Adani Energy Q2 Results: Cons profit falls 21% YoY to Rs 534 crore, revenue rises 7%

Adani Energy Solutions on Monday reported 21% decline in its consolidated net profit at Rs 534 crore for the quarter ended September 2025. The same stood at Rs 675 crore in the year-ago quarter. Revenue from operations in the same period increased 7% year-on-year (YoY) to Rs 6,596 crore.

On a sequential basis, revenue fell 3%, with transmission and distribution businesses contributing the bulk of turnover.

Segment revenue for the September quarter showed transmission at Rs 2,372 crore, distribution at Rs 3,118 crore, and smart meter revenue surging to Rs 182 crore.

Expenses for the quarter increased to Rs 5,688 crore, compared with Rs 5,694 crore in the year-ago period.

Operating profit before exceptional items, tax, and deferred assets came in at Rs 746 crore, compared with Rs 658 crore in the previous quarter and Rs 594 crore in the same period last year.

The Q2 revenue increase, according to the company, is more pronounced due to full contribution from the transmission assets and better energy demand growth recorded in distribution circles along with the rising contribution from smart metering business.The Adani Group company has been expanding its presence in smart metering, cross-country transmission, and distribution assets.The capex in first half has increased by 1.36x to Rs 5,976 crore, as against Rs 4,400 crore a year ago. During this period, the company commissioned three transmission projects – Khavda Phase II Part-A, Khavda Pooling Station – 1 (KPS-1) and Sangod transmission.

In smart meters business, it installed 42.4 lakh new meters this year, thereby reaching a total mark of 73.7 lakh installed meters. The company said it is on track to surpass 1 crore cumulative smart meters by the end of FY26.

Adani Energy said it anticipates significant increase in capex roll out during the rest of the year, while expecting momentum in bid activity during the rest of the year

With recent wins, the company’s aggregate transmission under construction pipeline stands at Rs 60,004 crore and smart metering orderbook of 2.46 crore meters with a revenue potential of Rs 29,519 crore.

“The near-term tendering pipeline in the transmission sector is solid at Rs 96,000 crore. Whereas the countrywide market opportunity in smart metering remains robust at 104 million meter,” the company said in a filing.

On Monday, Adani Energy shares closed marginally higher at Rs 945.05 on NSE.