Moneycontrol PRO
HomeNewsBusinessEarningsAdani Energy Solutions Q2 profit grows 46% to Rs 284 crore

Adani Energy Solutions Q2 profit grows 46% to Rs 284 crore

The electric power distribution company reported a growth in revenue by 11 percent YoY to Rs 3766.46 crore in Q2FY24.

November 06, 2023 / 17:11 IST
Adani Energy Solutions' revenue from its transmission business grew 17 percent YoY to Rs 1,017.35 crore in Q2
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Adani Energy Solutions reported on November 6 a 46 percent year-on-year (YoY) growth in consolidated net profit to Rs 284.09 crore in Q2FY24.

    The electric power distribution company, earlier known as Adani Transmission, reported a growth in revenue by 15 percent YoY to Rs 3,497 crore in Q2FY24.

    Earnings Before Interest Tax Depreciation and Amortisation grew six percent YoY to Rs 1,443 crore in the July-September quarter.

    The company has a consolidated net debt of Rs 290 billion as of September 30.

    Revenue for the company from its transmission business grew 17 percent YoY to Rs 1,017.35 crore in Q2FY24. The company's revenue from Generation, Transmission, and Distribution business increased 14 percent YoY to Rs 2,479.65 crore in the same period.

    Adani Energy Solutions is the country’s largest private transmission company, with presence across 14 states. Adani Energy Solutions recently announced the successful commissioning of the Karur Transmission Ltd (KTL) project in Tamil Nadu. In Q2, the company added 219 ckm to the operational network in Q2 with total network currently at 19,862 ckm.

    Moneycontrol News
    first published: Nov 6, 2023 04:35 pm

    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!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347