Integrated Filing — IndAS
General information about company
| Scrip Code |
539254 |
| NSE Symbol |
ADANIENSOL |
| MSEI Symbol |
NOTLISTED |
| ISIN |
INE931S01010 |
| Name of company |
ADANI ENERGY SOLUTIONS LIMITED |
| Type of company |
Main Board |
| Class of security |
Equity |
| Date of start of financial year |
01-04-2026 |
| Date of end of financial year |
31-03-2027 |
| Date of board meeting when results were approved |
22-10-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed
to the exchange |
05-10-2026 |
| Description of presentation currency |
INR |
| Level of rounding used in financial results |
Lakhs |
| Reporting Type |
Quarterly |
| Reporting Quarter |
Second quarter |
| Nature of report standalone or consolidated |
Consolidated |
| Whether results are audited or unaudited for the quarter ended |
Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended |
Unaudited |
| Segment Reporting |
Multi segment |
| Description of single segment |
|
| Start date and time of board meeting |
22-10-2026 13:25:00 |
| End date and time of board meeting |
22-10-2026 14:25:00 |
| Whether cash flow statement is applicable on company |
Yes |
| Type of cash flow statement |
Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification |
Declaration of unmodified opinion |
Financial Results Ind-AS
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended (dd-mm-yyyy) |
Year to date figures for current period ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-07-2026 |
01-04-2026 |
| B |
Date of end of reporting period |
30-09-2026 |
30-09-2026 |
| C |
Whether results are audited or unaudited |
Unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Consolidated |
Consolidated |
| 1 |
Income |
|
Revenue from operations |
10,07,554.00 |
19,78,662.00 |
|
Other income |
16,379.00 |
30,491.00 |
|
Total income |
10,23,933.00 |
20,09,153.00 |
| 2 |
Expenses |
| (a) |
Cost of materials consumed |
3,24,417.00 |
6,80,487.00 |
| (b) |
Purchases of stock-in-trade |
17,281.00 |
24,003.00 |
| (c) |
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
0.00 |
0.00 |
| (d) |
Employee benefit expense |
28,983.00 |
51,780.00 |
| (e) |
Finance costs |
1,18,033.00 |
2,33,206.00 |
| (f) |
Depreciation, depletion and amortisation expense
|
60,058.00 |
1,18,593.00 |
| (f) |
Other Expenses |
| 1 |
Construction Expenses relating to Service Concession Arrangements |
2,25,580.00 |
4,39,347.00 |
| 2 |
Other expenses |
1,01,221.00 |
1,72,128.00 |
|
Total other expenses |
3,26,801.00 |
6,11,475.00 |
|
Total expenses |
8,75,573.00 |
17,19,544.00 |
| 3 |
Total profit before exceptional items and tax |
1,48,360.00 |
2,89,609.00 |
| 4 |
Exceptional items |
0.00 |
0.00 |
| 5 |
Total profit before tax |
1,48,360.00 |
2,89,609.00 |
| 6 |
Tax expense |
|
| 7 |
Current tax |
30,710.00 |
55,758.00 |
| 8 |
Deferred tax |
9,613.00 |
5,013.00 |
| 9 |
Total tax expenses |
40,323.00 |
60,771.00 |
| 10 |
Net movement in regulatory deferral account balances related to profit or loss and
the related deferred tax movement |
28,355.00 |
31,210.00 |
| 11 |
Net Profit Loss for the period from
continuing operations |
1,36,392.00 |
2,60,048.00 |
| 12 |
Profit (loss) from discontinued operations before tax |
0.00 |
0.00 |
| 13 |
Tax expense of discontinued operations |
0.00 |
0.00 |
| 14 |
Net profit (loss) from discontinued
operation after tax |
0.00 |
0.00 |
| 15 |
Share of profit (loss) of associates and joint ventures accounted for using equity
method |
0.00 |
0.00 |
| 16 |
