Adani Energy's FY25 Income Surges 42 Percent YoY to INR 24,447 Crore

Adani Energy Solutions Ltd. (AESL), a key player in India's private transmission and distribution sector and part of the diversified Adani Group, announced a robust financial performance for the fiscal year 2025 and the final quarter ending March 31, 2025.

The company reported its highest-ever Profit After Tax (PAT) and Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) for both the quarter and the full year.

AESL's total income for FY25 reached an unprecedented INR 24,447 crore, marking a robust 42 percent year-on-year growth. This surge was primarily attributed to the contributions from newly commissioned transmission projects, strong energy sales in its Mumbai and Mundra distribution utilities, and the expanding smart metering business. Notably, income from Service Concession Arrangements (SCA) saw a significant jump, highlighting the increasing contribution from these long-term projects. The company's operational revenue also experienced healthy growth, increasing by 20 percent YoY to INR 17,057 crore.

The company's Q4 FY25 PAT soared by 87 percent year-on-year to INR 714 crore, while the full-year PAT reached INR 2,427 crore, excluding a one-time item related to the divestment of the Dahanu power plant. This adjusted full-year PAT represents a substantial 103 percent growth compared to the previous fiscal year. EBITDA also witnessed significant gains, with Q4 FY25 EBITDA climbing to INR 2,262 crore, a 28 percent YoY increase, and the full-year EBITDA hitting a record INR 7,746 crore, up by 23 percent YoY.

Operationally, AESL continued to strengthen its position. The company secured two new transmission projects in the fourth quarter, boosting its total order book to a substantial INR 59,936 crore. The transmission network expanded with the commissioning of the MP package - II line and the acquisition of the Mahan Sipat line. AESL also made significant strides in its smart metering business, reaching 31.3 lakh installations by the end of FY25, with ambitious plans for further expansion in the coming year. The distribution businesses in Mumbai and Mundra demonstrated strong energy sales growth and efficient operations, with AEML in Mumbai maintaining low distribution losses.

The company's strong financial and operational performance was complemented by its commitment to Environmental, Social, and Governance (ESG) principles. AESL divested its Dahanu thermal power plant, increased the share of renewable power in its Mumbai supply, and joined a global alliance for clean energy. Its ESG ratings from S&P Global and the World Disclosure Initiative also showed significant improvement. Furthermore, AESL received positive affirmations and rating upgrades from Fitch Ratings, underscoring its financial stability and future outlook.

As per the firm, AESL is poised for continued growth, with a robust pipeline of transmission projects under execution and significant opportunities in the smart metering and distribution sectors. The company's focus on operational efficiencies, project commissioning, and sustainable practices positions it well to capitalise on the growing energy demand and infrastructure development in India.