record high of Rs 2,210 crore, up 20.7% YoY in Q3FY26
- 3
Profit before tax rose 43.2% YoY to Rs 801 crore in Q3FY26
- 4
PAT stood at Rs 574 crore, down 8.2% YoY in Q3FY26
- 5
Adjusted PAT was up 30.4% YoY to Rs 574 crore in Q3FY26
- 6
Total income rose 16.2% YoY to Rs 20,737 crore in 9MFY26
- 7
EBITDA is up 15.9% YoY to Rs 6,354 crore in 9MFY26
- 8
Profit before tax stood at Rs 2,205 crore, up 37.3% YoY in 9MFY26
- 9
PAT at Rs 1,670 crore is down 2.5% due to past period one-time positive impact of deferred tax in 9MFY25
- 10
Adjusted PAT grew by 34.4% YoY to Rs 1,670 crore in 9MFY26
- 11
Capex execution increased by 1.24x to Rs 9,294 crore in 9MFY26
- 12
Company commissioned four transmission projects in 9MFY26
- 13
Installed 61.2 lakh new smart meters in 9MFY26, reaching a total of 92.5 lakh cumulatively
- 14
Aggregate transmission under construction pipeline stands at Rs 77,787 crore and smart metering orderbook of 2.46 crore meters
Management Comments
Kandarp Patel
CEO, Adani Energy Solutions
We are delighted to have delivered yet another strong quarter. Despite the challenges, our core strengths of strong on-ground execution, focused O&M and capital management have helped to drive consistent progress on the project development side. We have commissioned four transmission projects during the current financial year. The company reached an impressive mark of approximately 92.5 lakh meters —the highest in the country by any player at a benchmark daily installation rate. Looking ahead, we believe the growth outlook across our business areas remains robust. We expect a substantial increase in our asset capitalisation program across all core segments and expect strong momentum in bidding activity in the short to medium term.
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