Latest news with #KandarpPatel
Time of India
24-07-2025
- Business
- Time of India
Adani Energy Solutions Q1 PAT jumps 71% to ₹539 crore
Adani Energy Solutions Ltd (AESL) on Thursday reported a 71 per cent year-on-year growth in its net profit in the first quarter of the current financial year to ₹539 crore. The company's EBITDA crossed the ₹2,000 crore mark, rising 14 per cent compared to the same period last year, reports IANS . The net profit was driven by double-digit EBITDA growth and supported by lower depreciation and a reduced net tax outgo year-on-year, according to a company statement. Cash profit also saw healthy growth, increasing by 15 per cent year-on-year to ₹1,043 crore. Strong revenue growth and project momentum AESL registered a robust 28 per cent year-on-year growth in total income, reaching ₹7,026 crore in Q1 FY26. This was backed by stable operating performance, increased Service Concession Arrangement (SCA) income due to higher capital expenditure, and the rising contribution from the smart metering business. Kandarp Patel, CEO of Adani Energy Solutions said, "The effective on-ground execution and 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 the quarter, AESL commissioned three new transmission lines. The company also achieved an industry-leading daily run-rate for smart meter installations. Expanding project pipeline "We expect to not only maintain the same momentum but further enhance our pursuit of timely completion of our under-construction project pipeline," Patel added. He noted optimism about the business outlook, noting that the sector offers immense opportunities backed by regulatory support, strong power demand, and a changing energy mix. AESL remains keen to tap fresh opportunities that align with its risk-reward matrix and capital allocation policy. Key transmission projects fully commissioned in Q1 FY26 include Khavda Phase II Part-A, Khavda Pooling Station-1 (KPS-1), and Sangod transmission. The company also secured a new transmission project, the WRNES Talegaon line, bringing its under-construction order book to a substantial ₹59,304 crore. Capital expenditure in Q1 FY26 saw a significant increase of 1.7 times, reaching ₹2,224 crore, up from ₹1,313 crore in Q1 FY25. Patel expects a significant increase in AESL's capex roll-out and new bid activity from Q2, as the monsoon subsides.>
NDTV
24-07-2025
- Business
- NDTV
Adani Energy Solutions Records Q1 Profit At Rs 539 crore
New Delhi: Adani Energy Solutions Ltd (AESL) on Thursday posted a consolidated net profit of Rs 538.94 crore for June quarter FY26 mainly due to higher revenues from transmission business. The company had incurred a loss of Rs 1,190.66 crore in the year-ago period, a BSE filing said. Total income rose to Rs 7,025.49 crore in the quarter from Rs 5,489.97 crore in the same period a year ago. Revenue from transmission business increased to Rs 2,188.19 crore from Rs 1,746.18 crore. However, revenue from distribution business dipped slightly to Rs 3,359.84 crore in the quarter from Rs 3,372.94 crore a year ago. "We anticipate a significant increase in AESL's capex rollout and new bid activity from Q2, as the monsoon subsides," said CEO Kandarp Patel.
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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.
News18
24-07-2025
- Business
- News18
Adani Energy Solutions Q1 profit at Rs 539 cr
Agency: PTI New Delhi, Jul 24 (PTI) Adani Energy Solutions Ltd (AESL) on Thursday posted a consolidated net profit of Rs 538.94 crore for June quarter FY26 mainly due to higher revenues from transmission business. The company had incurred a loss of Rs 1,190.66 crore in the year-ago period, a BSE filing said. Total income rose to Rs 7,025.49 crore in the quarter from Rs 5,489.97 crore in the same period a year ago. Revenue from transmission business increased to Rs 2,188.19 crore from Rs 1,746.18 crore. However, revenue from distribution business dipped slightly to Rs 3,359.84 crore in the quarter from Rs 3,372.94 crore a year ago. 'We anticipate a significant increase in AESL's capex rollout and new bid activity from Q2, as the monsoon subsides," said CEO Kandarp Patel. PTI KKS ANU Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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
