India's Adani Energy Solutions Q2 profit more than doubles on tax gain, higher sales

Adani Energy Solutions

22/10/2026 11:55

Oct 22 (Reuters) - India's Adani Energy Solutions ADAI.NS reported a more-than-doubling of its quarterly profit on Thursday, aided by a deferred tax gain and higher sales in its transmission and smart-meter businesses.
     
Here are some details:
The utility's consolidated net profit for the quarter ended September 30 rose to 13.23 billion rupees ($139.48 million), from 5.34 billion rupees a year ago
Profit before tax also more than doubled to 17.67 billion rupees
Consolidated revenue from operations jumped nearly 53% to 100.76 billion rupees, while total expenses rose over 53% to 87.56 billion rupees
Revenue from its mainstay transmission business rose 51.7%, while that from its smart meter business more than doubled
Adani Energy Solutions said it had installed 14.8 million smart meters cumulatively as of September 30 and had an implementation pipeline of 24.6 million meters
India's power sector saw elevated demand during the July-September quarter, with peak electricity demand reaching 270 gigawatts, according to the Centre for Research on Energy and Clean Air
Adani Energy Solutions booked a tax gain of 15.81 billion rupees compared with a tax expense of 1.01 billion rupees a year earlier
The firm posted a 2.84 billion rupee income from regulatory deferral-account balances
     ($1 = 94.8500 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru; Editing by Mrigank Dhaniwala)
 ((mridula.kumar@thomsonreuters.com))