Adani Energy Posts 5.7% Year-Over-Year Increase in Net Profit to ₹684 Crore, Revenue Grows 16.8%

Adani Energy Solutions Reports Mixed Q4FY26 Performance

Adani Group firm Adani Energy Solutions has reported a mixed performance for the January–March quarter (Q4FY26), with growth in revenue and profit but pressure on operating margins. The company's consolidated net profit rose 5.7% year-over-year (YoY) to ₹684 crore, compared with ₹647 crore in the year-ago period.

Key financial highlights from the quarter include a 16.8% YoY increase in revenue from operations to ₹7,443 crore from ₹6,375 crore, while total income rose 15% to ₹7,588 crore. Adjusted profit after tax (PAT) grew 27.7% YoY to ₹723 crore, up from ₹566 crore in Q4FY25, supported by higher EBITDA and excluding a one-time deferred tax impact of ₹148 crore in the base quarter.

However, operating performance remained under pressure, with EBITDA declining 4.7% YoY to ₹2,145 crore from ₹2,251 crore, and EBITDA margin contracting sharply to 28.8% from 35.3% in the same period last year.

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Financial Performance Comparison

The company's growth continues to be driven by its diversified business model. The Transmission segment reported annual revenue of ₹9,823.88 crore, while the Distribution business contributed ₹12,450.02 crore. The Smart Meter segment, an emerging focus area, added ₹828.25 crore to total turnover.

FY26 Highlights

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For the full financial year FY26, the company reported its highest-ever EBITDA of ₹8,726 crore, up 13% YoY. Net profit rose 32% to ₹2,393 crore, while total income increased 15.9% YoY to a record ₹28,325 crore. Operational EBITDA for FY26 stood at ₹7,407 crore, up 12.7% YoY, supported by growth in transmission and smart metering, along with stable performance across distribution, EPC and other segments.

Revenue growth was aided by steady operations and higher Service Concession Arrangement (SCA) income. Operational revenue rose 7.3% YoY to ₹18,296 crore in FY26 and 6.9% YoY to ₹4,400 crore in Q4FY26, driven by newly commissioned transmission assets such as Khavda Phase-II Part-A, KPS-1, Sangod, NKTL and AEIML Mumbai HVDC, along with contributions from the smart metering business.