Latest news with #KandarpPatel
Time of India
28-04-2025
- Business
- Time of India
Adani Energy Solutions eyes capex hike to ₹18k crore
Adani Energy Solutions Ltd (AESL) is planning to spend ₹16,000-18,000 crore in capital expenditure this fiscal year, a sharp increase from last year's ₹11,444 crore. Of this, it will invest ₹12,000-13,000 crore in transmission, ₹4,000 crore in smart meters, and ₹1,600 crore in distribution, Kandarp Patel , CEO, AESL, told investors in a post-earnings call on Friday. AESL's profit after tax surged 87 per cent year-on-year to ₹714 crore in the March quarter, while total income rose 36 per cent to ₹6,596 crore. For the fiscal year ended March 31, profit after tax soared 103 per cent to ₹2,427 crore and total income grew 42 per cent to ₹24,447 crore. Total orderbook stood at ₹60,000 crore as of March-end. Patel said the company's transmission project pipeline remains strong with ₹54,000 crore worth of ISTS (inter-state transmission system) projects in the bid-out stage. 'Going forward, we expect the states to also augment their transmission capacity to absorb the renewable power which the ISTS projects will bring,' said Patel. He noted that Maharashtra will need to invest ₹1.5 lakh crore over the next decade in transmission, 'and many such projects are expected to come under TBCB (Tariff-Based Competitive Bidding) route, which we will bid.' Last fiscal year saw ₹161,540 crore worth of transmission tenders in which AESL secured a market share of 28 per cent by winning seven projects worth ₹44,000 crore. During the year, the company commissioned one project and acquired another. Patel said its under-implementation projects, totalling 15, would add ₹8,260 crore to annual revenue once delivered over the next 2-4 years. In FY26, the company is looking at delivering seven projects—including the crucial Mumbai HVDC project—entailing a total capex of ₹15,000 crore. In distribution, where the company serves the Mumbai and Mundra markets, Patel said AESL would participate in Uttar Pradesh's discom privatisation drive, and the bidding process is expected to open shortly. UP is looking to privatise two of its four state-owned discoms. The entire process is being closely watched by several other states. AESL had earlier said that it is also looking at a parallel licensing opportunity in the Navi Mumbai area. AESL—also India's largest private sector discom—reported 6 per cent higher energy sales in Mumbai and 44 per cent in Mundra in FY25. This reduced its distribution loss in Mumbai discom to 4.7 per cent , which is amongst the best globally for a large city. Under smart meters, the company has an existing order book of 22.8 million smart meters across five state discoms with total revenue potential of more than ₹27,195 crore. While still small, the smart meter business has started contributing to revenues. Patel said this fiscal year, it expects to add 7 million smart meters, increasing the installed base to 10 million meters by March 2026. 'There still exists an opportunity for 1.1-1.2 million smart meters from states which haven't yet bid out or have partially bid out. We will ensure we at least maintain our current market share of 22-23 per cent ,' he said. AESL is currently installing 27,000 smart meters a day. AESL's transmission network stretches 26,696 ckm and 90,236 MVA transformation capacity, making it India's second-largest private transmission firm.
The Print
24-04-2025
- Business
- The Print
Adani Energy Solutions' revenue grew 42% to record Rs 24,447 crore in FY25
According to the CEO, the record revenue was primarily driven by contributions from the recently commissioned transmission project, robust energy sales and distribution utilities at Mundra and Mumbai, as well as contributions from the smart metering business. Ahmedabad (Gujarat), [India], April 24 (ANI): Adani Energy Solutions has reported strong results for the January-March quarter and the entire 2024-25 financial year. Kandarp Patel, CEO of Adani Energy Solutions, in a video message to stakeholders, stated that its revenue grew by 42 per cent year-over-year to a record Rs 24,447 crore in 2024-25. The Adani Group company's profit after tax for 2024-25 also witnessed a sharp increase of 103 per cent year-on-year, reaching an all-time high figure of Rs 2,427 crore. For the quarter ended in March 2025, AESL's revenue grew 36 per cent year-over-year to Rs 6,596 crore. The profit after tax shows a steep year-on-year growth of 87% to Rs. 714 crore. During the quarter, AESL secured two new transmission projects, the Navinal project and the Mahan transmission project, thereby increasing its new wins in 2024-25 to seven projects with a cumulative order book of nearly Rs 60,000 crore, Patel said. AESL transmission network now stands at 26,696 kilometres and 90,236 MV of transformation capacity, further cementing its position as the country's largest private sector transmission company. In the distribution sector, Patel said its Mumbai distribution arm, AEML, sold 6 per cent more power in 2024-25, while its Mundra arm sold 44 per cent more, driven by robust electricity demand. 'The share of renewable power supplied to Mumbai is now 36 per cent as of 2024-25, and AESL is on track to achieve 60 per cent by 2026-27, Patel said in the video message. 'We are now targeting the highly lucrative commercial and industrial segment, which is CNI segment, by offering them a customized and reliable power solution. We see this bulk customer segment contributing significantly to our revenue and profitability going forward,' Patel said. Data centres, malls, airports, IT parks, and specialised manufacturing are some of the target customer bases which AESL is tapping with its customised solutions, Patel apprised the stakeholders. 'Our smart metering business is evolving well and will become sizable in terms of contribution to our overall growth and profitability, besides offering a massive synergy to our distribution business,' he noted. In 2024-25, AESL installed about 31.3 lakh smart meters and plan to install at least 70 lakh new meters in 2025-26, thereby achieving a cumulative number of minimum 1 crore meter by the end of 2025-26. 'We are in advanced stage of discussion with several developers to offer them a cooling as a service offering, where we take care of the entire cooling related capex. This is an exciting adjacency for us and we foresee homes, office and commercial establishment requiring significant cooling requirement in the years ahead,' Patel noted. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.
