Latest news with #AdaniEnergy
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Business Standard
24-07-2025
- Business
- Business Standard
Adani Energy Q1 FY26 result: Profit at ₹512 crore, revenue up 27%
Adani Energy Solutions on Thursday reported a net profit of ₹512.48 crore for the first quarter of financial year 2025-25 (Q1 FY26), recovering from a loss of ₹823.92 crore in the same period last year. However, profit declined 20.8 per cent sequentially from ₹647.15 crore in Q4 FY25. The company's revenue from operations for the quarter rose 26.78 per cent year-on-year to ₹6,819.28 crore, up from ₹5,378.55 crore in Q1 FY25. On a sequential basis, revenue grew 7.4 per cent from ₹6,347.58 crore in Q4 FY25. Adani Energy's earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 14 per cent to a record high of ₹2,017 crore during the quarter driven by resilient performance in transmission and distribution segment and significant contribution from smart metering business segment, the company said in a BSE filing. 'We are pleased to report another robust quarter. The effective on-ground execution & focused O&M enabling consistent progress on the project capex growth continues to be our key performance yardstick as we stay focused on unlocking the huge locked-in growth potential in our core business segments. During this quarter, the company made strides to commission three new transmission lines and achieved industry leading daily run-rate in terms of smart meters installation,' said Kandarp Patel, chief executive officer (CEO) of Adani Energy Solutions.
Mint
24-07-2025
- Business
- Mint
Stocks to watch: Infosys, Bajaj Finance, Nestle India, BEML, IndusInd Bank among shares in focus today
Shares of Bajaj Finance, Adani Energy, Nestle India, SBI Life will remain in focus as companies will declare Q1 earnings today. Infosys, India's second-largest IT services exporter, posted a 9% year-on-year (YoY) increase in its consolidated net profit, reaching ₹ 6,921 crore for the quarter ending in June. Bajaj Finance subsidiary announced its first-quarter results, reporting a 33.4% increase in Net Interest Income to ₹ 887 crore, while net profit grew by 21% to ₹ 583 crore. Tata Consumer posted a 15% year-on-year increase in its consolidated net profit for Q1FY26, rising to ₹ 334 crore from ₹ 290 crore in the same quarter last year. Dr Reddy's reported a revenue of ₹ 8,542 crore, up from ₹ 7,672.7 crore in the previous year, though it fell slightly short of projections. The automobile major reported a 52.3% year-on-year increase in net profit, reaching ₹ 176.3 crore, while its revenue from operations grew by 21.9% to ₹ 2,297 crore for the June quarter. BEML has secured an order valued at ₹ 294 crore from the Ministry of Defence for the supply of 6x6 High Mobility Vehicles (HMVs). Welspun Corp has sold an additional 9.9% equity stake in Nauyaan Shipyard to Nauyaan Tradings, a wholly-owned subsidiary of Reliance Strategic Business Ventures, for ₹ 54.70 crore. The board of the private lender has given its approval to raise up to ₹ 30,000 crore through a mix of debt securities and equity instruments such as ADRs, GDRs, and QIPs, subject to obtaining the required approvals from shareholders and regulators. Inox Wind announced that its board has approved the specific terms for its proposed rights issue of equity shares worth up to ₹ 1,249 crore, after receiving in-principle approvals from both the BSE and NSE. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
The Hindu
08-07-2025
- Politics
- The Hindu
Adivasi Girijana Sangham urges Collector to halt hydropower project survey in ASR district
Anantagiri ZPTC member D. Ganga Raju and Adivasi Girijana Sangham State general secretary Killo Surendra submitted a representation to Alluri Sitharama Raju District Collector A.S. Dinesh Kumar, seeking an immediate halt to the ongoing survey in Anantagiri, Pedhakota, Chittampadu, and Kujjeli for proposed hydropower projects by Adani Energy and Navayuga Pvt. Ltd. The leaders warned that the projects threaten the rights of tribal communities across 50 villages in 10 panchayats. They also demanded the cancellation of G.O. No. 51, which allows capacity enhancement for the projects. Villagers G. Anand and K. Eswar Rao also joined the delegation.
Time of India
01-06-2025
- Business
- Time of India
Adani Energy Solutions to raise Rs 4,300 cr via share sale
Adani Energy Solutions will seek to raise Rs 4,300 crore through a qualified institutional placement (QIP) or other permissible method as per applicable laws. The company said in a regulatory filing on Saturday that the fundraise will be done in one or more tranches, subject to getting necessary approvals, including from the company's shareholders. This fiscal year, Adani Energy plans to spend Rs 16,000-18,000 crore in capital expenditure, up from last year's spending of Rs 11,444 crore. Of the total, it will invest Rs 12,000-13,000 crore in transmission, Rs 4,000 crore in smart meters, and Rs 1,600 crore in distribution. On Saturday, the company also redesignated Kandarp Patel, chief executive officer (CEO)-KMP, as an additional director and whole-time director & CEO (KMP) of the company for a three-year period effective May 31. The company also appointed Hemant Nerurkar and Amiya Chandra as additional directors (non-executive and independent) on the board for a similar three-year period. Live Events
Bloomberg
31-05-2025
- Business
- Bloomberg
Adani Energy Approves Raising $502 Million Via Share Sale
Billionaire Gautam Adani-controlled Adani Energy Solutions Ltd. approved raising 43 billion rupees ($502 million) via a stake sale. The Adani Group unit's board passed an enabling resolution to raise the amount via 'Qualified Institutional Placement' in one or more tranches, according to an exchange filing Saturday.
