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Adani Energy Solutions share price & results

Adani Energy Solutions Limited· Power· Utilities

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest private-sector power transmission & distribution utility, with a large smart-metering arm

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue768 ₹ crore+15.5% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin4.7 %+0.1 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit57.0 ₹ crore−43.6% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity11.85 %−3.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-12.45 %−11.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)32.55 %−27.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

3 of 4 judged targets kept · 17 open · verdicts reflect calls analysed to Q1 FY27.

Adani Energy Solutions Limited management guidance track record on Inve: 21 targets tracked across analysed earnings calls (3 achieved, 1 missed, 17 open).

TargetOriginal wordingSaidLatest callVerdict
UP DISCOM Privatization Biddingbidding documents expected within a month
Call transcript, Q4 FY25 · 29 Apr 2025		Q4 FY25Q1 FY27:No update provided on the UP DISCOM opportunity for the fifth consecutive quarter.
Call transcript, Q1 FY27 · 22 Jul 2026		Ghosted
FY27 Total CapexINR 21,000-22,000 crores
Call transcript, Q4 FY26 · 24 Apr 2026		Q4 FY26Q1 FY27:Q1 FY27 capex was ~INR 3,500 crores. This represents an annualized run-rate of INR 14,000 crores, which is below the guided range for FY27.
Call transcript, Q1 FY27 · 22 Jul 2026		At Risk
FY26 Total CapexRs 16,000-18,000 crores
Call transcript, Q4 FY25 · 29 Apr 2025		Q4 FY25Q4 FY26:Final FY26 capex was INR 14,431 crores, meeting the revised lower guidance.
Call transcript, Q4 FY26 · 24 Apr 2026		Achieved*

Source: Inve Guidance Tracker for Adani Energy Solutions Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Adani Energy Solutions Limited's 21 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 18 more targets are in the full ledger.

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Price

₹1,311.6 +4.26% · +₹53.6

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +38.9% 1Y

₹0.8k₹1.0k₹1.2k₹1.4k₹1.6k₹1.8kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 31 Oct 2025Q3 FY26 — 23 Jan 2026Q4 FY26 — 24 Apr 2026Q1 FY27 — 22 Jul 2026

1Y: ₹944.25 on 24 Oct 2025 → ₹1,311.6. High ₹1,741.6 (21 Jul 2026), low ₹812.7 (23 Jan 2026).

Previous close
₹1,258
Market cap
₹1.6L Cr
52-week range
₹812.7 – ₹1,741.6
One year
+38.60%
Price to earnings (TTM to Sept 2026)
42.98×
Return on equity (TTM to Sept 2026)
11.85%

Overview

Symbol
NSE:ADANIENSOL
Sector
Power
Industry
Utilities
Exchange
NSE
Currency
INR

What Adani Energy Solutions Limited does

Based on the company's own presentations, annual report and earnings calls.

Adani Energy Solutions builds, owns and operates high-voltage power transmission lines across India, earning long-term regulated/contracted tariffs on a build-own-operate-transfer basis. It also runs the Mumbai power-distribution licence (AEML), supplying electricity to retail consumers, and installs and services smart electricity meters for state utilities under long-tenure concession contracts. A newer district-cooling vertical rounds out the portfolio.

Segments

  • Transmission
  • Distribution
  • Smart Metering
  • Trading
  • Others
Market position
India's largest private-sector transmission & distribution company
Transmission network
27,949 ckm
Transformation capacity
1,23,175 MVA
Mumbai power distribution customers (AEML)
3.18 million
Smart meters installed
11.4 million (crossed 1 crore cumulative)
Smart meter order book
2.46 crore meters
Founded 2013Headquarters Ahmedabad, Gujarat, India Company website

How the price took the results

close before → close after

Q1 FY27
−1.0%
22 Jul
Q4 FY26
+3.7%
24 Apr
Q3 FY26
−12.1%
23 Jan
Q2 FY26
+2.1%
31 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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