Adani Energy Solutions539254Investor deck

Q2 FY27 presentation: revenue up 51% YoY, EBITDA at record high, PAT up 145%

Adani Energy Solutions' Q2 FY27 investors' presentation: operational revenue ₹7,167 Cr (up 51% YoY), EBITDA ₹3,548 Cr (up 67%), PAT ₹1,364 Cr (up 145%).

By ScoutQuest · Fri 23 Oct 2026, 12:06 AM IST · 3 min read

Operational revenue (Q2 FY27): ₹7,167 Cr (up 51% YoY)
EBITDA (Q2 FY27): ₹3,548 Cr (up 67%)
PAT (Q2 FY27): ₹1,364 Cr (up 145%)

The company has shared the investors' presentation that accompanies its unaudited financial results for the quarter and half year ended September 30, 2026. It sets out the company's own summary of how each business performed.

Financial performance

Operational revenue of Rs 7,167 crore in Q2 FY27, up 51% year on year.
EBITDA of Rs 3,548 crore in Q2 FY27, up 67% year on year, described in the presentation as a record high.
PAT of Rs 1,364 crore in Q2 FY27, up 145% year on year.
For 1H FY27: operational revenue Rs 14,351 crore (up 50%), EBITDA Rs 6,726 crore (up 62%) and PAT Rs 2,600 crore (up 137%).
The company attributes the profit growth to double-digit EBITDA expansion and the inclusion of the energy solutions platform.
Capex was Rs 4,353 crore in Q2 FY27 (1.2x year on year) and Rs 7,850 crore in 1H FY27 (1.3x).

Transmission business

Transmission network of 29,802 ckms, with an under-construction orderbook of Rs 87,222 crore.
System availability was 99.8% in Q2 FY27.
Two projects were secured during the quarter, Vizag Power Transmission Limited and Satara Power Transmission Limited, together adding about 2,000 ckm of line capacity with about INR 1,474 Cr of annual transmission tariff.
The presentation shows a 17% market share in TBCB bids for 1H FY27 and locked-in tariff of ₹ 10,994 Cr.

Distribution business (AEML)

Units sold were 6,190 MUs in 1H FY27, against 5,589 in 1H FY26.
In the Mumbai circle, units sold rose 11% from 2,650 MUs in Q2 FY26 to 2,930 MUs in Q2 FY27.
Distribution loss was 4.29%, against 4.30% in the same period last year.
Regulatory asset base (RAB) stood at Rs 10,456 crore as of Q2 FY27, up 11% year on year, on a customer base of 3.29 Mn.

Smart metering

Cumulative meters installed reached 14.8 Mn, with a meters orderbook of 24.6 Mn (60% installed).
The presentation cites a market share of about 19% in the RDSS scheme and an untapped country-level opportunity of 86 million smart meters.
Intellismart is shown as 22.3 Mn meters; the note says the transaction closing is subject to regulatory and other customary approvals.

Energy solutions platform

25,333 MUs supplied in 1H FY27 across commercial and industrial customers and utilities.
Supply tie-ups of about 4.6 GW across solar and wind and about 3.5 GWh of battery energy storage.
A market opportunity of 7.5 GW+ is indicated, with AI data centres and round-the-clock renewable solutions named as key demand drivers.

Balance sheet

Net debt of Rs 41,067 crore, with net debt to EBITDA at 3.63x for 1H FY27, against 4.4x for 1H FY26.

How to read this

The presentation is a company-prepared summary of unaudited results for the quarter and half year ended September 30, 2026. It shows growth in revenue, operating profit and profit after tax, and gives segment-level operating data such as units sold, meters installed, transmission availability and orderbook. The key numbers above let a reader compare the reported figures with the prior year.

Also from Adani Energy Solutions