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Adani Energy Solutions Limited Q3 FY26 earnings call summary

NSE: ADANIENSOL · BSE: 539254

Earnings call of 23 Jan 2026, summarised by AI from the filing.

AESL Q3 FY26 income up 16%, EBITDA ₹2,200 cr; guides ₹25,000 cr capitalization in next 12-15 months.

Key takeaways

  1. Capitalization guidance ₹25,000 cr capitalization expected in next 12-15 months from 7 projects.
  2. Capex revision FY26 capex lowered to ₹14,500-15,000 cr from ₹16,000 cr due to project spillover.
  3. Execution risk Abnormal rain and ROW issues delayed projects; Jamnagar delayed by 1-1.5 months.

Original filing on BSE

Adani Energy Solutions Limited Q1 FY27 results

As filed: Revenue ₹9,711 cr (+42% year on year), EBITDA ₹3,008 cr (+30% year on year), PAT ₹1,237 cr (+129% year on year), EBITDA margin 31.0% (−297 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹7,443 cr (+17% year on year), EBITDA ₹2,145 cr (−5% year on year), PAT ₹723 cr (+5% year on year), EBITDA margin 28.8% (−649 bps). Score 29 of 100, Below trend. Revenue and profit growth were below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 649 bps year on year. Share price after the results: +0.5% in 29 days (Nifty 500: −0.7%).
  • Q3 FY26: Revenue ₹6,730 cr (+15% year on year), EBITDA ₹2,336 cr (+10% year on year), PAT ₹574 cr (−8% year on year), EBITDA margin 34.7% (−174 bps). Score 33 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 174 bps year on year. Revenue rose ₹900 cr on a year ago, against ₹1,267 cr the year before. Share price after the results: +14.2% in 29 days (Nifty 500: +1.7%).
  • Q2 FY26: Revenue ₹6,596 cr (+7% year on year), EBITDA ₹2,289 cr (+28% year on year), PAT ₹557 cr (−28% year on year), EBITDA margin 34.7% (+581 bps). Score 51 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA growth was in line with it. EBITDA margin rose 581 bps year on year. Revenue fell 3% from last quarter. Revenue rose ₹412 cr on a year ago, against ₹2,510 cr the year before. Share price after the results: +4.7% in 30 days (Nifty 500: +0.5%).
  • Q1 FY26: Revenue ₹6,819 cr (+27% year on year), EBITDA ₹2,315 cr (+3% year on year), PAT ₹539 cr, EBITDA margin 34.0% (−779 bps). Score 45 of 100, In line with trend. EBITDA margin fell 779 bps year on year. Tax rate 10%. Not enough history for a trend yet: scored on growth alone. Profit fell 22% from last quarter. Share price after the results: −7.3% in 29 days (Nifty 500: −1.9%).
  • Q4 FY25: Revenue ₹6,375 cr (+35% year on year), EBITDA ₹2,251 cr (+44% year on year), PAT ₹687 cr (+80% year on year), EBITDA margin 35.3% (+204 bps). Score 90 of 100, Above trend. EBITDA margin rose 204 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −6.6% in 29 days (Nifty 500: +2.4%).
  • Q3 FY25: Revenue ₹5,830 cr (+28% year on year), EBITDA ₹2,125 cr (+39% year on year), PAT ₹625 cr (+80% year on year), EBITDA margin 36.5% (+298 bps). Score 84 of 100, Above trend. EBITDA margin rose 298 bps year on year. Tax rate -6%. Not enough history for a trend yet: scored on growth alone. Revenue fell 6% from last quarter.
  • Q2 FY25: Revenue ₹6,184 cr (+68% year on year), EBITDA ₹1,787 cr (+19% year on year), PAT ₹773 cr (+172% year on year), EBITDA margin 28.9% (−1,000 bps). Score 63 of 100, In line with trend. EBITDA margin fell 1000 bps year on year. Other income 26% of PBT. Tax rate -27%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Adani Energy Solutions Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.