Adani Energy Solutions Q3FY25 Results: Adani Energy Solutions Limited released its third quarter (Q3FY25) results on Thursday. The company’s profit stood at Rs 561.78 crore, which is 72.91% more than Rs 324.90 crore in the third quarter of the last financial year (Q3FY24). This information has been given by Adani Energy Solutions in a regulatory filing.
39.2% increase in EBITDA
The company’s revenue from operations stood at Rs 5830.26 crore, which is 27.78% more than Rs 4562.73 crore in the same period last year. Apart from this, the company’s earnings before interest, tax, depreciation and amortization (EBITDA) increased by 39.2% to Rs 2215.7 crore. This earning was Rs 1,527.2 crore in the same quarter of the last financial year.
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Margin was 36.5%
The company’s margin in the third quarter of the current financial year was 36.5 percent, which was 33.5 percent in the last financial year. The total income of the company increased to Rs 6,000.39 crore in the third quarter of the current financial year, which was Rs 4,824.42 crore in the same period last year. Adani Energy Solutions’ revenue from operations increased by 27.78 percent to Rs 5,830.26 crore from Rs 4,562.73 crore in the same period of the last financial year.
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Value of projects being built increased more than 3 times to Rs 54,761 crore
The company said that five new projects have been achieved so far this year. With this, the total value of under-construction projects pipeline increased to Rs 54,761 crore in the third quarter of the current financial year, which was Rs 17,000 crore at the beginning of the financial year.
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Smart meter installation and energy demand
The company has stated that Installation of smart meters is being done at a rapid pace. Currently, an average of 15,000 meters are being installed per day, and this number is expected to increase to 20,000 meters per day by the next quarter. Energy demand (units sold) in Mumbai Circle (AEML) increased by 3% year-on-year this quarter, while in Mundra Utility (MUL) this growth was recorded by 30%. Shares of the company closed at Rs 805.10 per share on NSE, up by Rs 2.30 or about 0.29%.
