Adani Energy Solutions quarterly results and financials

Adani Energy Solutions (ADANIENSOL)₹1,439−0.75%(9 Nov 2026 close)Power Distribution

Key facts

In the Sep 2026 quarter (consolidated), Adani Energy Solutions reported sales of ₹10,091 Cr, up 52.9% from Sep 2025, and net profit of ₹1,359 Cr, up 144.8% year on year. For the year to Mar 2026, sales were ₹27,613 Cr and net profit ₹2,384 Cr.

Sales (Sep 2026): ₹10,091 Cr
Net profit (Sep 2026): ₹1,359 Cr
Sales (FY Mar 2026): ₹27,613 Cr
Net profit (FY Mar 2026): ₹2,384 Cr
EPS (Sep 2026): ₹10.83
Borrowings (Mar 2026): ₹49,128 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Adani Energy Solutions quarterly results

₹ crore unless stated; each column is a quarter.

Adani Energy Solutions Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	4,563	4,709	5,380	6,188	5,838	6,380	6,827	6,598	6,738	7,450	9,724	10,091
Expenses	3,102	3,150	3,739	4,480	4,183	4,349	5,021	4,653	4,744	5,311	6,722	6,992
Operating Profit	1,476	1,571	1,658	1,721	1,667	2,047	1,818	1,962	2,002	2,154	3,019	3,112
OPM %	32.0%	33.0%	31.0%	28.0%	28.0%	32.0%	27.0%	30.0%	30.0%	29.0%	31.0%	31.0%
Other Income	261	203	−1,391	176	169	221	205	170	214	226	170	446
Interest	757	747	808	810	806	823	890	869	909	951	1,147	1,176
Depreciation	457	467	497	483	461	461	464	508	495	507	584	599
Profit before tax	514	551	−1,051	593	558	972	657	745	800	909	1,440	1,764
Tax %	31.9%	31.0%	12.9%	−30.0%	−12.1%	26.9%	17.9%	24.9%	28.0%	21.0%	14.0%	22.9%
Exceptional items	0.00	0.00	−1,369	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	347	380	−1,188	771	623	711	537	555	572	720	1,233	1,359
EPS (Rs)	2.92	3.23	−7.40	5.63	4.69	5.40	4.28	4.45	4.61	5.70	9.58	10.83

Adani Energy Solutions profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Adani Energy Solutions Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2,196	2,880	3,947	7,311	11,417	9,934	11,259	13,294	16,615	23,786	27,613	34,003
Expenses	268	895	1,121	4,537	7,172	5,996	7,070	8,797	10,928	16,755	19,632	23,769
Operating Profit	1,934	1,991	2,839	2,787	4,277	3,967	4,222	4,532	5,730	7,092	8,039	10,287
OPM %	88.0%	69.0%	72.0%	38.0%	37.0%	40.0%	37.0%	34.0%	34.0%	30.0%	29.0%	30.3%
Other Income	69.73	21.91	111	335	260	1,112	1,282	1,578	609	−824	719	1,056
Interest	953	900	882	1,386	2,229	2,107	2,356	2,771	2,754	3,248	3,621	4,183
Depreciation	559	568	578	881	1,171	1,327	1,425	1,605	1,772	1,902	1,973	2,185
Profit before tax	479	532	1,470	839	1,105	1,618	1,697	1,708	1,777	1,073	3,113	4,914
Tax %	22.9%	22.0%	21.9%	33.0%	35.9%	19.9%	26.9%	25.0%	33.0%	13.9%	23.0%	—
Exceptional items	0.00	0.00	9.01	0.00	−3.01	0.00	0.00	0.00	94.10	−1,232	43.04	0.00
Net Profit	366	415	1,138	557	704	1,285	1,231	1,276	1,192	918	2,384	3,885
EPS (Rs)	3.36	3.80	10.40	5.09	6.75	11.12	10.96	11.27	10.19	8.83	19.02	30.72
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Adani Energy Solutions balance sheet

₹ crore, at each year end.

