Noida, July 21 (APAC Media): Adani Energy Solutions on Tuesday reported a 124% year-on-year surge in consolidated net profit, reaching Rs 1,149 crore for the first quarter, compared with Rs 512 crore in the corresponding period a year earlier.
The strong earnings growth reflects a significant improvement in the company’s financial performance during the quarter.
Revenue from operations increased 42% year-on-year to Rs 9,711 crore during the quarter.
On a sequential basis, revenue from operations rose from Rs 7,443 crore in the March quarter, while profit after tax climbed from Rs 723 crore reported in the previous quarter.
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The company reported regulatory deferral income of Rs 29 crore during the quarter, compared with a regulatory deferral expense of Rs 504 crore in the corresponding quarter of the previous year.
The company said in a regulatory filing that it did not review the interim financial results of 79 subsidiaries included in the statement. The financial information of these subsidiaries reflected total revenues of Rs 5,738.54 crore, net profit after tax of Rs 654.98 crore, and total comprehensive income of Rs 628.68 crore for the quarter ended June 30, 2026.
The interim financial results of these subsidiaries were reviewed by other auditors, whose reports were provided to the company’s management. The company’s conclusion on the amounts and disclosures related to these subsidiaries was based solely on the review reports of those auditors and the procedures performed by the company as outlined in the filing.
Consolidated revenue from the transmission business surged 52.4% year-on-year to Rs 3,335.3 crore, while revenue from the distribution business increased 5% to Rs 3,520.4 crore during the quarter.
The smart metering business recorded over 200% growth, generating revenue of Rs 346.9 crore.
Meanwhile, revenue from the energy solutions platform jumped more than nine-fold to Rs 1,906.8 crore in the quarter ended June 30.
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