Total profit (loss) for period |
1,36,392.00 |
2,60,048.00 |
| 17 |
Other comprehensive income net of taxes |
7,127.00 |
(10,533.00) |
| 18 |
Total Comprehensive Income for the period |
1,43,519.00 |
2,49,515.00 |
| 19 |
Total profit or loss, attributable to
|
|
|
|
Profit or loss, attributable to owners of parent |
1,32,285.00 |
2,47,191.00 |
|
Total profit or loss, attributable to non-controlling interests |
4,107.00 |
12,857.00 |
| 20 |
Total Comprehensive income for the period attributable to |
|
|
|
Comprehensive income for the period attributable to owners of parent |
7,785.00 |
(7,530.00) |
|
Total comprehensive income for the period attributable to owners of parent non-controlling
interests |
(658.00) |
(3,003.00) |
| 21 |
Details of equity share capital |
|
|
Paid-up equity share capital |
1,22,295.00 |
1,22,295.00 |
|
Face value of equity share capital |
10 |
10 |
| 27 |
Details of debt securities |
|
| 22 |
Reserves excluding revaluation reserve |
|
|
| 23 |
Earnings per share |
|
| i |
Earnings per equity share for continuing operations |
|
|
Basic earnings (loss) per share from continuing operations |
11.01 |
20.58 |
|
Diluted earnings (loss) per share from continuing operations |
11.01 |
20.58 |
| ii |
Earnings per equity share for discontinued operations |
|
|
Basic earnings (loss) per share from discontinued operations |
0 |
0 |
|
Diluted earnings (loss) per share from discontinued operations |
0 |
0 |
| ii |
Earnings per equity share |
|
|
Basic earnings (loss) per share from continuing
and discontinued operations |
11.01 |
20.58 |
|
Diluted earnings (loss) per share from
continuing and discontinued operations |
11.01 |
20.58 |
| 24 |
Debt equity ratio |
1.5900 |
1.5900 |
| 25 |
Debt service coverage ratio |
2.3300 |
2.1700 |
| 26 |
Interest service coverage ratio |
2.500 |
2.3800 |
| 27 |
Disclosure of notes on financial results |
|
Remarks
Statement of Asset and Liabilities
Amount in (Lakhs)
| Particulars |
Year ended (dd-mm-yyyy) |
| Date of start of reporting period |
01-04-2026 |
| Date of end of reporting period |
30-09-2026 |
| Whether results are audited or unaudited |
Unaudited |
| Nature of report standalone or consolidated |
Consolidated |
|
Assets |
| 1 |
Non-current assets |
|
Property, plant and equipment |
43,78,154.00 |
|
Capital work-in-progress |
3,10,338.00 |
|
Investment property |
0.00 |
|
Goodwill |
59,829.00 |
|
Other intangible assets |
1,15,179.00 |
|
Intangible assets under development |
18.00 |
|
Biological assets other than bearer plants |
0.00 |
|
Investments accounted for using equity method |
0.00 |
|
Non-current financial assets |
|
|
Non-current investments |
38,559.00 |
|
Trade receivables, non-current |
9,745.00 |
|
Loans, non-current |
835.00 |
|
Other non-current financial assets |
|
| 1 |
Other Financial Assets |
12,45,721.00 |
| 2 |
Right to use Assets |
82,193.00 |
| 3 |
Non Current Tax Assets (net) |
23,576.00 |
|
Total of other non-current financial assets |
13,51,490.00 |
|
Total non-current financial assets |
14,00,629.00 |
|
Deferred tax assets (net) |
91,370.00 |
|
Other non-current assets |
|
| 1 |
Other non-current assets |
16,86,683.00 |
|
Total of other non-current assets |
16,86,683.00 |
|
Total non-current assets |
80,42,200.00 |
| 2 |
Current assets |
|
|
Inventories |
52,015.00 |
|
Current financial asset |
|
|
Current investments |
3,07,398.00 |
|
Trade receivables, current |
7,44,120.00 |
|
Cash and cash equivalents |
2,36,404.00 |
|
