Q1 performance: Adani Energy Solutions adjusted PAT of Rs 315 cr increases by 73% YoY

•  Revenue from operations at Rs 5,379 crore, up 47% YoY
• Operational EBITDA at Rs 1,628 crore, up 29.7% YoY
• The company honoring its ESG commitment has decided to divest Dahanu thermal plant in Q1FY25 resulting an exceptional item in line with Ind AS 105, of Rs 1,506 crore
• The financial numbers are, therefore, adjusted for this exceptional item

NE BUSINESS BUREAU

AHMEDABAD, JULY 26

Adani Energy Solutions Limited (AESL), part of the globally diversified Adani portfolio and the largest private transmission and distribution company in India with a growing smart metering portfolio, has on Thursday announced that its revenue from operations grew to Rs 5,378.6 crore, up 47 percent from Rs 3,663.91 crore in the year-ago period.

Its earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 30 percent to Rs 1,628 crore.

The company booked a one-time charge of Rs 1,506 crore due to the divestment of the power plant.

Adani Electricity Mumbai Limited (AEML), a subsidiary, has approved selling the power plant to a related party for Rs 815 crore, significantly lower than the book value of Rs 2,321.02 crore. The deal is still subject to necessary regulatory approvals, Adani Energy said.

Revenue growth of 47 percent, boosted by contribution from the recently commissioned Warora Kurnool, Karur, Kharghar-Vikhroli, and Khavda-Bhuj transmission lines, was supported by higher energy consumption in AEML and MUL and contribution from smart metering business, the company said.

It added 190 circuit kilometers during the quarter and ended the quarter with a total transmission network of 21,187 circuit kilometers.

“AESL remains steadfast with commissioning of new lines, along with strong energy demand growth in its distribution areas of AEML and MUL. We are further contributing to decarbonization of the power distribution in Mumbai by way of 37% renewable power penetration in Mumbai. We remain focused on recognizing and tapping market opportunities within the areas of interest and lead energy transition in India. We take pride in our contribution to developing critical transmission infrastructure, to facilitate renewable evacuation (e.g. Khavda) and as well as strengthening the existing grid and driving energy efficiency in India through its smart metering program. We are also pleased to share that prestigious agency like the FTSE have upgraded our ESG score in the FTSE4Good Index to 4.4, with environment score being the key improvement area. This demonstrates our unwavering dedication to reduce environmental impact and promote sustainable practices,” said Anil Sardana, MD, Adani Energy Solutions.

Q1 FY25 Highlights

Consolidated Financial Performance                       (Rs crore)

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