Adani Energy Q1 Results: Operational Revenues Rise 47% YoY At Rs 5,379 Crore

Adani Energy Results: On operational ground, it was a strong year, with an average system availability of over 99.7%. Robust line availability resulted in an incentive income of Rs 30 crore in Q1FY25

Adani Energy Solutions Limited (AESL), part of the globally diversified Adani portfolio and the largest private transmission and distribution company in India with a growing smart metering portfolio, today announced its financial and operational performance for the quarter ended June 30, 2024.

On operational ground, it was a strong year, with an average system availability of over 99.7 per cent. Robust line availability resulted in an incentive income of Rs 30 crore in Q1FY25. 

During the quarter, the company completed acquisition of Mahan Sipat transmission assets thereby adding 673 ckm to its operational network. It added 190 circuit kilometers during the quarter and ended with a total transmission network of 21,187 circuit kilometers.

Q1 FY25 Highlights:

Consolidated Financial Performance   (Rs crore)

Particulars	Q1 FY25	Q1 FY24	YoY %
Revenue from operations	5,379	3,664	46.8%
Total EBITDA (Adjusted)	1,762#	1,378	27.9%
Operating EBITDA	1,628	1,255	29.7%
PAT (Adjusted)	315#	182	73.0%
Cash profit	908#	649^	39.9%
Cash Profit (ex one-time)	908	639	42.1%

#Adjusted for an exceptional item because of proposed carve-out of the Dahanu power plant in line with Ind AS 105, of Rs 1,506 crore.

"AESL remains steadfast with commissioning of new lines, along with strong energy demand growth in its distribution areas of AEML and MUL. We are further contributing to decarbonization of the power distribution in Mumbai by way of 37 per cent renewable power penetration in Mumbai. We remain focused on recognising and tapping market opportunities within the areas of interest and lead energy transition in India. We take pride in our contribution to developing critical transmission infrastructure, to facilitate renewable evacuation (e.g. Khavda) and as well as strengthening the existing grid and driving energy efficiency in India through its smart metering programme. We are also pleased to share that prestigious agency like the FTSE have upgraded our ESG score in the FTSE4Good Index to 4.4, with environment score being the key improvement area. This demonstrates our unwavering dedication to reduce environmental impact and promote sustainable practices,” said Anil Sardana, MD, Adani Energy Solutions.

Revenues witnessed a robust growth of 47 per cent on account of the contribution from the newly operationalised transmission assets, line addition at under-construction projects and an increase in the units sold because of higher energy consumption in the distribution business at Mumbai and Mundra and contribution from smart metering business.