Adani Energy Q3FY26: Revenue up 15.7% to ₹6,945 Cr, EBITDA ₹2,210 Cr
Adani Energy Solutions reported strong Q3 FY26 results with Total Income at ₹6,945 Cr (up 15.7% YoY) and record EBITDA of ₹2,210 Cr (up 20.7% YoY). Adjusted PAT grew 30.4% to ₹574 Cr. For 9MFY26, Total Income rose 16.2% to ₹20,737 Cr, and Adjusted PAT increased 34.4% to ₹1,670 Cr. Capex for 9MFY26 was ₹9,294 Cr. The company installed 92.5 lakh smart meters cumulatively.
The announcement details strong financial performance with record revenues and profits, significant year-on-year growth, and strategic progress in key business segments like transmission and smart metering. The positive rating outlook revision by Moody's also adds to the positive impact.
The company reported record high Total Income and EBITDA for Q3 FY26, along with significant year-on-year growth in Adjusted PAT and Profit Before Tax for both the quarter and the nine-month period. The increase in capex and strong progress in smart meter installations further indicate positive momentum.
Adani Energy Solutions Limited (AESL) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a strong performance across all segments, driven by robust on-ground execution and strategic capital management.
For the third quarter of FY26, Total Income reached an all-time high of ₹6,945 crore, a 15.7% year-on-year increase. EBITDA also hit a record of ₹2,210 crore, up 20.7% year-on-year, primarily due to strong growth in the transmission and smart metering segments. Profit Before Tax saw a significant rise of 43.2% year-on-year to ₹801 crore. Adjusted PAT grew by 30.4% year-on-year to ₹574 crore. Cash profit increased by 22.8% to ₹1,227 crore.
In the first nine months of FY26, Total Income rose by 16.2% year-on-year to ₹20,737 crore, marking another all-time high. EBITDA for the period was up 15.9% year-on-year to ₹6,354 crore. Profit Before Tax stood at ₹2,205 crore, a 37.2% increase year-on-year. Adjusted PAT grew by 34.4% year-on-year to ₹1,670 crore, and cash profit increased by 17.1% to ₹3,435 crore.
The company's capital expenditure (capex) in the first nine months of FY26 increased to ₹9,294 crore from ₹7,475 crore in the same period last year. AESL commissioned four transmission projects during this period and has a robust under-construction transmission pipeline worth ₹77,787 crore. In the smart metering business, the company installed 61.2 lakh new meters in the nine-month period, bringing the cumulative total to 92.5 lakh meters. AESL is on track to surpass its guidance of 1 crore cumulative smart meters by the end of FY26.
Moody's Ratings revised the outlook for Adani Transmission Step-One Limited and Adani Electricity Mumbai Limited to 'Stable' from 'Negative', affirming their Baa3 senior secured ratings.
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Adani Energy Solutions Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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