Bank balance other than cash and cash equivalents |
2,28,717.00 |
|
Loans, current |
443.00 |
|
Other current financial assets |
|
|
Total of other current financial assets |
91,107.00 |
|
Total current financial assets |
16,08,189.00 |
|
Current tax assets (net) |
|
|
Other current assets |
|
| 1 |
Other current assets |
4,12,941.00 |
|
Total of other current assets |
4,12,941.00 |
|
Total current assets |
20,73,145.00 |
| 3 |
Non-current assets classified as held for sale |
0.00 |
| 4 |
Regulatory deferral account debit balances and related deferred tax Assets |
2,14,694.00 |
|
Total assets |
1,03,30,039.00 |
|
Equity and liabilities |
|
| 1 |
Equity |
|
|
Equity attributable to owners of parent |
|
|
Equity share capital |
1,22,295.00 |
|
Other equity |
30,08,056.00 |
|
Total equity attributable to owners of parent |
31,30,351.00 |
|
Non controlling interest |
1,19,511.00 |
|
Total equity |
32,49,862.00 |
| 2 |
Liabilities |
|
|
Non-current liabilities |
|
|
Non-current financial liabilities |
|
|
Borrowings, non-current |
49,14,549.00 |
|
Trade payables, non-current |
|
|
(A) Total outstanding dues of micro enterprises and small enterprises |
0.00 |
|
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises |
4,006.00 |
|
Total Trade payable |
4,006.00 |
|
Other non-current financial liabilities |
|
| 1 |
Lease Liabilities |
26,261.00 |
| 2 |
Other Financial Liabilities |
1,09,859.00 |
|
Total of other non-current financial liabilities |
1,36,120.00 |
|
Total non-current financial liabilities |
50,54,675.00 |
|
Provisions, non-current |
55,704.00 |
|
Deferred tax liabilities (net) |
1,61,832.00 |
|
Deferred government grants, Non-current |
|
|
Other non-current liabilities |
|
| 1 |
Other non-current liabilities |
1,47,576.00 |
|
Total of other non-current liabilities |
1,47,576.00 |
|
Total non-current liabilities |
54,19,787.00 |
|
Current liabilities |
|
|
Current financial liabilities |
|
|
Borrowings, current |
2,37,460.00 |
|
Trade payables, current |
|
|
(A) Total outstanding dues of micro enterprises and small enterprises |
6,400.00 |
|
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises |
5,58,895.00 |
|
Total Trade payable |
5,65,295.00 |
|
Other current financial liabilities |
|
| 1 |
Other current financial liabilities |
3,94,342.00 |
| 2 |
Lease Liabilities |
1,784.00 |
| 3 |
Trade Acceptances |
3,36,433.00 |
|
Total of other current financial liabilities |
7,32,559.00 |
|
Total current financial liabilities |
15,35,314.00 |
|
Other current liabilities |
85,073.00 |
| 1 |
Other current liabilities |
85,073.00 |
|
Total of other current liabilities |
85,073.00 |
|
Provisions, current |
19,652.00 |
|
Current tax liabilities (Net) |
15,945.00 |
|
Deferred government grants, Current |
|
|
Total current liabilities |
16,55,984.00 |
| 3 |
Liabilities directly associated with assets in disposal group classified as held for sale |
0.00 |
| 4 |
Regulatory deferral account credit balances and related deferred tax liability |
4,406.00 |
|
Total liabilities |
70,80,177.00 |
|
Total equity and liabilites |
1,03,30,039.00 |
|
Disclosure of notes on assets and liabilities |
|
Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Amount in (Lakhs)
| Particulars |
3 months/ 6 month ended (dd-mm-yyyy) |
Year to date figures for current period
ended (dd-mm-yyyy) |
| Date of start of reporting period |
01-07-2026 |
01-04-2026 |
| Date of end of reporting
period |
30-09-2026 |
30-09-2026 |
| Whether results are audited
or unaudited |
Unaudited |
