Adani Energy Solutions Q2 results: Profit jumps 43% in H1 FY26; firm commissions 3 projects, eyes Rs 1 crore smart meters target

Adani Energy Solutions Limited (AESL), a key arm of the Adani Group and India’s biggest private player in the power transmission and distribution sector, on Monday posted strong financial and operational results for the quarter and half year ended September 30, 2025.For the first half of FY26, AESL’s total income climbed 16.4% year-on-year to Rs 13,793 crore. Revenue for the second quarter rose 6.4% from the same period last year to Rs 6,767 crore, supported by steady operational efficiency and higher SCA income led by increased capital expenditure, reported ANI.EBITDA for the half year stood at Rs 4,144 crore, up 13.4% from a year earlier, while Q2 EBITDA came in at Rs 2,126 crore, a 12.4% rise over last year. The company’s Profit Before Tax (PBT) advanced 34.1% to Rs 1,404 crore in the first six months and 25.4% to Rs 745 crore in Q2 FY26.Adjusted Profit After Tax (PAT) grew sharply by 42.6% year-on-year to Rs 1,096 crore in the first half, while it rose 21.2% to Rs 557 crore in the July–September quarter.“We are pleased to report another strong quarter,” said Kandarp Patel, CEO of Adani Energy Solutions, as quoted by ANI. “The effective on-ground execution and focused O&M is 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,” he added.He added that AESL commissioned three new transmission lines during the first half and achieved a record pace of smart meter installations. “We touched the 74 lakh meter installation mark, the highest achieved by any player in the country,” Patel said. He further noted that the energy transition, supported by regulatory stability and reforms, continues to open up “significant growth opportunities” for the sector.The company’s capital expenditure in H1 FY26 stood at Rs 5,976 crore, a 36% increase from Rs 4,400 crore in the same period of FY25. The newly commissioned projects during the period included Khavda Phase II Part-A, Khavda Pooling Station-1 (KPS-1), and Sangod Transmission.In its smart metering business, AESL added 42.4 lakh meters in the first half, taking total installations to 73.7 lakh. The company expects to cross the 1-crore installation milestone by the end of FY26.Highlighting a strong growth pipeline, AESL said projects under construction in its transmission business are valued at Rs 60,004 crore. Its smart metering order book stands at 2.46 crore meters, with a revenue potential of Rs 29,519 crore, while near-term transmission tenders amount to about Rs 96,000 crore.The company maintained a transmission system availability of over 99.6% in Q2, while distribution losses in Mumbai dropped to 4.36%. AESL said it continues to expand its footprint across transmission, distribution, and smart metering as part of its broader goal to modernize India’s energy infrastructure.