About Adani Energy Solutions Limited
Data last updated: 22 December 2025
Adani Energy Solutions Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in power transmission and distribution services, a part of the broader energy and power sector. Incorporated on 09 December 2013, the company has been in operation for over 13 years.
Registered with ROC Ahmedabad under CIN L40300GJ2013PLC077803. Listed on BSE: 539254 and NSE: ADANITRANS.
Capital: an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹1,201.28 Cr. It is led by directors including Chandra Iyengar and Anil Ahuja Satya.
Last AGM: 25 June 2025. Financial statements filed for year ended 31 March 2025. Office: Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹24,447 Cr, a growth of 42% compared to the previous year.
The company has a workforce of approximately 5 employees as per the latest available data. Its group structure includes 61 subsidiaries.
The company is associated with 2 brands - Adani Energy Solutions, Adani Group. As per MCA filings, the company has open charges of ₹79,597 Cr and satisfied charges of ₹57,229 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adani.com.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
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IndustryEnergy and Power, Power Transmission & Distribution Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Adani Energy Solutions Limited
Adani Energy Solutions Limited has one previous CIN (Corporate Identification Number): U40300GJ2013PLC077803. The current CIN is L40300GJ2013PLC077803, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40300GJ2013PLC077803 | Current |
| U40300GJ2013PLC077803 | Previous |
Associated Brands with Adani Energy Solutions Limited
Adani Energy Solutions Limited operates two associated brands: Adani Energy Solutions and Adani Group. These brands represent Adani Energy Solutions Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Power transmission operations are conducted across Indian regions. | adanienergysolutions.com | |
| Diversified operations are conducted across multiple industries worldwide. | adani.com |
Business Activity of Adani Energy Solutions Limited
Adani Energy Solutions Limited is engaged in principal business activities including electricity, gas, steam and air condition supply and trade, with detailed activities including electric power generation, transmission and distribution, wholesale trading. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | ********* |
| G | Trade | G1 | Wholesale Trading | ********* |
Auditor Details of Adani Energy Solutions Limited
Adani Energy Solutions Limited is audited by M/s. Walker Chandiok & Co LLP (ICAI peer reviewed, certificate valid till 2028-05-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s. Walker Chandiok & Co LLP (ICAI peer reviewed, certificate valid till 2028-05-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Adani Energy Solutions Limited
Adani Energy Solutions Limited is currently managed by 12 directors, with 22 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Chandra Iyengar
Also directs:
Adani Energy Solutions Limited, Adani Electricity Mumbai Limited, Gk Energy Limited and 1 more
|
Director | 31 May 2025 | 1 Years 1 Months | Current |
