Adani Energy profit doubles in 2025 despite $1.32B debt pile

Borrowings also nearly doubled from the previous year.

Adani Energy Solutions Limited reported a standalone profit of $12.7m (₹114.21 crore) for the quarter ended 31 December 2025, up from $11.3m (₹101.35 crore) recorded in the previous year, according to a financial statement released by the company.

Revenue from operations rose to $71.1m (₹640.48 crore) from $38.7m (₹348.69 crore) in the same quarter last year. Total income reached $104.0m (₹936.08 crore), compared with $73.1m (₹658.20 crore) previously.

For the nine months ended December 2025, the company posted a profit of $41.3m (₹371.99 crore), more than double the $18.2m (₹163.76 crore) recorded a year earlier.

Revenue from operations increased to $237.0m (₹2,130.76 crore) from $145.1m (₹1,306.77 crore).

Total expenses for the quarter rose to $89.0m (₹801.02 crore), mainly due to higher power purchase costs, operating expenses and finance charges.

Borrowings stood at $1.32bn (₹11,895.56 crore) as of 31 December 2025, up from $765m (₹6,893.75 crore) a year earlier. The debt-to-equity ratio was 0.59, compared with 0.35 at the end of December 2024.

Independent auditor Walker Chandiok & Co said it found no material misstatements in the financial results and that the statements complied with Indian accounting standards and stock exchange disclosure requirements.

Adani Energy Solutions operates in power transmission, power distribution, trading and engineering, procurement and construction services.