News ArticleAdani Energy Solutions Strengthens Infrastructure with INR7,850 Crore Capex and Expands Order Book to INR87,000 Crore in Q2 FY27
Company reports over 50% growth in income and 145% increase in profit after tax, with significant renewable energy and utility project developments
Adani Energy Solutions Limited delivered strong financial results for Q2 FY27 with total income up over 50% and PAT rising 145%. The company deployed INR7,850 crore in capex across Transmission, Distribution, Smart Metering, and Energy Solutions platforms, and maintains an order book of INR87,000 crore. Key projects added include Vizag Pendurthi and Satara, supporting growth in renewable integration and energy infrastructure.
Adani Energy Solutions Limited
Earnings Call Transcript
Adani Energy Solutions Limited reported robust business growth in Q2 FY27, deploying INR7,850 crore in capital expenditure across multiple segments and expanding its transmission order book to INR87,000 crore with new critical projects added at Vizag Pendurthi and Satara.
In Q2 FY27, Adani Energy Solutions invested heavily in infrastructure with capex reaching an all-time high of INR7,850 crore across its Transmission, Distribution, Smart Metering, and Energy Solutions businesses.
The Transmission segment added two significant projects—Vizag Pendurthi, supporting upcoming data centers, and Satara, important for pumped storage projects—helping maintain the order book at around INR87,000 crore.
In Distribution, the company improved operational efficiencies, reducing losses in Mumbai to 4.29% in the first half despite a consumption increase exceeding 10%.
Smart Metering deployment reached a delivery of 14.8 million meters with approximately 60% of the order book fulfilled; remaining installations are expected within 12 to 14 months.
The Commercial & Industrial Energy Solutions platform generated revenues over INR2,000 crore with EBITDA surpassing INR800 crore, securing 4 GW renewables and 3.5 GW base capacity supply agreements, including a 2,500 MW renewable energy round-the-clock contract with MSEDCL.
Highlights
- Total income grew over 50% in Q2 FY27 with EBITDA increasing nearly 67% and profit after tax rising 145%.
- Capex of INR7,850 crore marks a quarterly record, aimed at long-duration utility assets.
- Transmission order book stands at INR87,000 crore after adding Vizag Pendurthi and Satara projects.
- Distribution losses in Mumbai reduced to 4.29% amid rising consumption of more than 10%.
- Smart Metering deployment reached 14.8 million meters, with completion expected in next 12 to 14 months.
- Energy Solutions platform revenues exceeded INR2,000 crore with EBITDA over INR800 crore, securing significant renewable energy and base capacity contracts.
Key Data Snapshot
What happened
- Adani Energy Solutions deployed a record INR7,850 crore in capex during Q2 FY27 across all business segments.
- Company expanded its transmission order book to INR87,000 crore with two new projects: Vizag Pendurthi and Satara.
- Energy Solutions platform continues growth with revenues over INR2,000 crore and EBITDA exceeding INR800 crore in the quarter.
Key details
- Transmission projects Vizag Pendurthi support emerging data centers; Satara project supports pumped storage projects (PSP).
- Distribution losses in Mumbai reduced to 4.29% despite over 10% increase in electricity consumption.
- Smart Metering deliveries reached 14.8 million meters, with around 60% of order book completed; remaining installations planned within 12 to 14 months.
- Energy Solutions platform secured supply tie-ups for 4 GW renewables and 3.5 GW base capacity including a 2,500 MW RE-RTC contract with MSEDCL.
Financial performance
- Total income grew by over 50% in Q2 FY27, EBITDA rose by nearly 67%, and profit after tax surged 145%.
- Company reported enhanced governance and ESG performance, ranking first globally in S&P Global Electric Utility category with score of 90 out of 100.
Funding and capital details
- Majority of the company’s debt is fixed rate or suitably hedged against foreign exchange and interest rate risks.
- Company has locked in capex of over INR100,000 crores planned for the next 4 to 5 years, aiming to increase asset base by approximately 1.3 to 1.4 times.
Highlights
- Total income grew over 50% in Q2 FY27 with EBITDA increasing nearly 67% and profit after tax rising 145%.
- Capex of INR7,850 crore marks a quarterly record, aimed at long-duration utility assets.
- Transmission order book stands at INR87,000 crore after adding Vizag Pendurthi and Satara projects.
- Distribution losses in Mumbai reduced to 4.29% amid rising consumption of more than 10%.
- Smart Metering deployment reached 14.8 million meters, with completion expected in next 12 to 14 months.
- Energy Solutions platform revenues exceeded INR2,000 crore with EBITDA over INR800 crore, securing significant renewable energy and base capacity contracts.
Disclosures
- Competition Commission of India (CCI) clearance pending for Intellismart transaction
Source Information
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