Adani Energy Solutions Ltd, previously generally known as Adani Transmission, on Tuesday reported a steep year-on-year (YoY) boost of 172.2 per cent in its second quarter revenue for the monetary yr 2024-25 (Q2 FY25). In the course of the quarter beneath analyze, revenue after tax (PAT) got here in at Rs 773 crore as towards Rs 284 crore within the year-ago interval.
The corporate mentioned its whole takings noticed a strong boost of 69 per cent (Rs 6,360 crore) due to newly commissioned transmission belongings (KVTL, KBTL, WKTL traces), partial completion of traces beneath development initiatives (MP-II). ) and gasoline gross sales elevated due to sturdy demand boost in distribution enterprise in Mumbai and Mundra and growing contribution from good metering enterprise.
EBITDA rose 31 p.c to Rs 1,891 crore within the quarter pushed by sturdy takings boost throughout all segments, EPC takings in transmission, treasury takings and distribution enterprise.
“Working EBITDA ended 19 per cent larger at Rs 1,626 crore in Q2 FY25. Transmission enterprise continues to keep trade main working EBITDA margin of 92 per cent,” Adani Energy Solutions mentioned.
“The corporate is concentrated on well timed mission commissioning and reaching operational effectivity. Energy demand developments in utilities and new transmission mission wins are very encouraging and we’re making progress with implementation of good meters in all our contracts. Our confidence milestones are profitable decommissioning of Dahanu thermal plant consistent with our dedication and 39 p.c in Mumbai. Attaining an all-time excessive share of renewable electrical energy penetration strengthens our place as a real power transition chief in India,” mentioned Kandarp Patel, CEO, Adani Energy Solutions.
Shares of Adani Energy final traded down 1.72 p.c at Rs 1,000.
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