Despite the fall in profit, revenue from operations saw a 7% year-on-year increase to Rs 6,596 crore. However, on a sequential basis, revenue fell 3%, with the company’s transmission and distribution businesses accounting for the bulk of the turnover.
Segment-wise, the September quarter revenue comprised Rs 2,372 crore from transmission, Rs 3,118 crore from distribution, and Rs 182 crore from the smart metering business.
The company noted a rise in expenses during the quarter, with total expenditure increasing to Rs 5,688 crore, compared to Rs 5,694 crore in the corresponding period a year ago.
Operating profit before exceptional items, tax, and deferred assets came in at Rs 746 crore, improving from Rs 658 crore in the previous quarter and Rs 594 crore in the same period last year.
According to the company, the increase in Q2 revenue was largely due to a full contribution from transmission assets and growing energy demand in distribution circles, along with contributions from the smart metering business.The company has been actively expanding its presence across smart metering, cross-country transmission, and distribution assets. Capital expenditure for the first half of FY26 rose by 1.36 times to Rs 5,976 crore, compared to Rs 4,400 crore in the year-ago period.During this time, Adani Energy Solutions commissioned three transmission projects: Khavda Phase II Part-A, Khavda Pooling Station – 1 (KPS-1), and the Sangod transmission project.
On Monday, the shares of Adani Energy closed flat at Rs 946 on the BSE.
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