|
Anil Ahuja Satya
Also directs:
Adani Energy Solutions Limited
|
Additional Director | 29 Nov 2025 | 0 Years 7 Months | Current |
|
Kunjal Mahendra Mehta
Also directs:
Adani Energy Solutions Limited, Adani Electricity Navi Mumbai Limited, Adani Electricity Mumbai Infra Limited and 5 more
|
Cfo | 01 Apr 2024 | 2 Years 3 Months | Current |
| Lisa Caroline Maccallum | Director | 30 Nov 2021 | 4 Years 7 Months | Current |
|
Kandarp Suryakant Patel
Also directs:
Adani Energy Solutions Limited, Adani Electricity Mumbai Infra Limited, Aeml Seepz Limited and 3 more
|
Whole-Time Director | 25 Jun 2025 | 1 Years 0 Months | Current |
|
Anil Kumar Sardana
Also directs:
Adani Power Limited, Adani Energy Solutions Limited, Adani Electricity Navi Mumbai Limited and 5 more
|
Managing Director | 10 May 2018 | 8 Years 1 Months | Current |
Financials of Adani Energy Solutions Limited FY 2026 filings available
Adani Energy Solutions Limited reported revenue of ₹27,588 Cr (up 16.08% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹27,588 Cr | ₹23,767 Cr | ₹16,607 Cr | ₹13,293 Cr | ₹11,258 Cr | ₹9,926.33 Cr |
| Other Income | ₹737.13 Cr | ₹679.46 Cr | ₹610.95 Cr | ₹547.74 Cr | ₹603.95 Cr | ₹532.6 Cr |
| Total Income | ₹28,325 Cr | ₹24,447 Cr | ₹17,218 Cr | ₹13,840 Cr | ₹11,861 Cr | ₹10,459 Cr |
| Cost of Materials Consumed | ₹6,347.88 Cr | ₹5,584.14 Cr | ₹5,459.39 Cr | ₹5,224.16 Cr | ₹2,778.88 Cr | ₹2,887.07 Cr |
| Purchases of Stock-in-Trade | ₹1,004.14 Cr | ₹1,365.74 Cr | ₹1,028.95 Cr | ₹755.13 Cr | ₹821.23 Cr | ₹755.89 Cr |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹1,092.64 Cr | ₹1,032.94 Cr | ₹951.7 Cr | ₹986.65 Cr | ₹885.07 Cr | ₹930.76 Cr |
| Finance Costs | ₹3,632.9 Cr | ₹3,259.16 Cr | ₹2,766.51 Cr | ₹2,781.47 Cr | ₹2,364.95 Cr | ₹2,116.99 Cr |
| Depreciation & Amortisation | ₹1,978.23 Cr | ₹1,905.95 Cr | ₹1,776.08 Cr | ₹1,607.74 Cr | ₹1,427.15 Cr | ₹1,328.88 Cr |
| Other Expenses | ₹10,059 Cr | ₹7,377 Cr | ₹2,996.11 Cr | ₹1,809.17 Cr | ₹2,566.17 Cr | ₹1,402.25 Cr |
| Total Expenses | ₹24,115 Cr | ₹20,525 Cr | ₹14,979 Cr | ₹13,164 Cr | ₹10,843 Cr | ₹9,421.84 Cr |
| Profit Before Exceptional Items & Tax | ₹4,210.4 Cr | ₹3,921.62 Cr | ₹2,239.57 Cr | ₹676.14 Cr | ₹1,018.02 Cr | ₹1,037.09 Cr |
| Exceptional Items | ₹0 | -₹1,506.02 Cr | -₹460.01 Cr | ₹1,035.58 Cr | ₹682.47 Cr | ₹582.81 Cr |
| Profit Before Tax | ₹4,210.4 Cr | ₹2,415.6 Cr | ₹1,779.56 Cr | ₹1,711.72 Cr | ₹1,700.49 Cr | ₹1,619.9 Cr |
| Total Tax Expense | ₹722.09 Cr | ₹178.99 Cr | ₹580.13 Cr | ₹435.33 Cr | ₹436.06 Cr | ₹424.23 Cr |
| Net Profit | ₹2,392.75 Cr | ₹921.69 Cr | ₹1,195.61 Cr | ₹2,316.18 Cr | ₹1,946.9 Cr | ₹1,289.57 Cr |
| attributable to Owners | ₹2,282.54 Cr | ₹1,059.97 Cr | ₹1,137.28 Cr | ₹1,256.33 Cr | ₹1,204.61 Cr | ₹1,224.04 Cr |
| attributable to NCI | ₹110.21 Cr | -₹138.28 Cr | ₹58.33 Cr | ₹24.27 Cr | ₹31.14 Cr | ₹65.53 Cr |
| Other Comprehensive Income | ₹1,121.63 Cr | ₹186.16 Cr | -₹282.47 Cr | -₹301.63 Cr | -₹251.75 Cr | -₹146.4 Cr |
| Total Comprehensive Income | ₹3,514.38 Cr | ₹1,107.85 Cr | ₹913.14 Cr | ₹2,014.55 Cr | ₹1,695.15 Cr | ₹1,143.17 Cr |
| EBITDA (computed) | ₹9,821.53 Cr | ₹9,086.73 Cr | ₹6,782.16 Cr | ₹5,065.35 Cr | ₹4,810.12 Cr | ₹4,482.96 Cr |