Unaudited |
| Nature of report standalone or
consolidated |
Consolidated |
Consolidated |
| 1 |
Segment Revenue (Income) |
|
(net sale/income from each segment should
be disclosed) |
| 1 |
Transmission |
3,59,871.00 |
6,93,397.00 |
| 2 |
Distribution |
3,18,143.00 |
6,70,186.00 |
| 3 |
Smart Meter |
38,414.00 |
73,113.00 |
| 4 |
Energy Solutions Platform |
2,19,694.00 |
4,10,377.00 |
| 5 |
Other |
31,828.00 |
47,430.00 |
|
Total Segment Revenue |
9,67,950.00 |
18,94,503.00 |
|
Less: Inter segment revenue |
|
|
|
Revenue from operations |
9,67,950.00 |
18,94,503.00 |
| 2 |
Segment Result |
|
Profit (+) / Loss (-) before tax and
interest from each segment |
| 1 |
Transmission |
1,31,996.00 |
2,64,742.00 |
| 2 |
Distribution |
37,135.00 |
72,827.00 |
| 3 |
Smart Meter |
17,280.00 |
32,541.00 |
| 4 |
Energy Solutions Platform |
80,223.00 |
1,39,250.00 |
| 5 |
Other |
4,230.00 |
7,005.00 |
|
Total Profit before tax |
2,70,864.00 |
5,16,365.00 |
|
i. Finance cost |
1,18,033.00 |
2,33,206.00 |
|
ii. Other Unallocable Expenditure net off Unallocable income |
(16,379.00) |
(30,491.00) |
|
Profit before tax |
1,69,210.00 |
3,13,650.00 |
| 3 |
(Segment Asset - Segment Liabilities)
|
|
Segment Asset |
| 1 |
Transmission |
59,07,934.00 |
59,07,934.00 |
| 2 |
Distribution |
20,98,337.00 |
20,98,337.00 |
| 3 |
Smart Meter |
6,13,356.00 |
6,13,356.00 |
| 4 |
Energy Solutions Platform |
2,47,052.00 |
2,47,052.00 |
| 5 |
Other |
60,454.00 |
60,454.00 |
|
Total Segment Asset |
89,27,133.00 |
89,27,133.00 |
|
Un-allocable Assets |
14,03,138.00 |
14,03,138.00 |
|
Net Segment Asset |
1,03,30,271.00 |
1,03,30,271.00 |
| 4 |
Segment Liabilities |
|
Segment Liabilities |
| 1 |
Transmission |
3,65,391.00 |
3,65,391.00 |
| 2 |
Distribution |
5,70,487.00 |
5,70,487.00 |
| 3 |
Smart Meter |
2,04,589.00 |
2,04,589.00 |
| 4 |
Energy Solutions Platform |
2,47,456.00 |
2,47,456.00 |
| 5 |
Other |
16,626.00 |
16,626.00 |
|
Total Segment Liabilities |
14,04,549.00 |
14,04,549.00 |
|
Un-allocable Liabilities |
57,99,485.00 |
57,99,485.00 |
|
Net Segment Liabilities |
72,04,034.00 |
72,04,034.00 |
|
Disclosure of notes on segments |
|
Other Comprehensive Income
Amount in (Lakhs)
| Particulars |
3 months/ 6 months ended (dd-mm-yyyy) |
Year to date figures for current period ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-07-2026 |
01-04-2026 |
| B |
Date of end of reporting period |
30-09-2026 |
30-09-2026 |
| C |
Whether results are audited or unaudited |
Unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Consolidated |
Consolidated |
|
Other comprehensive income [Abstract] |
|
| 1 |
Amount of items that will not be reclassified to profit and loss |
|
| 1 |
Remeasurement gain / (loss) of Defined Benefit Plan |
11,490.00 |
10,271.00 |
| 2 |
Movement in Regulatory Deferral Balance |
(11,995.00) |
(10,776.00) |
|
Total Amount of items that will not be reclassified to profit and loss |
(505.00) |
(505.00) |
| 2 |
Income tax relating to items that will not be reclassified to profit or loss |
(16.00) |
(16.00) |
| 3 |
Amount of items that will be reclassified to profit and loss |
|
| 1 |
Effective portion of gain / (loss) on designated portion of hedging instruments in a cash flow hedge |
7,380.00 |
(12,886.00) |
|
Total Amount of items that will be reclassified to profit and loss |
7,380.00 |
(12,886.00) |
| 4 |
Income tax relating to items that will be reclassified to profit or loss |
(236.00) |
(2,842.00) |
| 5 |
Total Other comprehensive income |
7,127.00 |
