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Adani Energy Solutions Limited Q2 FY27 earnings call summary

NSE: ADANIENSOL · BSE: 539254

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

AESL's Q2 FY27 total income grew over 50% and PAT 145%, with transmission capex guided at about ₹14,000 cr for the year.

Key takeaways

  1. Quarter Total income grew over 50%, EBITDA close to 67% and PAT 145% year on year.
  2. Capex Transmission capex guided at about ₹14,000 cr for the year, with ₹8,000-9,000 cr in H2.
  3. Smart meters FY27 installation plan cut to 80-90 lakh meters from the earlier 10 million guidance.
  4. Energy Solutions Platform revenue over ₹2,000 cr and EBITDA over ₹800 cr, with merchant volumes shifting to long-term PPAs.
  5. Execution Halvad transmission line is held up by right-of-way problems, with resolution awaited.

Original filing on BSE

Adani Energy Solutions Limited Q2 FY27 results

As filed: Revenue ₹10,076 cr (+53% year on year), EBITDA ₹3,101 cr (+35% year on year), PAT ₹1,364 cr (+145% year on year), EBITDA margin 30.8% (−393 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: 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). Score 73 of 100, Above trend. Revenue and EBITDA growth were above the company's own trend; profit growth was well above it. EBITDA margin fell 297 bps year on year. Tax rate 11%. Consolidated profit +129% but standalone -69%. Revenue grew on the previous quarter, against its usual seasonal pattern. Revenue rose ₹2,892 cr on a year ago, more than the ₹1,440 cr it added the year before. Share price after the results: −10.5% in 30 days (Nifty 500: +0.7%).
  • 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: −6.9% in 30 days (Nifty 500: +3.3%).
  • 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.

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.