| Basic EPS | ₹24.68 | ₹16.14 | ₹12.87 | ₹11.10 | ₹8.90 | ₹9.02 |
| Diluted EPS | ₹24.68 | ₹16.14 | ₹12.87 | ₹11.10 | ₹8.90 | ₹5.75 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹92,835 Cr | ₹73,960 Cr | ₹58,579 Cr | ₹53,932 Cr |
| Non-current Assets | ₹72,993 Cr | ₹57,286 Cr | ₹48,961 Cr | ₹45,025 Cr |
| Current Assets | ₹17,826 Cr | ₹13,587 Cr | ₹8,046.76 Cr | ₹6,943.03 Cr |
| Property, Plant & Equipment | ₹44,227 Cr | ₹37,049 Cr | ₹36,437 Cr | ₹30,295 Cr |
| Inventories | ₹669.45 Cr | ₹625.24 Cr | ₹255.28 Cr | ₹151.91 Cr |
| Trade Receivables | ₹5,733.75 Cr | ₹4,217.86 Cr | ₹1,564.95 Cr | ₹1,437.59 Cr |
| Cash & Equivalents | ₹1,734.57 Cr | ₹2,190.38 Cr | ₹742.06 Cr | ₹190.64 Cr |
| Equity (Net Worth) | ₹26,526 Cr | ₹23,011 Cr | ₹13,703 Cr | ₹12,760 Cr |
| Equity Share Capital | ₹1,201.28 Cr | ₹1,201.28 Cr | ₹1,115.49 Cr | ₹1,115.49 Cr |
| Borrowings (Non-current) | ₹45,367 Cr | ₹36,992 Cr | ₹33,560 Cr | ₹31,330 Cr |
| Borrowings (Current) | ₹3,531.13 Cr | ₹3,213.79 Cr | ₹3,449.25 Cr | ₹2,868.45 Cr |
| Total Debt (computed) | ₹48,898 Cr | ₹40,206 Cr | ₹37,009 Cr | ₹34,199 Cr |
| Current Liabilities | ₹15,446 Cr | ₹9,922.68 Cr | ₹7,962.85 Cr | ₹7,017.29 Cr |
| Total Liabilities | ₹66,309 Cr | ₹50,949 Cr | ₹44,876 Cr | ₹41,172 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹10,997 Cr | ₹8,695.22 Cr | ₹6,037.62 Cr | ₹3,777 Cr | ₹4,096.61 Cr |
| Investing Cash Flow | -₹14,083 Cr | -₹15,228 Cr | -₹4,943.03 Cr | -₹4,698.73 Cr | -₹3,948.03 Cr |
| Financing Cash Flow | ₹2,630.32 Cr | ₹7,975.22 Cr | -₹543.24 Cr | ₹923.23 Cr | -₹234.86 Cr |
| Capital Expenditure | ₹14,432 Cr | ₹9,378.14 Cr | ₹5,429.54 Cr | ₹4,702.22 Cr | ₹4,190.86 Cr |
| Free Cash Flow (computed) | -₹3,435.12 Cr | -₹682.92 Cr | ₹608.08 Cr | -₹925.22 Cr | -₹94.25 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹85.78 Cr | ₹0 | ₹0 |
| Net Change in Cash | -₹455.81 Cr | ₹1,442.85 Cr | ₹551.34 Cr | ₹1.5 Cr | -₹86.28 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹7,443.27 Cr | ₹6,729.65 Cr | ₹6,595.83 Cr | ₹6,819.28 Cr | ₹6,374.58 Cr | ₹5,830.26 Cr | ₹6,183.7 Cr | ₹5,378.55 Cr | ₹4,706.85 Cr | ₹4,562.73 Cr | ₹3,673.87 Cr | ₹3,663.91 Cr |
| Other Income | ₹144.81 Cr | ₹214.79 Cr | ₹171.32 Cr | ₹206.21 Cr | ₹221.81 Cr | ₹170.13 Cr | ₹176.1 Cr | ₹111.42 Cr | ₹148.33 Cr | ₹261.69 Cr | ₹92.59 Cr | ₹108.34 Cr |
| Total Income | ₹7,588.08 Cr | ₹6,944.44 Cr | ₹6,767.15 Cr | ₹7,025.49 Cr | ₹6,596.39 Cr | ₹6,000.39 Cr | ₹6,359.8 Cr | ₹5,489.97 Cr | ₹4,855.18 Cr | ₹4,824.42 Cr | ₹3,766.46 Cr | ₹3,772.25 Cr |
| Cost of Materials Consumed | ₹1,515.76 Cr | ₹1,507.94 Cr | ₹1,600.51 Cr | ₹1,723.67 Cr | ₹1,332.9 Cr | ₹1,475.68 Cr | ₹1,761.03 Cr | ₹1,638.07 Cr | ₹1,268.1 Cr | ₹1,467.54 Cr | ₹1,264.06 Cr | ₹1,459.69 Cr |
| Purchases of Stock-in-Trade | ₹391.94 Cr | ₹230.69 Cr | ₹189.47 Cr | ₹192.04 Cr | ₹365.9 Cr | ₹343.77 Cr | ₹490.2 Cr | ₹165.87 Cr | ₹114.71 Cr | ₹737.46 Cr | ₹176.77 Cr | ₹1 Lakh |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹307.64 Cr | ₹317.51 Cr | ₹236.26 Cr | ₹231.23 Cr | ₹233.92 Cr | ₹229.91 Cr | ₹292.94 Cr | ₹276.17 Cr | ₹179.44 Cr | ₹259.46 Cr | ₹270 Cr | ₹242.8 Cr |
| Finance Costs | ₹954.26 Cr | ₹912.95 Cr | ₹871.66 Cr | ₹894.03 Cr | ₹826.17 Cr | ₹809.12 Cr | ₹812.94 Cr | ₹810.93 Cr | ₹749.99 Cr | ₹760.04 Cr | ₹640.81 Cr | ₹615.67 Cr |
