Adani Energy Solutions Q2 profit falls 21% despite higher revenue, stronger margins

Adani Energy Solutions Ltd (AESL) on Monday reported a 21% year-on-year (YoY) decline in consolidated net profit to ₹534 crore for the quarter ended September 2025, compared with ₹675 crore in the same period last year.Revenue from operations rose 6.7% YoY to ₹6,595 crore from ₹6,183 crore a year earlier, according to the company’s exchange filing.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased 28.1% to ₹2,289.4 crore versus ₹1,786.8 crore a year ago, while EBITDA margins improved to 34.7% from 28.9% in the corresponding quarter last year.

AESL, part of the Adani Group, operates power transmission and distribution networks across India and is expanding into smart metering and power infrastructure projects.The company has been scaling up its transmission capacity and recently commissioned several high-voltage lines to strengthen grid reliability.

Shares of Adani Energy Solutions ended 0.1% higher at ₹945.05 on the National Stock Exchange ahead of the results announcement. The stock has risen 17% in the year-to-date period.

Adani Energy Solutions, formerly known as Adani Transmission, has a portfolio of more than 20,000 circuit kilometres of transmission lines and operates distribution utilities serving parts of Mumbai.