Bad news for Gautam Adani as his company’s net profit dips to Rs…
In the first half of this year, the company commissioned three transmission projects.
Indian billionaire Gautam Adani continues to expand his business empire. The 63-year-old man runs Adani Group as chairman. The Group has a presence in many sectors including Energy. According to PTI’s report, Adani Energy Solutions’ consolidated net profit in the September quarter fell 28 percent to 557.10 billion rupees. This is mainly due to a one-off adjustment of deferred tax of R314 billion in last year’s period. Adani Energy Solutions Ltd (AESL) had reported a net profit of Rs 773 billion in the July-September quarter of the last financial year.
“Reported PAT has been adjusted for the one-time positive impact of deferred tax of Rs 314 billion in Q2 last year for like-for-like comparison,” the company said in a statement. he said. The company’s total revenue increased by 6.4 percent to Rs 6,767 billion from Rs 6,360 billion in the previous year. Its total expenses amounted to 5.687 billion rupees; this was marginally lower than 5.693 billion rupees in the previous year quarter.
1stH26 Earnings
The company’s capital expenditure increased by 1.36 times in the first half of FY26 to Rs 5,976 Million as compared to Rs 4,400 Million in the first half of FY25. Total revenue of 13,793 billion rupees in the first half of the fiscal year and 6,767 billion rupees in the second fiscal year increased by 16.4 percent and 6.4 percent, respectively, due to stable operating performance in business segments and higher SCA (service franchise agreement) revenue. In the first half of this year, the company commissioned three transmission projects: Khavda Phase II Part-A, Khavda Pooling Station – 1 (KPS-1) and Sangod transmission.
About Adani Energy Solutions
Adani Energy is the country’s largest private transmission company with a presence in 16 states of India and a cumulative transmission network of 26,705 ckm and conversion capacity of 97,236 MVA.
Adani Energy share price
Shares of Adani company closed at Rs 945.05 on NSE on Monday. The market capitalization of the company stands at 1.14 lakh crore rupees as of October 27.