| Depreciation & Amortisation | ₹507.81 Cr | ₹496.19 Cr | ₹509.41 Cr | ₹464.82 Cr | ₹461.65 Cr | ₹462.38 Cr | ₹484.07 Cr | ₹497.85 Cr | ₹467.51 Cr | ₹457.64 Cr | ₹432.05 Cr | ₹418.88 Cr |
| Other Expenses | ₹3,082.92 Cr | ₹2,337.77 Cr | ₹2,280.52 Cr | ₹2,357.76 Cr | ₹2,191.06 Cr | ₹1,655.59 Cr | ₹1,852.7 Cr | ₹1,054.11 Cr | ₹1,579.08 Cr | ₹570.92 Cr | ₹458.47 Cr | ₹387.64 Cr |
| Total Expenses | ₹6,760.33 Cr | ₹5,803.05 Cr | ₹5,687.83 Cr | ₹5,863.55 Cr | ₹5,411.6 Cr | ₹4,976.45 Cr | ₹5,693.88 Cr | ₹4,443 Cr | ₹4,358.83 Cr | ₹4,253.06 Cr | ₹3,242.16 Cr | ₹3,124.69 Cr |
| Profit Before Exceptional Items & Tax | ₹827.75 Cr | ₹1,141.39 Cr | ₹1,079.32 Cr | ₹1,161.94 Cr | ₹1,184.79 Cr | ₹1,023.94 Cr | ₹665.92 Cr | ₹1,046.97 Cr | ₹496.35 Cr | ₹571.36 Cr | ₹524.3 Cr | ₹647.56 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | -₹14 Lakh | ₹24 Lakh | -₹1,507.41 Cr | ₹0 | ₹0 | -₹154.43 Cr | -₹65 Lakh |
| Profit Before Tax | ₹827.75 Cr | ₹1,141.39 Cr | ₹1,079.32 Cr | ₹1,161.94 Cr | ₹1,184.79 Cr | ₹1,023.8 Cr | ₹666.16 Cr | -₹460.44 Cr | ₹496.35 Cr | ₹571.36 Cr | ₹369.87 Cr | ₹646.91 Cr |
| Total Tax Expense | ₹187.42 Cr | ₹227 Cr | ₹188.57 Cr | ₹119.11 Cr | ₹287.41 Cr | -₹66.07 Cr | -₹178.92 Cr | ₹136.57 Cr | ₹168.59 Cr | ₹166.18 Cr | ₹84.9 Cr | ₹160.46 Cr |
| Net Profit | ₹722.65 Cr | ₹574.06 Cr | ₹557.1 Cr | ₹538.94 Cr | ₹686.54 Cr | ₹625.3 Cr | ₹773.39 Cr | -₹1,190.66 Cr | ₹381.29 Cr | ₹348.25 Cr | ₹284.09 Cr | ₹181.98 Cr |
| attributable to Owners | ₹683.78 Cr | ₹552.31 Cr | ₹533.97 Cr | ₹512.48 Cr | ₹647.15 Cr | ₹561.78 Cr | ₹674.96 Cr | -₹823.92 Cr | ₹361.44 Cr | ₹324.9 Cr | ₹275.88 Cr | ₹175.06 Cr |
| attributable to NCI | ₹38.87 Cr | ₹21.75 Cr | ₹23.13 Cr | ₹26.46 Cr | ₹66.51 Cr | ₹63.52 Cr | ₹98.43 Cr | -₹366.74 Cr | ₹19.85 Cr | ₹23.35 Cr | ₹8.21 Cr | ₹6.92 Cr |
| Other Comprehensive Income | ₹655.95 Cr | ₹172.17 Cr | ₹232.92 Cr | ₹60.59 Cr | -₹79.47 Cr | -₹86.15 Cr | ₹279.2 Cr | ₹72.58 Cr | -₹140.29 Cr | ₹197.38 Cr | ₹31.49 Cr | -₹371.05 Cr |
| Total Comprehensive Income | ₹1,378.6 Cr | ₹746.23 Cr | ₹790.02 Cr | ₹599.53 Cr | ₹607.07 Cr | ₹539.15 Cr | ₹1,052.59 Cr | -₹1,118.08 Cr | ₹241 Cr | ₹545.63 Cr | ₹315.58 Cr | -₹189.07 Cr |
| EBITDA (computed) | ₹2,289.82 Cr | ₹2,550.53 Cr | ₹2,460.39 Cr | ₹2,520.79 Cr | ₹2,472.61 Cr | ₹2,295.44 Cr | ₹1,962.93 Cr | ₹2,355.75 Cr | ₹1,713.85 Cr | ₹1,789.04 Cr | ₹1,597.16 Cr | ₹1,682.11 Cr |
| Basic EPS | ₹5.27 | ₹6.34 | ₹6.19 | ₹6.88 | ₹6.57 | ₹4.85 | ₹6.09 | ₹-7.39 | ₹2.94 | ₹2.92 | ₹2.47 | ₹1.57 |
| Diluted EPS | ₹5.27 | ₹6.34 | ₹6.19 | ₹6.88 | ₹6.57 | ₹0.00 | ₹6.09 | ₹-7.39 | ₹2.94 | ₹2.92 | ₹2.47 | ₹1.57 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Transmission | ₹2,837.37 Cr | ₹1,006.23 Cr | ₹49,627 Cr | ₹3,371.87 Cr |
| Distribution | ₹2,868.65 Cr | ₹390.75 Cr | ₹21,148 Cr | ₹5,384.03 Cr |
| Smart Meter | ₹299.47 Cr | ₹137.54 Cr | ₹5,395.78 Cr | ₹1,863.57 Cr |
| Trading | ₹426.05 Cr | ₹32.42 Cr | ₹2,038.9 Cr | ₹2,074.96 Cr |
| Others | ₹335.04 Cr | ₹76.72 Cr | ₹654.29 Cr | ₹443.9 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Transmission | ₹9,823.88 Cr | ₹3,964.84 Cr | - | - |
| Distribution | ₹12,450 Cr | ₹1,238.75 Cr | - | - |
| Smart Meter | ₹828.25 Cr | ₹367.99 Cr | - | - |
| Trading | ₹1,091.01 Cr | ₹83.86 Cr | - | - |
