Adani Energy Solutions Q3 FY26 Earnings Results: Total Income ₹6,945 Crore and EBITDA ₹2,210 Crore

Adani Energy Solutions Limited (AESL) posted strong financial and operational performance for Q3 and the 9 months ended December 31, 2025. The company continued to grow across transmission, distribution, and smart metering businesses despite a challenging operating environment.

Adani Energy Solutions: Key Financial Highlights

Q3 FY26

• Total Income: ₹6,945 Cr, up 15.7% YoY
• EBITDA: ₹2,210 Cr, highest ever, up 20.7% YoY
• Profit Before Tax: ₹801 Cr, up 43.2% YoY
• PAT: ₹574 Cr; adjusted PAT up 30.4% YoY
• Cash Profit: ₹1,227 Cr, up 22.8% YoY

9M FY26

• Total Income: ₹20,737 Cr, up 16.2% YoY
• EBITDA: ₹6,354 Cr, up 15.9% YoY
• Profit Before Tax: ₹2,205 Cr, up 37.2% YoY
• PAT: ₹1,670 Cr; adjusted PAT up 34.3% YoY
• Cash Profit: ₹3,435 Cr, up 17.1% YoY

Operational Performance

Transmission

• Average system availability remained strong at 99.7%
• Four transmission projects commissioned, including NKTL, Khavda Phase II-A, KPS-1, and Sangod
• Transmission projects under construction pipeline stands at ₹77,787 Cr
• Near-term tendering opportunity estimated at ~₹1 lakh Cr

Distribution (AEML Mumbai & MUL Mundra)

• AEML units sold at 2,487 MU during Q3
• Distribution loss improved to 4.03%, among the lowest levels
• Regulated Asset Base (RAB) at ₹9,342 Cr, up 22% YoY

Growth and Capex

• 9M FY26 capex: ₹9,294 Cr, up 1.24x YoY
• Strong growth visibility in transmission with opportunities of ~₹1 lakh Cr
• Smart metering market opportunity remains large at 103 million meters nationwide

Also Read: Best Long-Term Stocks in Jan 2026 – 5yr CAGR Basis!

Adani Energy Solutions Share Price Movement

Adani Energy Solutions share price (NSE: ADANIENSOL) ended higher at ₹926.50 on January 22, rising ₹27.20 or 3.02% during the session. The stock opened at ₹904.20, touched a high of ₹932.90 and a low of ₹904.20. The stock is trading below its 52-week high of ₹1,067.70 and well above its 52-week low of ₹639.45.

Conclusion

Adani Energy Solutions delivered a strong Q3 and 9M FY26 performance, backed by record EBITDA, rising adjusted profitability, and rapid smart meter deployment. With a robust project pipeline, disciplined capital execution, and expanding digital infrastructure, AESL remains well-positioned for sustained growth and leadership in India’s energy sector.

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