Adani Energy Solutions FY26 PAT Surges 160% to ₹2,393 Cr on Strong Revenue Growth
Adani Energy Solutions Ltd reported a strong FY26 with PAT up 160% to ₹2,393 crore and EBITDA at ₹8,726 crore. Total income grew 15.9% to ₹28,325 crore. Q4 FY26 PAT rose 27.7% to ₹723 crore. Capex increased to ₹14,232 crore. The company commissioned five transmission projects and installed 1 crore smart meters.
The announcement includes record financial results, significant year-on-year growth in key metrics like PAT and EBITDA, substantial capex, and a robust project pipeline, which are material to investors and the company's market position.
The company reported record EBITDA and significant PAT growth, along with strong revenue increases and successful project commissioning, indicating a positive financial and operational performance.
Adani Energy Solutions Limited (AESL) announced its audited financial and operational results for the quarter and financial year ended March 31, 2026. The company achieved its highest ever Annual EBITDA of ₹8,726 crore in FY26, a 13% year-on-year increase, and its Profit After Tax (PAT) rose by 160% to ₹2,393 crore. For the fourth quarter of FY26, EBITDA stood at ₹2,372 crore, a 5% year-on-year growth.
Total income for FY26 reached an all-time high of ₹28,325 crore, marking a 15.9% year-on-year growth, primarily driven by improved operating performance and higher Service Concession Arrangement (SCA) income. EBITDA saw a 12.7% year-on-year increase to ₹8,726 crore, supported by strong growth in the transmission and smart metering segments. The PAT for FY26, adjusted for a one-time income adjustment and the carve-out of the Dahanu power plant in FY25, surged 32% year-on-year to ₹2,393 crore.
In the fourth quarter of FY26, total income rose 15.0% year-on-year to ₹7,588 crore, with EBITDA up 4.9% year-on-year to ₹2,372 crore. Adjusted PAT for Q4 FY26 increased by 27.7% year-on-year to ₹723 crore.
AESL's capex execution saw an increase of 1.24 times to ₹14,232 crore in FY26. The company commissioned five transmission projects during the year, including the Mumbai HVDC project, and became the first player in India to successfully install 1 crore smart meters. The company's transmission under construction pipeline stands at ₹71,779 crore, and its smart meter order book has a revenue potential of ₹29,519 crore.
In terms of capital management, AESL received a BBB+ (Stable) long-term foreign currency rating from Japan Credit Rating Agency. Adani Electricity Mumbai Limited (AEML) also received rating upgrades to IND AAA (Stable) and CRISIL AAA (Stable). The company also highlighted significant ESG achievements, including an inaugural ESG rating of CareEdge‑ESG 1+ and recognition among India’s Top 60 Most Sustainable Companies.
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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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