| Others | ₹648.22 Cr | ₹132.05 Cr | - | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3,382.89 Cr | ₹1,937.75 Cr | ₹1,517.35 Cr | ₹688 Cr | ₹739.81 Cr | ₹755.23 Cr | ₹857.79 Cr |
| Other Income | ₹1,240.07 Cr | ₹1,108.56 Cr | ₹994.54 Cr | ₹614.79 Cr | ₹700.86 Cr | ₹679.43 Cr | ₹795.83 Cr |
| Total Income | ₹4,622.96 Cr | ₹3,046.31 Cr | ₹2,511.89 Cr | ₹1,302.79 Cr | ₹1,440.67 Cr | ₹1,434.66 Cr | ₹1,653.62 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹2,103.29 Cr | ₹1,394.7 Cr | ₹1,006.08 Cr | ₹685.24 Cr | ₹734.11 Cr | ₹754.43 Cr | ₹857.21 Cr |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹6.11 Cr | ₹6.86 Cr | ₹2.05 Cr | ₹1.18 Cr | ₹1.57 Cr | ₹3.8 Cr | ₹3.27 Cr |
| Finance Costs | ₹826.21 Cr | ₹529.95 Cr | ₹347.84 Cr | ₹416.08 Cr | ₹762.96 Cr | ₹690.24 Cr | ₹767.19 Cr |
| Depreciation & Amortisation | ₹1.23 Cr | ₹60 Lakh | ₹34 Lakh | ₹15 Lakh | ₹26 Lakh | ₹29 Lakh | ₹30 Lakh |
| Other Expenses | ₹1,054.76 Cr | ₹487.6 Cr | ₹496.24 Cr | ₹29.85 Cr | ₹6.38 Cr | ₹7.11 Cr | ₹20.11 Cr |
| Total Expenses | ₹3,991.6 Cr | ₹2,419.71 Cr | ₹1,852.55 Cr | ₹1,132.5 Cr | ₹1,505.28 Cr | ₹1,455.87 Cr | ₹1,648.08 Cr |
| Profit Before Exceptional Items & Tax | ₹631.36 Cr | ₹626.6 Cr | ₹659.34 Cr | ₹170.29 Cr | -₹64.61 Cr | -₹21.21 Cr | ₹5.54 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹631.36 Cr | ₹626.6 Cr | ₹659.34 Cr | ₹170.29 Cr | -₹64.61 Cr | -₹21.21 Cr | ₹5.54 Cr |
| Total Tax Expense | ₹60.24 Cr | ₹8.85 Cr | ₹64.43 Cr | ₹1 Lakh | ₹0 | ₹0 | ₹0 |
| Net Profit | ₹571.12 Cr | ₹617.75 Cr | ₹594.91 Cr | ₹170.28 Cr | -₹64.61 Cr | -₹21.21 Cr | ₹5.54 Cr |
| Other Comprehensive Income | ₹647.03 Cr | -₹40.8 Cr | -₹2 Lakh | -₹40.49 Cr | -₹120.47 Cr | -₹21.23 Cr | ₹158.44 Cr |
| Total Comprehensive Income | ₹1,218.15 Cr | ₹576.95 Cr | ₹594.89 Cr | ₹129.79 Cr | -₹185.08 Cr | -₹42.44 Cr | ₹163.98 Cr |
| EBITDA (computed) | ₹1,458.8 Cr | ₹1,157.15 Cr | ₹1,007.52 Cr | ₹586.52 Cr | ₹698.61 Cr | ₹669.32 Cr | ₹773.03 Cr |
| Basic EPS | ₹4.75 | ₹5.27 | ₹5.33 | ₹1.35 | ₹-2.65 | ₹-2.30 | ₹-3.43 |
| Diluted EPS | ₹4.75 | ₹5.27 | ₹5.33 | ₹1.35 | ₹-2.65 | ₹-2.30 | ₹-3.43 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹35,838 Cr | ₹28,564 Cr | ₹16,395 Cr | ₹12,966 Cr |
| Non-current Assets | ₹30,291 Cr | ₹25,515 Cr | ₹14,706 Cr | ₹11,584 Cr |
| Current Assets | ₹5,547.15 Cr | ₹3,049.35 Cr | ₹1,689.27 Cr | ₹1,382.71 Cr |
| Property, Plant & Equipment | ₹9.89 Cr | ₹9.53 Cr | ₹8.58 Cr | ₹49 Lakh |
| Inventories | ₹26.71 Cr | ₹28 Cr | ₹9.91 Cr | ₹0 |
| Trade Receivables | ₹2,597.87 Cr | ₹1,036.84 Cr | ₹0 | ₹2.25 Cr |
| Cash & Equivalents | ₹44.96 Cr | ₹470.31 Cr | ₹2.36 Cr | ₹2.64 Cr |
| Equity (Net Worth) | ₹20,917 Cr | ₹19,699 Cr | ₹10,922 Cr | ₹10,327 Cr |
| Equity Share Capital | ₹1,201.28 Cr | ₹1,201.28 Cr | ₹1,115.49 Cr | ₹1,115.49 Cr |
| Borrowings (Non-current) | ₹9,777.45 Cr | ₹6,802.82 Cr | ₹4,101.78 Cr | ₹1,740.41 Cr |
| Borrowings (Current) | ₹1,257.73 Cr | ₹1,097.35 Cr | ₹1,062.9 Cr | ₹860 Cr |
| Total Debt (computed) | ₹11,035 Cr | ₹7,900.17 Cr | ₹5,164.68 Cr | ₹2,600.41 Cr |
| Current Liabilities | ₹4,691.87 Cr | ₹1,998.21 Cr | ₹1,349.83 Cr | ₹897.81 Cr |
| Total Liabilities | ₹14,921 Cr | ₹8,865.43 Cr | ₹5,473.7 Cr | ₹2,639.7 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹441.92 Cr | -₹955.19 Cr | -₹209.49 Cr | -₹15.28 Cr | ₹2.84 Cr |
