Electric Utilities company Adani Energy Solutions announced Q1FY25 results:
- Revenue from operations: Rs 5,379 crore, increased by 46.8% YoY
- Total EBITDA (Adjusted): Rs 1,762 crore, up by 27.9% YoY
- Operating EBITDA: Rs 1,628 crore, up by 29.7% YoY
- PAT (Adjusted): Rs 315 crore, increased by 73.0% YoY
- Cash profit: Rs 908 crore, up by 39.9% YoY
- Cash Profit (ex one-time): Rs 908 crore, up by 42.1% YoY
- Strong transmission system availability of 99.7% at the portfolio level
- AEML, the Mumbai distribution business witnessed an increase in the energy consumed by 8%. Its distribution losses of 5.18% remains low and the utility added new consumers, reaching 3.2 million on the back of reliable and affordable power supply
Anil Sardana, MD, Adani Energy Solutions, said: “AESL remains steadfast with commissioning of new lines, along with strong energy demand growth in its distribution areas of AEML and MUL. We are further contributing to decarbonization of the power distribution in Mumbai by way of 37% renewable power penetration in Mumbai. We remain focused on recognizing and tapping market opportunities within the areas of interest and lead energy transition in India. We take pride in our contribution to developing critical transmission infrastructure, to facilitate renewable evacuation (e.g. Khavda) and as well as strengthening the existing grid and driving energy efficiency in India through its smart metering program. We are also pleased to share that prestigious agency like the FTSE have upgraded our ESG score in the FTSE4Good Index to 4.4, with environment score being the key improvement area. This demonstrates our unwavering dedication to reduce environmental impact and promote sustainable practices,”