ADANIENSOL Adani Energy Solutions Q3 FY26 results (Oct–Dec 2025) and concall
Adani Energy Solutions reported a strong Q3 FY26 with significant growth in income, EBITDA, and PAT, driven by robust performance in transmission and smart metering. The company expanded its project pipeline to ~INR 78,000 crores and is on track to commission several key projects. While facing some execution delays in HVDC and land acquisition, management remains confident in future growth, particularly in smart metering and new C&I and cooling verticals, with a revised FY26 capex target of INR 14,500-15,000 crores.
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What they filed
Q3 FY26: revenue up 83.4%, net profit down 30.5% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|
| Revenue | 349 | 1,007 | 825 | 665 | 640 +83% |
| EBITDA | -9 | 15 | 23 | 30 | 57 +733% |
| Net profit | 164 | 198 | 156 | 101 | 114 −30% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
