Thanks to solid operational performance and consistent depreciation, Adani Energy Solutions Limited (AESL) announced on Thursday a 32% year-on-year increase in adjusted net profit to Rs 2,393 crore for FY 2025-26.
The distribution sector continued to perform steadily, while the transmission and smart metering divisions saw strong growth, contributing to the company’s 12.7% year-on-year increase in EBITDA to a record Rs 8,726 crore.
Improved operations and higher Service Concession Arrangement (SCA) income, reflecting increased capital expenditure execution, helped boost total income to an all-time high of Rs 28,325 crore, a 15.9 percent rise from the previous fiscal.
The CEO of AESL, Kandarp Patel, expressed his satisfaction with the company’s strong performance in FY26, which was achieved by rigorous capital management and constant operational execution.
He went on to say that in the last quarter of FY26, the company commissioned five transmission projects, one of which was the Mumbai HVDC project. This made them the only private sector operator in India to have completed two HVDC projects.
Also that year, AESL further solidified its position as the industry leader in large-scale infrastructure deployment by deploying more than 1 crore smart meters.
Total income for the fourth quarter was Rs 7,588 crore, an increase of 15% year-on-year, while EBITDA was Rs 2,372 crore, an increase of 4.9%. Adjusted profit after tax (PAT) increased 27.7 percent to Rs 723 crore, up from Rs 714 crore in the same period last year.
From Rs 11,444 crore in FY25 to Rs 14,232 crore in FY26, the company’s capital expenditure increased. It has a transmission pipeline worth 71,779 crore rupees and 2.46 crore smart meters on order, which may bring in 29,519 crore rupees.
With an increasing asset base, a solid HVDC pipeline, and consistent execution momentum, Patel stated that the growth forecast is strong going forward.
Consistent with India’s sovereign rating and reflecting its excellent credit profile, AESL was also given a long-term foreign currency rating of BBB+ (Stable) by the Japan Credit Rating Agency.
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