| Investing Cash Flow | -₹3,695.05 Cr | -₹9,164.34 Cr | -₹2,000.96 Cr | -₹1,585.02 Cr | ₹239.68 Cr |
| Financing Cash Flow | ₹2,827.78 Cr | ₹10,587 Cr | ₹2,210.17 Cr | ₹1,600.79 Cr | -₹248.39 Cr |
| Capital Expenditure | ₹5.79 Cr | ₹19.12 Cr | ₹5.18 Cr | ₹22.45 Cr | ₹89 Lakh |
| Free Cash Flow (computed) | ₹436.13 Cr | -₹974.31 Cr | -₹214.68 Cr | -₹37.73 Cr | ₹1.95 Cr |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹425.35 Cr | ₹467.95 Cr | -₹28 Lakh | ₹49 Lakh | -₹5.87 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,252.13 Cr | ₹640.48 Cr | ₹664.82 Cr | ₹825.46 Cr | ₹1,007 Cr | ₹348.69 Cr | ₹468.17 Cr | ₹113.89 Cr | ₹415.67 Cr | ₹885.01 Cr | ₹202.23 Cr | ₹14.44 Cr |
| Other Income | ₹351.06 Cr | ₹295.6 Cr | ₹306.09 Cr | ₹287.32 Cr | ₹333.14 Cr | ₹309.51 Cr | ₹270.44 Cr | ₹195.47 Cr | ₹175.43 Cr | ₹200.84 Cr | ₹193.07 Cr | ₹425.2 Cr |
| Total Income | ₹1,603.19 Cr | ₹936.08 Cr | ₹970.91 Cr | ₹1,112.78 Cr | ₹1,340.14 Cr | ₹658.2 Cr | ₹738.61 Cr | ₹309.36 Cr | ₹591.1 Cr | ₹1,085.85 Cr | ₹395.3 Cr | ₹439.64 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹688.31 Cr | ₹314 Cr | ₹474.15 Cr | ₹626.83 Cr | ₹855.41 Cr | ₹213.65 Cr | ₹249.25 Cr | ₹76.39 Cr | ₹91.84 Cr | ₹737.46 Cr | ₹176.78 Cr | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹2.11 Cr | ₹1.5 Cr | ₹1.09 Cr | ₹1.41 Cr | ₹19 Lakh | ₹2.5 Cr | ₹2.56 Cr | ₹1.61 Cr | ₹1.2 Cr | ₹45 Lakh | ₹26 Lakh | ₹14 Lakh |
| Finance Costs | ₹251.92 Cr | ₹216.98 Cr | ₹197.58 Cr | ₹159.73 Cr | ₹141.55 Cr | ₹136.48 Cr | ₹131.74 Cr | ₹120.18 Cr | ₹107.8 Cr | ₹102.96 Cr | ₹81.16 Cr | ₹55.92 Cr |
| Depreciation & Amortisation | ₹32 Lakh | ₹31 Lakh | ₹32 Lakh | ₹28 Lakh | ₹26 Lakh | ₹15 Lakh | ₹10 Lakh | ₹9 Lakh | ₹10 Lakh | ₹9 Lakh | ₹12 Lakh | ₹3 Lakh |
| Other Expenses | ₹452.81 Cr | ₹268.23 Cr | ₹159.19 Cr | ₹174.53 Cr | ₹136.2 Cr | ₹141.66 Cr | ₹175.29 Cr | ₹34.45 Cr | ₹315.82 Cr | ₹130.56 Cr | ₹31.6 Cr | ₹18.26 Cr |
| Total Expenses | ₹1,395.47 Cr | ₹801.02 Cr | ₹832.33 Cr | ₹962.78 Cr | ₹1,133.61 Cr | ₹494.44 Cr | ₹558.94 Cr | ₹232.72 Cr | ₹516.76 Cr | ₹971.52 Cr | ₹289.92 Cr | ₹74.35 Cr |
| Profit Before Exceptional Items & Tax | ₹207.72 Cr | ₹135.06 Cr | ₹138.58 Cr | ₹150 Cr | ₹206.53 Cr | ₹163.76 Cr | ₹179.67 Cr | ₹76.64 Cr | ₹74.34 Cr | ₹114.33 Cr | ₹105.38 Cr | ₹365.29 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹207.72 Cr | ₹135.06 Cr | ₹138.58 Cr | ₹150 Cr | ₹206.53 Cr | ₹163.76 Cr | ₹179.67 Cr | ₹76.64 Cr | ₹74.34 Cr | ₹114.33 Cr | ₹105.38 Cr | ₹365.29 Cr |
| Total Tax Expense | ₹8.59 Cr | ₹20.85 Cr | ₹37.23 Cr | -₹6.43 Cr | ₹8.85 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹64.43 Cr |
| Net Profit | ₹199.13 Cr | ₹114.21 Cr | ₹101.35 Cr | ₹156.43 Cr | ₹197.68 Cr | ₹163.76 Cr | ₹179.67 Cr | ₹76.64 Cr | ₹74.34 Cr | ₹114.33 Cr | ₹105.38 Cr | ₹300.86 Cr |
| Other Comprehensive Income | ₹408.75 Cr | ₹144.93 Cr | ₹100.27 Cr | -₹6.94 Cr | -₹41.04 Cr | ₹0 | ₹24 Lakh | ₹0 | -₹2 Lakh | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹607.88 Cr | ₹259.14 Cr | ₹201.62 Cr | ₹149.49 Cr | ₹156.64 Cr | ₹163.76 Cr | ₹179.91 Cr | ₹76.64 Cr | ₹74.32 Cr | ₹114.33 Cr | ₹105.38 Cr | ₹300.86 Cr |
