Q2 2025 Adani Energy Solutions Ltd Earnings Call Transcript
Key Points
- Adani Energy Solutions Ltd (BOM:539254) reported a strong performance in Q2 FY 2025, with significant growth across its transmission, distribution, and smart meter businesses.
- The company raised equity of 8,302 crore, which will fuel capex growth in transmission and smart metering.
- Adani Energy Solutions Ltd (BOM:539254) secured 44 new transmission projects, increasing its projects under construction to 31,700 crore from 17,000 crore.
- The company achieved a 23% increase in revenue, reaching 4,200 crore, and a 31% increase in EBITDA, reaching 1,891 crore.
- The company plans to close the year with a capex of at least 10,000 crore, projecting an EBITDA growth in excess of 15%.
- The rollout of smart meters faced initial constraints due to integration issues and manpower shortages, although these have been addressed.
- There were delays in some projects, such as a transmission project in Mumbai, due to geographical challenges.
- The company faces resistance on the ground from motivated factors, although this is not a major hindrance to operations.
- The effective tax rate is expected to be around 20% for the second half of the year, following a one-time reversal of MAT credit.
- The company is dealing with a show cause notice from SEBI related to shareholder issues, which requires a response and resolution.
Ladies and gentlemen, good day. And welcome to the Adani Energy Solutions Limited Q2 FY 2025 earnings conference call we have with us on the call today. Mr Kal Patel, CEO Aes L, Mrel Mesta CFO AES L.
Mia Mishra, head Group, corporate finance and Mr Vigil Chain. Hir Aes L as a reminder, all parties of the clients will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during the call? Please signal an operator by pressing star then zero on a touchtone phone.
Please note that this conference is being recorded.
I now hand the conference over to Mr Kanad Patel.
Thank you and over to you, sir.
Hello, good morning. And this, this is to all investors and, and all his friends who are joined on the call.
I hope all of you must have got an opportunity to go through the results that we have published and uploaded on our website.
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