Shares of Adani Energy Solutions were trading at Rs 830 in Friday's session, a 2% increase from the previous close. The stock is a constituent of the Nifty Next 50 index.
Financial Highlights:
Adani Energy Solutions has demonstrated significant financial activity. Here’s a summary of their performance:
Consolidated Financial Performance (Quarterly):
| Particulars | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 5,378.55 Crore | Rs 6,183.70 Crore | Rs 5,830.26 Crore | Rs 6,374.58 Crore | Rs 6,819.28 Crore |
| Net Profit | -Rs 1,190.66 Crore | Rs 773.39 Crore | Rs 625.30 Crore | Rs 713.66 Crore | Rs 538.94 Crore |
| EPS | -Rs 7.39 | Rs 6.09 | Rs 4.85 | Rs 5.50 | Rs 4.27 |
The company's revenue has shown a consistent increase over the quarters, with revenue for the quarter ending June 2025 at Rs 6,819.28 crore, compared to Rs 5,378.55 crore in June 2024. Net profit has fluctuated, with a significant loss in June 2024, but positive figures in subsequent quarters.
Consolidated Financial Performance (Yearly):
| Particulars | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 9,926.33 Crore | Rs 11,257.52 Crore | Rs 13,292.72 Crore | Rs 16,607.36 Crore | Rs 23,767.09 Crore |
| Net Profit | Rs 1,289.57 Crore | Rs 1,235.75 Crore | Rs 1,280.60 Crore | Rs 1,195.61 Crore | Rs 921.69 Crore |
| EPS | Rs 9.02 | Rs 8.90 | Rs 11.10 | Rs 10.20 | Rs 9.05 |
| BVPS | Rs 65.40 | Rs 72.29 | Rs 114.39 | Rs 122.84 | Rs 183.71 |
| ROE | 20.10% | 17.56% | 10.77% | 8.99% | 4.80% |
| Debt to Equity | 4.23 | 4.35 | 2.93 | 2.93 | 1.82 |
The annual revenue has grown consistently from Rs 9,926.33 crore in 2021 to Rs 23,767.09 crore in 2025. However, the net profit has seen a slight decrease from Rs 1,289.57 crore in 2021 to Rs 921.69 crore in 2025.
Annual Income Statement:
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Sales | Rs 23,767 Crore | Rs 16,607 Crore | Rs 13,292 Crore | Rs 11,257 Crore | Rs 9,926 Crore |
| Other Income | Rs 679 Crore | Rs 610 Crore | Rs 547 Crore | Rs 603 Crore | Rs 532 Crore |
| Total Income | Rs 24,446 Crore | Rs 17,218 Crore | Rs 13,840 Crore | Rs 11,861 Crore | Rs 10,458 Crore |
| Total Expenditure | Rs 20,112 Crore | Rs 12,672 Crore | Rs 9,347 Crore | Rs 7,796 Crore | Rs 6,722 Crore |
| EBIT | Rs 4,359 Crore | Rs 4,542 Crore | Rs 4,497 Crore | Rs 4,036 Crore | Rs 3,736 Crore |
| Interest | Rs 3,259 Crore | Rs 2,766 Crore | Rs 2,781 Crore | Rs 2,364 Crore | Rs 2,116 Crore |
| Tax | Rs 178 Crore | Rs 580 Crore | Rs 435 Crore | Rs 436 Crore | Rs 330 Crore |
| Net Profit | Rs 921 Crore | Rs 1,195 Crore | Rs 1,280 Crore | Rs 1,235 Crore | Rs 1,289 Crore |
The sales increased by approximately 43.11 percent in 2025 compared to 2024. Other income also saw an increase, contributing to a rise in total income. However, total expenditure also increased significantly. Interest payments increased. Tax expenses decreased in 2025, contributing to a decreased net profit compared to the previous years.
Quarterly Income Statement:
| Particulars | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|
| Sales | Rs 6,819 Crore | Rs 6,374 Crore | Rs 5,830 Crore | Rs 6,183 Crore | Rs 5,378 Crore |
| Other Income | Rs 206 Crore | Rs 221 Crore | Rs 170 Crore | Rs 176 Crore | Rs 111 Crore |
| Total Income | Rs 7,025 Crore | Rs 6,596 Crore | Rs 6,000 Crore | Rs 6,359 Crore | Rs 5,489 Crore |
| Total Expenditure | Rs 5,473 Crore | Rs 4,796 Crore | Rs 4,631 Crore | Rs 4,952 Crore | Rs 5,731 Crore |
| EBIT | Rs 1,550 Crore | Rs 1,827 Crore | Rs 1,368 Crore | Rs 1,407 Crore | -Rs 243 Crore |
| Interest | Rs 894 Crore | Rs 826 Crore | Rs 809 Crore | Rs 812 Crore | Rs 810 Crore |
| Tax | Rs 117 Crore | Rs 287 Crore | -Rs 66 Crore | -Rs 178 Crore | Rs 136 Crore |
| Net Profit | Rs 538 Crore | Rs 713 Crore | Rs 625 Crore | Rs 773 Crore | -Rs 1,190 Crore |
Compared to the quarter ending June 2024 (Rs 5,378 Crore), the company's sales for the quarter ending June 2025 stood at Rs 6,819 crore. The EBIT and Net profit for June 2024 were negative, but from September 2024 onwards, the EBIT and Net profit improved and remained positive in the following quarters.