(10,533.00) |
Cash flow statement, indirect
Amount in (Lakhs)
| Particulars |
Year ended (dd-mm-yyyy) |
| A |
Date of start of reporting period |
01-04-2026 |
| B |
Date of end of reporting period |
30-09-2026 |
| C |
Whether results are audited or unaudited |
Unaudited |
| D |
Nature of report standalone or consolidated |
Consolidated |
|
Statement of cash flows |
|
|
Cash flows from used in operating
activities |
|
|
Profit before tax |
2,89,609.00 |
|
Adjustments for reconcile profit (loss) |
|
|
Adjustments for finance costs |
2,33,206.00 |
|
Adjustments for decrease (increase) in inventories |
14,930.00 |
|
Adjustments for decrease (increase) in trade receivables, current |
(1,70,291.00) |
|
Adjustments for decrease (increase) in trade receivables, non-current
|
0.00 |
|
Adjustments for decrease (increase) in other current assets |
(36,459.00) |
|
Adjustments for decrease (increase) in other non-current assets |
63.00 |
|
Adjustments for other financial assets, non-current |
2,819.00 |
|
Adjustments for other financial assets, current |
44,340.00 |
|
Adjustments for other bank balances |
0.00 |
|
Adjustments for increase (decrease) in trade payables, current |
63,820.00 |
|
Adjustments for increase (decrease) in trade payables, non-current |
0.00 |
|
Adjustments for increase (decrease) in other current liabilities |
(2,441.00) |
|
Adjustments for increase (decrease) in other non-current liabilities
|
(127.00) |
|
Adjustments for depreciation and amortisation expense |
1,18,593.00 |
|
Adjustments for impairment loss reversal of impairment loss recognised
in profit or loss |
0.00 |
|
Adjustments for provisions, current |
(1,035.00) |
|
Adjustments for provisions, non-current |
(12,900.00) |
|
Adjustments for other financial liabilities, current |
1,46,962.00 |
|
Adjustments for other financial liabilities, non-current |
4,164.00 |
|
Adjustments for unrealised foreign exchange losses gains |
427.00 |
|
Adjustments for dividend income |
0.00 |
|
Adjustments for interest income |
20,848.00 |
|
Adjustments for share-based payments |
0.00 |
|
Adjustments for fair value losses (gains) |
(7,127.00) |
|
Adjustments for undistributed profits of associates |
0.00 |
|
Other adjustments for which cash effects are investing or financing
cash flow |
0.00 |
|
Other adjustments to reconcile profit (loss) |
31,210.00 |
|
Other adjustments for non-cash items |
(22,592.00) |
|
Share of profit and loss from partnership firm or association of
persons or limited liability partnerships |
0.00 |
|
Total adjustments for reconcile
profit (loss) |
3,86,714.00 |
|
Net cash flows from (used in)
operations |
6,76,323.00 |
|
Dividends received |
0.00 |
|
Interest paid |
0.00 |
|
Interest received |
0.00 |
|
Income taxes paid (refund) |
50,610.00 |
|
Other inflows (outflows) of cash |
0.00 |
|
Net cash flows from (used in)
operating activities |
6,25,713.00 |
|
Cash flows from used in
investing activities |
|
|
Cash flows from losing control of subsidiaries or other businesses |
0.00 |
|
Cash flows used in obtaining control of subsidiaries or other businesses |
13,153.00 |
|
Other cash receipts from sales of equity or debt instruments of other
entities |
0.00 |
|
Other cash payments to acquire equity or debt instruments of other entities
|
0.00 |
|
Other cash receipts from sales of interests in joint ventures |
0.00 |
|
Other cash payments to acquire interests in joint ventures |
0.00 |
|
Cash receipts from share of profits of partnership firm or association of
