Despite the decline in profits, operating revenues saw a 7% year-on-year increase to Rs 6,596 crore. However, on a sequential basis, sales declined 3%, with the company’s transmission and distribution businesses accounting for the majority of sales.
By segment, revenue in the September quarter was Rs 2,372 crore from transmission, Rs 3,118 crore from distribution and Rs 182 crore from the smart meter business.
The company noted an increase in expenses during the quarter, with total expenses rising to Rs 5,688 crore, compared to Rs 5,694 crore in the corresponding period a year ago.
Operating profit before exceptional items, taxes and deferred assets stood at Rs 746 crore, an improvement from Rs 658 crore in the previous quarter and Rs 594 crore in the same period last year.
According to the company, the increase in sales in the second quarter was largely due to a full contribution from transmission assets and growing energy demand in distribution circuits, together with contributions from the smart metering business. The company has been actively expanding its presence in smart meters, cross-country transmission and distribution assets. Capital expenditure for the first half of FY26 rose 1.36 times to Rs 5,976 crore, compared to Rs 4,400 crore in the year-ago period. During this period, Adani Energy Solutions commissioned three transmission projects: Khavda Phase II Part-A, Khavda Pooling Station – 1 (KPS-1) and the Sangod transmission project.
On Monday, shares of Adani Energy closed flat at Rs 946 on the BSE.
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