New Delhi, April 23, 2026: Adani Energy Solutions Limited (AESL) on Thursday reported a 32 per cent year-on-year rise in adjusted net profit to Rs 2,393 crore for FY 2025–26, driven by strong operational performance and stable depreciation.
The company’s EBITDA grew 12.7 per cent YoY to a record Rs 8,726 crore, supported by robust growth in transmission and smart metering segments, along with steady performance in its distribution business.
Total income rose 15.9 per cent to an all-time high of Rs 28,325 crore during the fiscal, aided by improved operations and higher Service Concession Arrangement (SCA) income, reflecting increased capital expenditure execution.
“We are pleased to have delivered robust performance in FY26, underpinned by consistent operational execution and disciplined capital management,” said Kandarp Patel, CEO of AESL.
He added that the company commissioned five transmission projects in Q4 FY26, including the Mumbai HVDC project, making it the only private sector player in India to have executed two high-voltage direct current (HVDC) projects.
During the year, AESL also crossed the milestone of deploying 1 crore smart meters, reinforcing its leadership in large-scale infrastructure implementation.
For the fourth quarter, total income increased 15 per cent YoY to Rs 7,588 crore, while EBITDA rose 4.9 per cent to Rs 2,372 crore. Profit after tax (PAT) stood at Rs 723 crore, compared to Rs 714 crore in the year-ago period, with adjusted PAT rising 27.7 per cent.
The company’s capital expenditure rose to Rs 14,232 crore in FY26, up from Rs 11,444 crore in FY25. Its transmission pipeline under construction stands at Rs 71,779 crore, while the smart meter order book remains at 2.46 crore meters, with a revenue potential of Rs 29,519 crore.
Looking ahead, Patel said the growth outlook remains strong, supported by an expanding asset base, a robust HVDC pipeline and sustained execution momentum.
AESL also received a BBB+ (Stable) long-term foreign currency rating from the Japan Credit Rating Agency, aligned with India’s sovereign rating, reflecting its strong credit profile.
