Adani Energy Solutions Ltd (BOM:539254)

Q1 2026 Adani Energy Solutions Ltd Earnings Call Transcript

Jul 25, 2025 / NTS GMT

Release Date Price: ₹817.45 (-3.76%)

Transcript

Key Points

Positve

Adani Energy Solutions Ltd (BOM:539254) reported a 28% increase in total income and a 14% rise in EBITDA year-on-year, indicating strong financial performance.
The company successfully commissioned three transmission projects in the quarter, enhancing its operational capabilities.
Adani Energy Solutions Ltd (BOM:539254) achieved a significant milestone by installing 24 lakh smart meters, bringing the total to 55.44 lakh meters, with a target of 70 lakh meters for the year.
The company reported a 71% increase in PAT year-on-year, driven by higher EBITDA and lower depreciation and tax outgo.
Adani Energy Solutions Ltd (BOM:539254) has a robust order book of INR59,300 crores for under-construction projects, indicating strong future growth potential.

Negative

The demand in the distribution segment remained stagnant due to the early onset of monsoon, impacting growth.
Despite commissioning new projects, transmission revenue remained flat due to depreciation adjustments on older cost-plus assets.
The company faces challenges in the smart metering segment with delays in tendering processes in states like Tamil Nadu.
There are concerns about the execution of renewable capacity due to delays in transmission project commissioning by other developers.
The company's operating EBITDA in the distribution segment declined by 7.6% year-on-year, partly due to the absence of the Dahanu power plant.

Operator

Ladies and gentlemen, good day, and welcome to Q1 FY26 Earnings Update Conference Call hosted by Adani Energy Solutions Limited. From the Adani Energy Solutions side, we have the following on the call as main speakers. Mr. Kandarp Patel, CEO, AESL; Mr. Kunjal Mehta, CFO, AESL; Mr. Anupam Misra, Head, Group Corporate Finance; Mr. Vijil Jain, Head IR, AESL; Mr. Kapil Sharma, CEO of Transmission AESL; Mr. (inaudible), CEO, Smart Meter AESL. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Vijil Jain from AESL. Thank you, and over to you, Mr. Jain.

Vijil Jain

Adani Energy Solutions Ltd - Head Investor Relations

Thank you. Good morning, good afternoon. Thank you so much, everyone, for joining in. I just hope that you've got a chance to go through the earnings material uploaded on the website. Just to very quickly explain the flow of the call. So we will start with an opening remark from the CEO, Mr. Kandarp Patel, followed by a Q&A session and then the closing remarks from Mr. Kunjal Mehta,

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