| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 7.4K | 10.6% | 16.8% |
| Total Income | 7.6K | 9.3% | 15.0% |
| Expenditure | 6.8K | 16.5% | 24.9% |
| PBT | 827.75 | 27.5% | 30.1% |
| Net Profit | 722.65 | 25.9% | 5.3% |
| OPM | 28.82% | 5.89pp | 6.49pp |
| NPM | 9.52% | 1.25pp | 0.89pp |
| EPS | 5.27 | 16.9% | 19.8% |
AESL FY26 EBITDA Up 13% YoY to ₹8,726 Cr
23 Apr 2026 · 23 Apr, 5:02 pm
Summary
Adani Energy Solutions Limited (AESL) announced a strong financial and operational performance for FY26, with total income reaching an all-time high of ₹28,325 crore, representing a 15.9% year-on-year growth. The company also achieved its highest ever Annual EBITDA of ₹8,726 crore, up 12.7% year-on-year, and an adjusted Profit After Tax (PAT) of ₹2,393 crore, marking a 32% surge. For Q4 FY26, total income increased by 15.0% to ₹7,588 crore, while EBITDA grew by 4.9% to ₹2,372 crore. CEO Kandarp Patel highlighted robust performance driven by consistent operational execution, disciplined capital management, and significant project milestones like the commissioning of the Mumbai HVDC project and crossing 1 crore smart meter deployments, underscoring a strong growth outlook.
Key Highlights
- 1
Adani Energy Solutions Limited (AESL) reported an all-time high total income for FY26, growing by a strong 15.9% year-on-year to ₹28,325 crore.
- 2
The company achieved its highest ever Annual EBITDA of ₹8,726 crore in FY26, reflecting a 12.7% increase year-on-year.
- 3
Adjusted Profit After Tax (PAT) for FY26 surged by 32% year-on-year to ₹2,393 crore, aided by double-digit EBITDA growth.
- 4
Capital expenditure for FY26 increased significantly by 1.24x to ₹14,232 crore, demonstrating accelerated project execution.
- 5
In Q4 FY26, total income rose 15.0% year-on-year to ₹7,588 crore, with EBITDA increasing by 4.9% year-on-year to ₹2,372 crore.
- 6
AESL's aggregate transmission under construction pipeline stands robust at ₹71,779 crore, complemented by a smart meter order book of 2.46 crore meters with a revenue potential of ₹29,519 crore.
- 7
The company made significant strides in project execution, including commissioning the first Mumbai HVDC project and becoming the first player in India to successfully install 1 crore smart meters.
Management Comments
Kandarp Patel
We are pleased to have delivered robust performance in FY26, underpinned by consistent operational execution and disciplined capital management. In Q4 FY26, the company commissioned five transmission projects, including the Mumbai HVDC project, making us the only private sector player in India to have successfully executed two HVDC projects, a testament to our deep technical capabilities and on-ground execution strengths. During the year, we also crossed the landmark deployment of 1 crore smart meters, reinforcing our leadership in large-scale infrastructure implementation and setting benchmarks for the industry. Looking ahead, the growth outlook across our businesses remains robust, supported by an expanding asset base across segments, a strong HVDC project pipeline, and sustained execution momentum in project development & deployment.
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