Adani Energy Solutions’ H1 FY26 Income Rises 16%; PAT Surges 42%

On Monday, Adani Energy Solutions Limited (AESL) reported a strong performance for the first half of the current financial year (H1 FY26), with total income climbing 16 per cent year-on-year to Rs 13,793 crore.

For the second quarter (Q2 FY26), revenue rose 6 per cent to Rs 6,767 crore, supported by stable operations and higher spending on capital projects, which boosted SCA income.

Adjusted profit after tax (PAT) for the half year surged 42 per cent year-on-year to Rs 1,096 crore.

Solid EBITDA growth, steady depreciation, and only a slight rise in interest expenses underpinned the increase.

In Q2 FY26, adjusted PAT stood at Rs 557 crore, marking a 21 per cent year-on-year improvement.

The company noted that last year’s second quarter had included a one-time deferred tax gain of Rs 314 crore.

EBITDA reached an all-time high of Rs 4,144 crore in H1 FY26, a 13 per cent increase, while the quarterly figure grew 12 per cent year-on-year to Rs 2,126 crore.

AESL attributed the gains to steady progress in its transmission and distribution businesses and a growing contribution from the smart metering segment, the company said in its stock exchange disclosure.

Operational Excellence and Expansion Milestones

Kandarp Patel, Chief Executive Officer of Adani Energy Solutions, stated, “We are pleased to report another strong quarter. The effective on-ground execution and focused O&M are enabling consistent progress on the project capex growth and taking us a step closer towards the completion of our locked-in projects across our business segments.”

During the first half of the year, AESL commissioned three new transmission lines and achieved the fastest installation rate in the industry for smart meters, crossing the 74 lakh mark, the highest tally in India to date.

Looking ahead, Patel said the power sector remains full of potential.

“In terms of growth outlook, the sector continues to offer significant growth opportunities due to focused energy transition backed by regulatory stability and reforms. We anticipate a significant increase in AESL’s capex roll-out across all core segments and expect strong momentum in the bid activity during the rest of the year,” he noted.

Cash profit grew 14 per cent in both H1 FY26 and Q2 FY26, reaching Rs 2,212 crore and Rs 1,167 crore, respectively.

Operationally, AESL maintained an impressive system availability of over 99.6 per cent in the quarter.

The high network reliability generated an incentive income of Rs 30 crore in Q2 FY26, highlighting the company’s robust O&M standards.

With fresh project awards, AESL’s ongoing transmission projects now total Rs 60,004 crore in value.

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