Adani Energy Solutions Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	1,086	1,097	1,097	1,097	1,097	1,097	1,098	1,097	1,113	1,112	1,197	1,197
Reserves	−7.01	1,568	1,842	4,946	6,922	7,378	7,803	8,795	10,614	11,497	20,818	24,144
Borrowings	9,688	8,586	8,971	10,424	20,137	24,243	27,116	29,922	34,274	37,039	39,900	49,128
Other Liabilities	705	487	886	777	4,358	6,933	7,184	7,613	7,875	8,785	11,851	18,066
Total Liabilities	11,472	11,737	12,795	17,243	32,512	39,651	43,203	47,427	53,876	58,433	73,766	92,537
Fixed Assets	10,557	10,056	9,838	9,283	24,389	24,894	26,981	30,255	32,625	38,854	39,514	46,722
CWIP	10.03	259	1,347	2,359	697	2,221	5,274	5,080	6,216	3,015	5,717	2,061
Investments	0.00	20.03	105	0.00	337	314	443	562	1,371	767	2,640	2,649
Other Assets	905	1,401	1,504	5,600	7,092	12,223	10,505	11,530	13,663	15,797	25,896	41,105
Inventories	21.01	21.99	38.99	34.99	366	541	234	250	152	255	625	669
Trade receivables	448	181	189	257	719	996	1,011	1,067	1,432	3,731	4,201	5,714
Cash & equivalents	15.01	151	393	666	703	2,300	1,291	1,394	1,706	2,230	3,621	3,952
Total Assets	11,472	11,737	12,795	17,243	32,512	39,651	43,203	47,427	53,876	58,433	73,766	92,537

Adani Energy Solutions cash flow

₹ crore, for each year.

Adani Energy Solutions Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−35.14	1,549	2,196	2,204	2,600	5,458	3,795	4,107	3,788	6,059	9,074	11,036
Cash from investing activity	−1,867	−817	−1,733	−3,199	−3,055	−5,649	−4,015	−3,940	−4,706	−4,948	−15,255	−14,112
Cash from financing activity	1,896	−720	−454	1,584	37.85	1,246	−742	−234	920	−541	7,598	2,623
Net cash flow	2.99	5.99	3.99	595	−420	1,043	−967	−74.90	1.99	550	1,447	−455
Capex	195	736	1,364	963	1,202	2,769	3,966	4,202	4,716	5,443	9,410	14,473
Free cash flow	−228	810	829	1,236	1,393	2,673	−168	−93.95	−925	608	−334	−3,435
CFO / OP %	−19.9%	84.1%	119.0%	89.1%	100.0%	132.1%	102.0%	104.0%	89.0%	111.1%	131.1%	143.1%

Adani Energy Solutions ratios

Working-capital days and returns, by year.

Adani Energy Solutions Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	1,256	31	25	25	37	33	38	36	40	83	66	77
Cash conversion cycle	1,255	30	24	24	36	32	37	35	39	82	65	76
Working capital days	−11,795	−472	−127	−114	−174	15	−121	−96	−77	−56	−33	−49
ROCE %	1.0%	13.1%	12.0%	17.0%	10.1%	11.1%	11.1%	10.0%	10.0%	9.0%	10.1%	10.0%

Adani Energy Solutions: frequently asked questions

What are the latest quarterly results of Adani Energy Solutions?

For the Sep 2026 quarter, Adani Energy Solutions reported sales of ₹10,091 Cr, up 52.9% year on year and net profit of ₹1,359 Cr, up 144.8% year on year. The operating margin was 31.0%.

What is the annual revenue of Adani Energy Solutions?

Adani Energy Solutions' sales for the year to Mar 2026 were ₹27,613 Cr; over the last twelve months they were ₹34,003 Cr.

What is the net profit of Adani Energy Solutions?

Net profit for the year to Mar 2026 was ₹2,384 Cr, and ₹3,885 Cr over the last twelve months. Earnings per share over the same trailing period were ₹30.72.

How much debt does Adani Energy Solutions have?

Adani Energy Solutions reported borrowings of ₹49,128 Cr at Mar 2026, against cash and equivalents of ₹3,952 Cr.

What is the free cash flow of Adani Energy Solutions?

Cash from operations was ₹11,036 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹3,435 Cr.

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