Adani Energy Solutions Limited (AESL) reported total income of ₹10,239 crore for the second quarter of FY27, an increase of 51% year-on-year. Operational revenue also rose 51% to ₹7,167 crore, supported by contributions from its transmission and energy solutions businesses.
EBITDA for Q2 FY27 increased 67% to ₹3,548 crore, while operational EBITDA grew 68% to ₹3,070 crore. For the first half of FY27, total EBITDA reached a record ₹6,726 crore, up 62%, and operational EBITDA rose 70% to ₹5,878 crore. Kandarp Patel, CEO of Adani Energy Solutions, said the company had expanded its active transmission order book to approximately ₹87,000 crore through the addition of the Vizag and Satara transmission projects. He also highlighted growth in Mumbai electricity distribution, the expansion of the smart metering business and a 2,500 MW round-the-clock power supply agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL).
AESL has 15 transmission projects worth approximately ₹87,000 crore under execution, while the near-term transmission tendering opportunity is estimated at ₹1.4 lakh crore. Average system availability remained above 99.8% during the quarter. Strong line availability generated ₹61 crore in incentive income during the first half.
In Mumbai, Adani Electricity Mumbai Limited (AEML) maintained 99.99% supply reliability. Electricity sales increased 11% to 2,930 million units in Q2 FY27 from 2,650 million units a year earlier. AEML’s regulated asset base stood at ₹10,456 crore as of the first half, up 11% year-on-year. Distribution losses were 4.29%. At Mundra, units sold by MPSEZ (Mundra) Utility Limited rose 26% to 460 million units.
AESL had installed 14.8 million smart meters cumulatively by the end of H1 FY27. Its implementation pipeline comprises 24.6 million meters across 10 projects, with potential revenue of more than ₹29,519 crore. The company also signed a 25-year power purchase agreement with MSEDCL to supply 2,500 MW of round-the-clock power. Its supply arrangements include approximately 4.6 GW of solar and wind capacity and 3.5 GWh of battery energy storage systems.
On sustainability, AESL recorded an ESG score of 90 out of 100 in S&P Global’s latest assessment, compared with 81 previously and an industry average of 41. It also achieved Intertek-verified Zero Waste to Landfill status, diverting more than 600,000 kg of waste. AEML retained an A+ rating in the REC Consumer Service Rating of DISCOMs.
AESL operates across power transmission, electricity distribution, smart metering and cooling solutions. It has a transmission network of 29,802 circuit kilometres and transformation capacity of 143,425 MVA across 16 Indian states. Its distribution businesses serve more than 13 million consumers in Mumbai and the Mundra SEZ industrial area.
