Adani Energy Solutions on Thursday reported a 73 percent rise in the consolidated net profit to Rs 561.8 crore for the third quarter ended on December 31, 2024 on the back of higher revenues. The company had earned a net profit of Rs 324.90 crore in the October-December quarter of the previous year.
The total income of the company increased to Rs 6,000.39 crore in the third quarter of the current fiscal from Rs 4824.42 crore in the year-ago period, Adani Energy Solutions said in a regulatory filing.
The revenue from operations of Adani Energy Solutions rose 27.78 percent to Rs 5830.26 crore from Rs 4562.73 crore in the same period last fiscal.
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was up 39.2 percent at Rs 2,215.7 crore as against 1,527.2 crore in the same quarter of FY24. The margin stood at 36.5 percent in third quarter of the current fiscal against 33.5 percent of the previous fiscal.
With five new project wins so far this year, the under-construction project pipeline has zoomed to Rs 54,761 crore in Q3FY25 from Rs 17,000 crore at the start of the year, the company said in a statement.
"The smart meter deployment is progressing well with the current average run-rate of 15,000 meters per day expected to reach an average of 20,000 meters per day by the next quarter," it said adding "the robust power demand trends, Q3 energy demand (units sold) in Mumbai circle (AEML), ended 3% higher YoY and increased by 30% YoY at Mundra Utility (MUL)"
Shares of the company were trading 0.77 percent higher at Rs 808.95 per share on the NSE at around 3.20 PM.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.