Adani Energy Solutions Limited (AESL), part of the globally diversified Adani portfolio and the largest private transmission and distribution company in India with a large smart metering portfolio, on Thursday announced its financial and operational performance for the quarter and year ended March 31, 2025.
Kandarp Patel, CEO, Adani Energy Solutions, said that AESL delivered strong operating and financial performance in FY25 backed by its distinguished ability to execute the complex projects, compete and outperform peers in the project bids and remain financially prudent at the same time.
“As we embark on the next fiscal year, the company remains focused on incremental project commissioning, significantly increase the meter installation as well as achieving operating efficiencies in all lines of businesses. The integrated business model and underlying power demand trends in our areas of operation are encouraging and complements our capital allocation policy,” he said.
Patel said that the robust growth of 42 percent in total revenue of Rs. 24,447 crore in FY25 is attributed to the contribution of recently commissioned transmission projects, strong power sales in Mumbai and Mundra Utilities and Smart Metering business, which is the highest ever.
Consolidated EBITDA during FY25 grew by 23 percent to Rs. 7,746 crore, resulting in robust revenue growth in the distribution business with a stable regulatory EBITDA of Rs. 2,611 crore, driven by RAB expansion, regulatory income of Rs. 148 crore and higher treasury income. Consolidated EBITDA for the period grew by 28 percent, supported by revenue growth, with a strong regulatory EBITDA of Rs. 2,262 crore in the distribution business, up 39 percent from Rs. 873 crore in the last quarter. FY2025 ended with a 15 percent increase in operational EBITDA of Rs. 6,571 crore on a year-on-year basis.
The transmission business maintained an industry-leading operating EBITDA margin of 92 percent.
The growth in EBITDA after tax to Rs. 2,427 crore in FY25 is 103 percent YoY and is mainly due to reverse relief of Rs. 469 crore from divestment of AEML’s fuel plant and regulatory income of Rs. 148 crore in transmission and distribution business.
With two new transmission projects in the fourth quarter – Navinal (Mundra) Phase I Part B1 and Mahan Transmission Ltd., the company’s total order book stands at Rs. 59,936 crore with seven projects with a total project cost and accrual of Rs. 43,990 crore in FY25.
Capex has increased 2x to Rs. 11,444 crore in FY25 from Rs. 5,613 crore in FY24, with smart meter installation reaching 31.3 lakh. The company’s leverage position is at a favourable level with net debt to EBITDA at 3.2x, in line with guidance. The company’s market share remained at 28 percent with participation in unprecedented transmission bidding activity of Rs. 1,61,540 crore in FY25. The tendering pipeline in the near term is Rs. 54,000 crore, he added.
Also Read: ‘Punishment These Terrorists Would’Ve Never Even Thought About’: PM Modi Reacts To Pahalgam Attack https://www.vibesofindia.com/punishment-these-terrorists-wouldve-never-even-thought-about-pm-modi-reacts-to-pahalgam-attackpunishment-these-terrorists-wouldve-never-even-thought-about-pm-modi-reacts-to/
