Adani Energy Solutions Limited — Important, 23-01-2025: Updates

Adani Energy Solutions Ltd (AESL) continues to demonstrate strong financial performance, with Q3 PAT soaring 80% YoY to ₹625 crore and an adjusted PAT of ₹440 crore reflecting a 26% increase YoY. Total income surged by 24% YoY to ₹6,000 crore, driven by contributions from newly commissioned transmission lines and robust energy sales. EBITDA grew by 6% YoY to ₹1,831 crore, bolstered by elevated EPC and treasury income.

A significant milestone was achieved with the securing of the Rajasthan Phase III Part-I HVDC project, valued at approximately ₹25,000 crore, marking the largest project win in AESL's history. Additionally, the company’s current transmission under-construction pipeline has expanded to ₹54,761 crore, significantly up from ₹17,000 crore at the year’s start. Smart meter deployment is also advancing, with an average installation rate projected to increase from 15,000 to 20,000 meters per day.

Overall, AESL’s strong order book underscores a positive outlook and strategic growth, reinforcing its leading position in India’s private transmission sector.