persons or limited liability partnerships |
0.00 |
|
Cash payment for investment in partnership firm or association of persons or
limited liability partnerships |
0.00 |
|
Proceeds from sales of property, plant and equipment |
0.00 |
|
Purchase of property, plant and equipment |
9,44,188.00 |
|
Proceeds from sales of investment property |
0.00 |
|
Purchase of investment property |
0.00 |
|
Proceeds from sales of intangible assets |
0.00 |
|
Purchase of intangible assets |
0.00 |
|
Proceeds from sales of intangible assets under development |
0.00 |
|
Purchase of intangible assets under development |
0.00 |
|
Proceeds from sales of goodwill |
0.00 |
|
Purchase of goodwill |
0.00 |
|
Proceeds from biological assets other than bearer plants |
0.00 |
|
Purchase of biological assets other than bearer plants |
0.00 |
|
Proceeds from government grants |
0.00 |
|
Proceeds from sales of other long-term assets |
0.00 |
|
Purchase of other long-term assets |
0.00 |
|
Cash advances and loans made to other parties |
(357.00) |
|
Cash receipts from repayment of advances and loans made to other parties |
0.00 |
|
Cash payments for future contracts, forward contracts, option contracts and
swap contracts |
0.00 |
|
Cash receipts from future contracts, forward contracts, option contracts and
swap contracts |
0.00 |
|
Dividends received |
0.00 |
|
Interest received |
17,856.00 |
|
Income taxes paid (refund) |
0.00 |
|
Other inflows (outflows) of cash |
(1,50,795.00) |
|
Net cash flows from (used in)
investing activities |
(10,89,923.00) |
|
Cash flows from used in
financing activities |
|
|
Proceeds from changes in ownership interests in subsidiaries |
0.00 |
|
Payments from changes in ownership interests in subsidiaries |
0.00 |
|
Proceeds from issuing shares |
3,50,000.00 |
|
Proceeds from issuing other equity instruments |
0.00 |
|
Payments to acquire or redeem entity's shares |
0.00 |
|
Payments of other equity instruments |
0.00 |
|
Proceeds from exercise of stock options |
0.00 |
|
Proceeds from issuing debentures notes bonds etc |
0.00 |
|
Proceeds from borrowings |
11,85,180.00 |
|
Repayments of borrowings |
8,03,915.00 |
|
Payments of lease liabilities |
944.00 |
|
Dividends paid |
0.00 |
|
Interest paid |
2,05,289.00 |
|
Income taxes paid (refund) |
0.00 |
|
Other inflows (outflows) of cash |
2,125.00 |
|
Net cash flows from (used in)
financing activities |
5,27,157.00 |
|
Net increase (decrease) in cash
and cash equivalents before effect of exchange rate changes |
62,947.00 |
|
Effect of exchange rate changes
on cash and cash equivalents |
|
|
Effect of exchange rate changes on cash and cash equivalents |
0.00 |
|
Net increase (decrease) in cash
and cash equivalents |
62,947.00 |
|
Cash and cash equivalents cash flow statement at beginning of period
|
1,73,457.00 |
|
Cash and cash equivalents cash
flow statement at end of period |
2,36,404.00 |
Details of Impact of Audit Qualification
Amount in (Lakhs)
| Whether results are audited or unaudited |
Unaudited |
| Declaration of unmodified opinion or statement on impact of audit qualification |
Declaration of unmodified opinion |
| Auditor's opinion |
|
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015:
The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified
opinion for the period on Standalone results |
Yes |
| Sr No. |
Audit firm's name |
Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI |
Certificate valid upto |
| 1 |
M/s. Walker Chandiok & Co LLP |
Yes |
31-05-2028 |