Adani Energy Solutions shares gain 3% as Q3 revenue rises 15%

Adani Energy Solutions share price

• Adani Energy Solutions Q3 net profit fell 2 percent YoY to Rs 552.31 crore
• Revenue rose 15 percent YoY to Rs 6,729.65 crore; EBITDA up 20.7 percent YoY
• Shares gained over 3 percent after results; stock up 15 percent in past year

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The shares of Adani Energy Solutions gained more than 3 percent on January 22 after the company released its results for the October-December quarter of the ongoing financial year 2026.

The shares of the company closed at Rs 927.45 apiece on Thursday.

Adani Energy Solutions Q3 Results:

Adani Energy Solutions reported a consolidated net profit of Rs 552.31 crore for the October-December quarter of the ongoing financial year 2026. This marks a nearly 2 percent year-on-year (YoY) fall from the Rs 561.78 crore net profit reported in the same period last year.

Net profit however grew more than 3 percent sequentially from the Rs 533.97 crore reported in the previous quarter (Q2 FY26).

The firm’s revenue from operations meanwhile climbed 15 percent YoY to Rs 6,729.65 crore during the quarter under review.

The Adani Group company said that its EBITDA during the quarter also reached record high to Rs 2,210 crore, marking a 20.7 percent YoY growth, driven by robust growth in transmission and smart metering segment and steady performance in distribution segment. Cash profit meanwhile rose around 23 percent YoY to Rs 1,227 crore.

"With recent wins, the company’s aggregate transmission under construction pipeline stands at Rs 77,787 crore and smart metering orderbook of 2.46 crore meters with a  revenue potential of Rs 29,519 crore," it said. The company added that the near-term tendering pipeline in the transmission sector stands solid at approximately Rs 1 lakh crore. "Whereas the countrywide market opportunity in smart metering remains robust at 103 million meters," it further said.

"We are delighted to have delivered yet another strong quarter. Despite the challenges, our core strengths of strong onground execution, focused O&M and capital management have helped to drive consistent progress on the project development side. We have commissioned four transmission projects during the current financial year. The company reached an impressive mark of approximately 92.5 lakh meters —the highest in the country by any player at a benchmark daily installation rate," said Kandarp Patel, CEO of Adani Energy Solutions.

"Looking ahead, we believe the growth outlook across our business areas remains robust. We expect a substantial increase in our asset capitalisation program across all core segments and expect strong momentum in bidding activity in the short to medium term,” the CEO added.

Adani Energy Solutions share price:

Adani Energy Solutions shares have declined more than 8 percent over the past one month, but gained around 7 percent in the past six months. The stock surged 15 percent over the past one year.

It currently has a P/E ratio of nearly 45.

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