Adani Energy Solutions (ADANIENSOL) Q3 23/24 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2023, with statutory auditor review completed.

• Results reflect continued operations in transmission, generation, and trading, with recent acquisition activity and regulatory updates.

Financial highlights

• Consolidated revenue from operations for Q3 FY24 was ₹10,985.33 crore, up from ₹9,357.78 crore year-over-year.

• Consolidated net profit after tax for Q3 FY24 stood at ₹348.25 crore, compared to ₹478.07 crore in Q3 FY23.

• Standalone net profit for Q3 FY24 was ₹114.33 crore, up from ₹99.10 crore in Q3 FY23.

• EBITDA margin (consolidated) for Q3 FY24 was 32.23%, down from 36.75% in Q3 FY23.

• Basic and diluted EPS (consolidated) for Q3 FY24 was ₹2.92, compared to ₹4.26 in Q3 FY23.

Outlook and guidance

• Transaction for acquisition of Essar Power Transmission Company Limited's Stage II assets expected to complete by March 2024, pending regulatory approvals.

• Supreme Court directed SEBI to complete two pending investigations within three months; management maintains compliance with laws.