| EBITDA (computed) | ₹459.96 Cr | ₹352.35 Cr | ₹336.48 Cr | ₹310.01 Cr | ₹348.34 Cr | ₹300.39 Cr | ₹311.51 Cr | ₹196.91 Cr | ₹182.24 Cr | ₹217.38 Cr | ₹186.66 Cr | ₹421.24 Cr |
| Basic EPS | ₹1.65 | ₹0.95 | ₹0.85 | ₹1.30 | ₹1.65 | ₹1.38 | ₹1.55 | ₹0.69 | ₹0.66 | ₹1.03 | ₹0.94 | ₹2.70 |
| Diluted EPS | ₹1.65 | ₹0.00 | ₹0.85 | ₹1.30 | ₹1.65 | ₹0.00 | ₹1.55 | ₹0.69 | ₹0.66 | ₹1.03 | ₹0.94 | ₹2.70 |
Shareholding Pattern of Adani Energy Solutions Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 72.73%, foreign institutional investors hold 12.23%, domestic institutional investors hold 10.25%, retail and other public shareholders hold 4.79% of Adani Energy Solutions Limited. The company had 403,625 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 72.73% | 71.19% | 71.19% | 71.19% | 69.94% | 69.94% |
| Public | 27.27% | 28.81% | 28.81% | 28.81% | 30.06% | 30.06% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 72.73% | 69.94% | 73.22% | 71.65% | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 74.92% | 75.00% |
| Public | 27.27% | 30.06% | 26.78% | 28.35% | 25.08% | 25.08% | 25.08% | 25.08% | 25.08% | 25.08% | 25.00% |
| Promoter change (YoY, %pts) | +2.79 | -3.28 | +1.57 | -3.27 | +0.00 | +0.00 | +0.00 | +0.00 | +0.00 | -0.08 | - |
Board & Governance of Adani Energy Solutions Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Adani Energy Solutions Limited has 8 directors - 4 independent and 2 executive. The board is chaired by Gautam S. Adani.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Gautam S. Adani | Non-Executive - Non Independent Director · Chairperson | 2015-06-17 | 7 |
| Rajesh S. Adani | Non-Executive - Non Independent Director | 2015-06-17 | 5 |
| Anil Sardana | Executive Director · MD | 2018-05-10 | 2 |
| Kandarp Patel | Executive Director · CEO | 2025-05-31 | 1 |
| Hemant Nerurkar | Non-Executive - Independent Director | 2025-05-31 | 3 |
| Lisa Caroline Maccallum | Non-Executive - Independent Director | 2021-11-30 | 1 |
| Chandra Iyengar | Non-Executive - Independent Director | 2025-05-31 | 1 |
| Anil Ahuja | Non-Executive - Independent Director | 2025-11-29 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Hemant Nerurkar (Chairperson), Chandra Iyengar, Lisa Caroline Maccallum, Anil Ahuja |
| Nomination and remuneration committee | Chandra Iyengar (Chairperson), Hemant Nerurkar, Lisa Caroline Maccallum, Anil Ahuja |
| Stakeholders Relationship Committee | Hemant Nerurkar (Chairperson), Chandra Iyengar, Lisa Caroline Maccallum, Anil Sardana, Kandarp Patel, Anil Ahuja |
| Risk Management Committee | Hemant Nerurkar (Chairperson), Chandra Iyengar, Lisa Caroline Maccallum, Anil Sardana, Kandarp Patel, Anil Ahuja |
| Corporate Social Responsibility Committee | Chandra Iyengar (Chairperson), Lisa Caroline Maccallum, Hemant Nerurkar, Anil Sardana, Anil Ahuja |
| Corporate Responsibilty Committee | Lisa Caroline Maccallum (Chairperson), Chandra Iyengar, Hemant Nerurkar, Anil Ahuja |
Group Structure of Adani Energy Solutions Limited
Adani Energy Solutions Limited has 61 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The corporate group structure reflects Adani Energy Solutions Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Adani Energy Solutions Step-Twelve Limited | U27104GJ2024PLC148049 | - |