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Business Standard
24-04-2025
- Business
- Business Standard
Adani Energy Solutions Q4 results: Net profit rises 79% to ₹647.15 cr
Adani Energy Solutions (AESL) on Thursday reported a 79 per cent on-year jump in its consolidated net profit (attributable to the owners of the company) at ₹647.15 crore in the fourth quarter of the financial year 2024-25 (Q4FY25). AESL, the electricity transmission arm of the Adani Group, said that its revenue from operations rose 35.5 per cent on-year to ₹6,374.58 crore during the period under review. The company said that the recovery of past regulatory asset charges was recorded at ₹221.23 crore, which was added to the revenue from operations. Consolidated Ebitda (earnings before interest, taxes, depreciation, and amortisation) in Q4FY25 was 28 per cent higher at ₹2,262 crore, supported by revenue growth, strong regulated Ebitda in the distribution business, which was 39 per cent higher Y-o-Y at ₹873 crore in Q4, said the company. The company said there was a 42 per cent on-year rise in its total income for FY25 at ₹24,447 crore, a growth which was driven by the contributions from its recently commissioned transmission projects, robust energy sales in Mumbai and Mundra utilities, and contribution from the smart metering business. '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 business,' said Kandarp Patel, CEO, Adani Energy Solutions. 'The integrated business model and underlying power demand trends in our areas of operation are encouraging and complement our capital allocation policy,' he added. AESL secured two transmission projects, Navinal (Mundra) Phase I Part B1 and Mahan Transmission Ltd, in Q4, taking the new order total in FY25 to seven projects with a total project cost of ₹43,990 crore and a cumulative orderbook of ₹59,936 crore. Total expenses for the quarter were recorded at ₹5,411.60 crore, a 24 per cent increase compared with the corresponding previous year. The company said it has doubled its capex in FY25 to ₹11,444 crore, as against ₹5,613 crore in FY24. Shares of AESL closed at ₹962.05, up 2.48 per cent, while the benchmark Sensex was down 0.39 per cent at 79,801.43 points. The company said leverage position is at a comfortable level with net debt to Ebitda at 3.2 times in line with the guidance, The FY25 saw unprecedented transmission bidding activity of ₹1,61,540 crore, with AESL's market share at 28 per cent. The near-term tendering pipeline was at ₹54,000 crore, the firm said.
