Adani Energy Solutions clock all-time high PAT for FY25

The company added 695 circuit kilometres of transmission lines during the year, taking the total transmission network to 26,696 circuit kilometres
| Photo Credit:
AMIT DAVE

Driven by contributions from recently commissioned transmission projects, robust energy sales and contribution from the smart metering business, Adani Energy Solutions Ltd (formerly Adani Transmission Ltd) clocked an all-time high profit after tax (PAT) of ₹2,427 crore for FY25.

The PAT rose 103 per cent aided by strong EBITDA growth and a reversal of ₹469 crore in net deferred tax liability primarily from divesting AEML’s Dahanu plant and regulatory income of ₹148 crore in transmission and distribution businesses, the company stated in an official release here.

During FY25, the total income of ₹24,447 crore witnessed robust growth of 42 per cent and operational revenue of ₹17,057 crore grew by 20 per cent y-o-y on account of the contribution of the newly operationalised transmission assets (MP Package–II, KVTL, KBTL, WKTL lines) and contribution from acquired Mahan Sipat line from Essar. The increase in energy sales led by positive demand growth in distribution business at Mumbai and Mundra and growing contribution from smart metering business, also boosted the revenues the company added.

“As we embark on the next fiscal year, the company remains focused on incremental project commissioning, significantly increasing the meter installation as well as achieving operating efficiencies in all lines of businesses. The integrated business model and underlying power demand trends in our areas of operation are encouraging and complements our capital allocation policy. We are confident that the growth opportunity visible across all our business segments will help us further consolidate our market position,” said Kandarp Patel, CEO, Adani Energy Solutions.

New projects

The company secured two new transmission projects: Navinal (Mundra) Phase I Part B1 and Mahan Transmission Ltd in the fourth quarter of the last fiscal, thereby taking the new wins in FY25 to seven projects with a total project cost of ₹43,990 crore and cumulative orderbook to ₹59,936 crore. The capex in FY25 doubled to ₹11,444 crore, as against ₹5,613 crore in FY24.

The company added 695 circuit kilometres of transmission lines during the year, taking the total transmission network to 26,696 circuit kilometres. It also installed 31.3 lakh smart meters as of FY25. The company plans to install at least 60-70 lakh new meters in FY26, thereby achieving a cumulative number of minimum over one crore meters by the end of FY26.

Published on April 24, 2025