Cash Flow:
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Operating Activities | Rs 8,695 Crore | Rs 6,037 Crore | Rs 3,776 Crore | Rs 4,096 Crore | Rs 3,784 Crore |
| Investing Activities | -Rs 15,227 Crore | -Rs 4,943 Crore | -Rs 4,698 Crore | -Rs 3,948 Crore | -Rs 4,025 Crore |
| Financing Activities | Rs 7,975 Crore | -Rs 543 Crore | Rs 923 Crore | -Rs 234 Crore | -Rs 744 Crore |
| Others | Rs 5 Crore | Rs 0 Crore | Rs 0 Crore | Rs 11 Crore | Rs 16 Crore |
| Net Cash Flow | Rs 1,448 Crore | Rs 551 Crore | Rs 1 Crore | -Rs 74 Crore | -Rs 969 Crore |
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Share Capital | Rs 1,201 Crore | Rs 1,115 Crore | Rs 1,115 Crore | Rs 1,099 Crore | Rs 1,099 Crore |
| Reserves & Surplus | Rs 20,866 Crore | Rs 11,526 Crore | Rs 10,546 Crore | Rs 5,757 Crore | Rs 4,989 Crore |
| Current Liabilities | Rs 10,016 Crore | Rs 8,016 Crore | Rs 7,017 Crore | Rs 5,928 Crore | Rs 6,688 Crore |
| Other Liabilities | Rs 41,875 Crore | Rs 37,920 Crore | Rs 35,252 Crore | Rs 34,678 Crore | Rs 30,455 Crore |
| Total Liabilities | Rs 73,960 Crore | Rs 58,578 Crore | Rs 53,931 Crore | Rs 47,464 Crore | Rs 43,233 Crore |
| Fixed Assets | Rs 44,658 Crore | Rs 41,324 Crore | Rs 38,247 Crore | Rs 34,733 Crore | Rs 31,648 Crore |
| Current Assets | Rs 16,674 Crore | Rs 9,618 Crore | Rs 8,906 Crore | Rs 5,642 Crore | Rs 4,999 Crore |
| Other Assets | Rs 12,627 Crore | Rs 7,636 Crore | Rs 6,777 Crore | Rs 7,087 Crore | Rs 6,585 Crore |
| Total Assets | Rs 73,960 Crore | Rs 58,578 Crore | Rs 53,931 Crore | Rs 47,464 Crore | Rs 43,233 Crore |
| Contingent Liabilities | Rs 14,107 Crore | Rs 9,221 Crore | Rs 7,890 Crore | Rs 3,717 Crore | Rs 4,355 Crore |
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 9.05 | 10.20 | 11.10 | 8.90 | 9.02 |
| Diluted Eps (Rs.) | 9.05 | 10.20 | 11.10 | 5.06 | 9.02 |
| Book Value [Excl. Reval Reserve]/Share (Rs.) | 183.71 | 122.84 | 114.39 | 72.29 | 65.40 |
| Dividend/Share (Rs.) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Face Value | 10 | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | 38.23 | 40.83 | 38.10 | 42.72 | 45.16 |
| Operating Margin (%) | 30.21 | 30.14 | 26.01 | 30.05 | 31.77 |
| Net Profit Margin (%) | 3.87 | 7.19 | 9.63 | 10.97 | 12.99 |
| Return on Networth / Equity (%) | 4.80 | 8.99 | 10.77 | 17.56 | 20.10 |
| ROCE (%) | 11.22 | 9.90 | 7.37 | 8.14 | 8.63 |
| Return On Assets (%) | 1.43 | 1.94 | 2.32 | 2.53 | 2.83 |
| Current Ratio (X) | 1.66 | 1.20 | 1.27 | 0.95 | 0.75 |
| Quick Ratio (X) | 1.60 | 1.17 | 1.25 | 0.91 | 0.71 |
| Debt to Equity (x) | 1.82 | 2.93 | 2.93 | 4.35 | 4.23 |
| Interest Coverage Ratios (X) | 2.79 | 2.45 | 1.82 | 2.03 | 1.49 |
| Asset Turnover Ratio (%) | 0.36 | 0.30 | 0.26 | 0.03 | 22.95 |
| Inventory Turnover Ratio (X) | 0.00 | 0.00 | 0.00 | 0.00 | 42.47 |
| 3 Yr CAGR Sales (%) | 45.30 | 29.35 | 7.91 | 24.14 | 58.64 |
| 3 Yr CAGR Net Profit (%) | -13.64 | -3.71 | 34.63 | 48.66 | 6.22 |
| P/E (x) | 96.35 | 100.66 | 89.46 | 266.08 | 100.71 |
| P/B (x) | 4.74 | 9.05 | 9.54 | 38.05 | 16.41 |
| EV/EBITDA (x) | 15.65 | 22.16 | 28.61 | 60.36 | 27.99 |
| P/S (x) | 4.40 | 6.89 | 8.37 | 23.18 | 10.06 |
Adani Energy Solutions has made several announcements under Regulation 30 (LODR), including analyst/investor meet intimations and press releases. Key highlights include:
- Intimation of Interaction with Investors (September 9, 2025).
- Media release on Adani Electricity Mumbai Limited (AEML) concluding USD 44.661 Million Open Market Repurchase of its Senior Secured Notes (September 2, 2025).
- Intimation for Interaction with Investors (September 2, 2025).
With the stock's last traded price at Rs 830, Adani Energy Solutions shows a positive movement of 2% in today's session.
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