| Adani Energy Solutions Step-Thirteen Limited | U27104GJ2024PLC148633 | - |
| Best Smart Metering Limited | U29307GJ2022PLC137776 | - |
| Sunrays Infra Space Two Limited | U35100GJ2023PLC146935 | - |
| Arasan Infra Two Limited | U35100GJ2023PLC147017 | - |
| Adani Electricity Aurangabad Limited | U35107GJ2023PLC139233 | - |
Showing major subsidiaries. Total: 61.
Charges & Borrowings of Adani Energy Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Nov 2025 | Others | ₹995 Cr | Open |
| 12 Nov 2025 | Others | ₹3,971.35 Cr | Open |
| 12 Nov 2025 | Others | ₹2,028 Cr | Open |
| 15 Oct 2025 | Others | ₹285 Cr | Open |
| 30 Sep 2025 | Others | ₹578.5 Cr | Open |
Total charge records: 111 View all charges
Employees and EPFO Compliance at Adani Energy Solutions Limited
Adani Energy Solutions Limited has a workforce of 5 employees as of Apr 08, 2024.
Employee Count & EPFO Data of Adani Energy Solutions Limited
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GST Compliance of Adani Energy Solutions Limited
GSTIN & GST Filing Data of Adani Energy Solutions Limited
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Credit Ratings, Litigation & Regulatory Alerts for Adani Energy Solutions Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Adani Energy Solutions Limited
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MSME Payment Delays by Adani Energy Solutions Limited
MSME Payment Delays by Adani Energy Solutions Limited
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Subsidiaries & Group Companies of Adani Energy Solutions Limited
Subsidiaries & Group Companies of Adani Energy Solutions Limited
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MCA Filings & Documents of Adani Energy Solutions Limited
MCA Filings & Documents of Adani Energy Solutions Limited
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Recent Activity on Adani Energy Solutions Limited
Recent News on Adani Energy Solutions Limited
Frequently Asked Questions about Adani Energy Solutions Limited
Adani Energy Solutions Limited is an active public limited company in the energy and power sector based in Ahmedabad, Gujarat, India. It was incorporated on 09 December 2013 (13+ years old) and is registered under CIN L40300GJ2013PLC077803. Listed on BSE: 539254 and NSE: ADANITRANS. The company has 5 employees.
Adani Energy Solutions Limited reported revenue of ₹24,447 Cr for FY 2025 (up 42.00% YoY).
The current directors of Adani Energy Solutions Limited are:
- Chandra Iyengar
- Anil Ahuja Satya
- Kunjal Mahendra Mehta
- Jaladhi Atulchandra Shukla
- Kunjal Mahendra Mehta
- Kandarp Suryakant Patel
- Lisa Caroline Maccallum
- Jaladhi Atulchandra Shukla
- Anil Kumar Sardana
- Hemant Nerurkar Madhusudan
- Rajesh Shantilal Adani
- Gautam Shantilal Adani
The primary industry of Adani Energy Solutions Limited is energy and power. The company specifically operates in power transmission and distribution services. The company is currently active in this sector.
Yes. Adani Energy Solutions Limited is listed on both BSE (code: 539254) and NSE (symbol: ADANITRANS).
Adani Energy Solutions Limited can be reached at the registered office: Adani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421, or through the website adani.com.