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17-Aug-2024

Adani Energy Solutions

Sales up 47%, PBT up 32% but net in red hit by higher EO


'Consolidated net sales (including other operating income) of Adani Energy Solutions for the quarter ended Jun 2024 has increased 47% to Rs 5378.55 crore.  Revenues witnessed a robust growth of 47% on account of the contribution from the newly operationalized transmission assets, line addition at under-construction projects and an increase in the units sold because of higher energy consumption in the distribution business at Mumbai and Mundra and contribution from smart metering business.  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

Operating profit margin has declined from 34.64% to 30.69%, leading to 30.05% rise in operating profi...



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