Time of India
24-04-2025
- Business
- Time of India
Adani Energy solutions' profit soars 87% high for March quarter
Adani Energy Solutions Ltd (AESL), the electricity transmission arm of the Adani Group , announced a staggering 87% surge in its profit for the March quarter, reaching Rs 714 crore, up from Rs 381.29 crore during the same period last year. This impressive growth was driven by a one-time exceptional income, according to the company's regulatory filing. The company's total income for the quarter also saw a notable rise of 35.9%, reaching Rs 6,596.39 crore, compared to Rs 4,855.18 crore in the corresponding quarter of the previous year. AESL's fourth-quarter profit after tax (PAT), excluding the one-off regulatory income of Rs 148 crore, stood at Rs 566 crore, reflecting a 48% increase. However, expenses for the period rose to Rs 5,411.60 crore, up from Rs 4,358.83 crore in Q4 of FY24. Commenting on the company's performance, CEO Kandarp Patel expressed his confidence in AESL's continued growth. "AESL delivered strong operating and financial performance in FY25 backed by its distinguished ability to execute complex projects, compete and outperform peers in project bids, and remain financially prudent," Patel said. " As we embark on the next fiscal year, the company remains focused on incremental project commissioning, significantly increase the meter installation as well as achieving operating efficiencies in all lines of businesses." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo Patel further highlighted the encouraging power demand trends in AESL's areas of operation and the positive impact of the company's integrated business model. He believes these factors, combined with a well-aligned capital allocation policy, will help AESL maintain its competitive edge. For the full fiscal year, AESL reported a PAT of Rs 2,427 crore, marking a remarkable 103% increase, primarily driven by strong EBITDA growth, the reversal of Rs 469 crore in deferred tax liabilities, and a regulatory income of Rs 148 crore. The company's total income for FY25 reached Rs 24,447 crore, a robust 42% increase, while operational revenue grew by 20% YoY to Rs 17,057 crore, bolstered by the contribution of newly operational transmission assets and growing energy demand. Adani Electricity Mumbai Limited (AEML), AESL's distribution arm, reported a 6% increase in energy consumption, reaching 10,558 million units, while maintaining low distribution losses of 4.77%. Energy consumption at the Mundra utility saw a substantial 44% YoY growth. AESL's transmission business generated Rs 406 crore in profit for the quarter, while its distribution segment contributed Rs 274 crore. The company's transmission business was the largest contributor to FY25's profit, with Rs 1,380 crore, followed by Rs 979 crore from distribution. As India's largest private transmission company, AESL operates across 16 states with a cumulative transmission network spanning 26,696 circuit km and a transformation capacity of 90,236 MVA. With a steady focus on growth and operational excellence, AESL is well-positioned to strengthen its leadership in the energy sector. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
Hans India
24-04-2025
- Business
- Hans India
Adani Energy Solutions posts 103 pc PAT growth at Rs 2,427 cr in FY25, ends Q4 on record high
Ahmedabad: Adani Energy Solutions Limited (AESL) on Thursday reported an impressive 103 per cent annual profit after tax (PAT) growth in FY25 at an all-time high of Rs 2,427 crore, as the company posted 87 per cent PAT growth at Rs 714 crore in Q4 (January-March). The Adani Group company also showed strong growth of 42 per cent (year-on-year) in its total income at Rs 24,447 crore in FY25, which is highest ever is driven by the contributions from the recently commissioned transmission projects, robust energy sales in Mumbai and Mundra utilities and contribution from the smart metering business. 'Out of Rs 24,447 crore, the Service Concession Arrangement (SCA) Income under IND-AS 115 in FY25 was Rs 5,064 crore against Rs 858 crore in FY24,' said the company. PAT witnessed a sharp increase of 103 per cent YoY, resulting from higher EBITDA, and aided by reversal of net deferred tax liability of Rs 469 crore in full year, primarily due to divestment of Dahanu plant in Adani Electricity Mumbai Limited (AEML) and regulatory income of Rs 148 crore, it added. 'AESL delivered strong operating and financial performance in FY25 backed by its distinguished ability to execute the complex projects, compete and outperform peers in the project bids and remain financially prudent at the same time. As we embark on the next fiscal year, the company remains focused on incremental project commissioning, significantly increase the meter installation as well as achieving operating efficiencies in all lines of businesses,' said Kandarp Patel, CEO, Adani Energy Solutions. With its strong order book of Rs 59,936 crore in transmission, rising opportunities in distribution business and ramp-up in smart metering business, AESL not only consolidated its position but is also fully geared up to deliver strong performance 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,' Patel said, adding that 'We are confident that the growth opportunity visible across all our business segments will help us further consolidate our market position'. EBITDA increased by 23 per cent to a record-high of Rs 7,746 crore during the full year, translating from double-digit revenue growth in transmission segment, consistent expansion in the Mumbai utility's EBITDA vis-a-vis the 13 per cent annual growth in regulated asset base and higher treasury income. The Q4 Adjusted PAT stood at Rs 566 crore, excluding one-time regulatory income of Rs 148 crore, up by 48 per cent. During the quarter, the company secured two new transmission projects -- Navinal (Mundra) Phase I Part B1 and Mahan Transmission Ltd, thereby taking the new wins in FY25 to seven projects with a total project cost of Rs 43,990 crore and cumulative orderbook to Rs 59,936 crore. The capex in FY25 has increased by 2x to Rs 11,444 crore, as against Rs 5,613 crore in FY24. The smart meter deployment is progressing well with the total installation reaching 31.3 lakh, said the company. 'In terms of our ESG pursuit, we remain committed to sustainable business practices and continue to achieve feats,' said Patel.
