AESL reports strong Q3 and nine month growth, smart meters cross 9.25 million

Adani Energy Solutions Limited (AESL) announced its unaudited financial and operational results for the quarter and nine months ended December 31, 2025, on January 22, 2026. The company reported year-on-year growth across key financial indicators and a record cumulative installation of 9.25 million smart meters.

For the quarter ended December 31, 2025, AESL posted consolidated total income of Rs 6,945 crore, up 15.7% from the corresponding period last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 20.7% year on year to Rs 2,210 crore. For the nine month period ended December 31, 2025, total income increased 16.2% to Rs 20,737 crore, while EBITDA grew 15.9% to Rs 6,354 crore.

Adjusted profit after tax (PAT) for Q3 FY26 stood at Rs 574 crore, marking a 30.4% increase after adjusting for a one time deferred tax benefit in the previous year. For 9MFY26, adjusted PAT rose 34.4% year on year to Rs 1,670 crore. Capital expenditure during the nine month period reached Rs 9,294 crore, representing a 1.24x increase over the previous year.

On the operational side, AESL commissioned four transmission projects during 9MFY26, taking its total transmission network to 27,901 circuit kilometers. In the smart metering segment, the company installed 6.12 million meters during the nine month period, raising cumulative installations to 9.25 million. AESL stated that it remains on track to exceed its guidance of 10 million cumulative smart meter installations by the end of the financial year.

The company reported that its aggregate transmission project pipeline under construction stands at Rs 77,787 crore. Its smart metering order book covers 24.6 million meters, with an estimated revenue potential of Rs 29,519 crore.

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