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India
As of 18 Sept 2026, 03:30 pm
Adani Energy Solutions Limited (AESL) secured a Rs 4,700 crore transmission project in Maharashtra on August 26, 2026, for the evacuation of up to 4,500 MW of renewable and pumped storage power. This project involves constructing 562 circuit kilometres of transmission lines and 9,000 MVA of transformation capacity over 36 months. Additionally, on September 8, 2026, AESL's subsidiary, Powerpulse Trading Solutions Limited (PTSL), entered into an agreement to supply 2,500 MW of Round-the-Clock (RTC) power for 25 years to Maharashtra State Electricity Distribution Company Limited (MSEDCL), executing a Power Purchase Agreement (PPA) on the same date. The Letter of Award for this RTC power supply was originally announced by Adani Power Limited on April 2, 2026.
As of September 18, 2026, the daily trend for Adani Energy Solutions shows a bearish Supertrend direction with the closing price at ₹1436.1, below the 20-day Exponential Moving Average (EMA) of ₹1441.83 and the 20-day Simple Moving Average (SMA) of ₹1447.88. The monthly trend, however, indicates a bullish Supertrend direction. Nearest observed resistance levels are at ₹1453.87 and ₹1455.2, while support levels are identified at ₹1420.33 and ₹1403.57.
Jefferies has expressed a bullish outlook on Adani Energy Solutions, expecting double-digit growth over the medium term, according to news on September 3, 2026. Another report on September 8, 2026, mentions PL Capital suggesting that while CESC is expected to deliver the highest return of 54% among a group of power stocks including Adani Energy, NTPC, and Tata Power, these companies are also expected to benefit from upcoming power transmission projects.
On September 1, 2026, Adani Energy Solutions announced it achieved the highest ESG score globally in the Utilities sector from S&P Global, with a score of 90 out of 100. This score represents an increase from 81 in the previous period, compared to an industry average of 41. The company's Corporate Sustainability Assessment score rose by 17 points year-on-year to 90, with specific scores of 93 for Environmental, 89 for Social, and 84 for Governance & Economic.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹9,711.08 crore | ₹7,443.27 crore | ₹6,729.65 crore | ₹6,595.83 crore | ₹6,819.28 crore |
| Expenses | PEAK₹8,439.71 crore | ₹6,760.33 crore | ₹5,803.05 crore | ₹5,687.83 crore | ₹5,863.55 crore |
| Profit Before Tax | PEAK₹1,441.04 crore | ₹827.75 crore | ₹1,141.39 crore | ₹1,079.32 crore | ₹1,161.94 crore |
| Tax Expense | ₹155.91 crore | ₹187.42 crore | PEAK₹227 crore | ₹188.57 crore | ₹119.11 crore |
| Profit Loss For Period | PEAK₹1,236.56 crore | ₹722.65 crore | ₹574.06 crore | ₹557.10 crore | ₹538.94 crore |
| Segment Revenue From Operations | PEAK₹9,265.53 crore | ₹6,766.58 crore | ₹6,156.73 crore | ₹5,962.34 crore | ₹6,819.28 crore |
Revenue from operations reached ₹9,711.08 crore, up from ₹6,819.28 crore in the same quarter last year and a 30% sequential increase from the preceding quarter. Total expenses rose 44% year on year to ₹8,439.71 crore, outpacing the revenue growth. As a result, profit before tax increased at a slower 24% to ₹1,441.04 crore. The faster expense growth constrained the flow‑through from the top‑line expansion.
Finance costs reached ₹1,151.73 crore, up 29% from the prior‑year quarter and 21% sequentially. The interest coverage ratio (EBIT divided by finance costs) was 2.25 times. The debt‑to‑equity ratio remained at 0.0184, unchanged from the previous quarter and broadly in line with recent periods, indicating very low leverage.
Segment revenue from operations was ₹9,265.53 crore, which was ₹445.55 crore lower than total revenue from operations. This gap narrowed from ₹676.69 crore in the prior quarter. Segment profit before tax of ₹1,444.40 crore was nearly identical to the total profit before tax of ₹1,441.04 crore, suggesting that unallocated corporate costs or income were minimal during the quarter.
Exchange disclosures and regulatory announcements for Adani Energy Solutions.
Adani Energy Solutions Ltd will participate in the JPM Industrial and Electric Utilities Tour as a physical group meeting in Ahmedabad on September 24, 2026, as disclosed to stock exchanges under SEBI regulations.
On September 8, 2026, Adani Energy Solutions Ltd's wholly-owned subsidiary, Powerpulse Trading Solutions Limited (PTSL), entered into an agreement with Adani Power Limited (APL) whereby APL assigned to PTSL all rights and obligations from a Letter of Award (LOA) issued by Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supply of 2,500 MW Round-the-Clock (RTC) power for 25 years from the Scheduled Commencement Date of Supply. PTSL then executed a Power Purchase Agreement (PPA) with MSEDCL on the same date. The LOA was originally announced by APL on April 2, 2026.
GQG Partners LLC has submitted the Exchange a copy of Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011. |SUBJECT: Disclosure under SEBI Takeover Regulations
Adani Energy Solutions (AESL) announced on September 1, 2026, that it achieved the highest ESG score globally in the Utilities sector from S&P Global, with an ESG Score of 90 out of 100, up from 81, against an industry average of 41. The improvement followed S&P Global's latest Media and Stakeholder Analysis review, which corrected a previously impacted governance-related assessment. AESL's Corporate Sustainability Assessment score increased by 17 points year-on-year to 90, with Environmental scoring 93, Social 89, and Governance & Economic 84.
On August 26, 2026, Adani Energy Solutions Ltd (AESL) won a Rs 4,700 crore transmission project in Maharashtra through the Tariff Based Competitive Bidding process to evacuate up to 4,500 MW of renewable and pumped storage power. The project, executed via the Special Purpose Vehicle Satara Power Transmission Ltd., involves constructing 562 circuit kilometres of transmission lines and 9,000 MVA of transformation capacity over a 36-month period. This award increases AESL's cumulative transmission orderbook to approximately Rs 85,000 crore.
Adani Energy Solutions Ltd will interact with investors and analysts at the Adani Annual Conference on September 7-8, 2026 in London and on September 9, 2026 in Abu Dhabi, with meetings held physically in 1-on-1 and group formats.
On August 19, 2026, Adani Energy Solutions Limited disclosed that India Ratings and Research Private Limited affirmed or assigned credit ratings to its debt instruments. The company's Non-convertible debentures were rated IND A1+ with an amount of Rs. 14,000 million, reduced from Rs. 15,000 million, while bank loan facilities totaling Rs. 111,500 million (reduced from Rs. 128,000 million) received an INR AA+/Stable rating.
Adani Energy Solutions Ltd scheduled an in-person site visit and investor meeting for a group of analysts and investors at its Mumbai HVDC facility on August 21, 2026, at 10:00 AM local time. The intimation was issued by Company Secretary Jaladhi Atulchandra Shukla on August 18, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Recent market and company developments associated with Adani Energy Solutions.
Adani group stocks rallied on Friday after Jefferies highlighted growth prospects across energy, ports and power businesses. Adani Total Gas gained over 12%, while Adani Energy Solutions, Adani Green, Adani Power and Adani Ports advanced following positive brokerage commentary and targets.
Adani Energy, Coal India, Tata Power, NTPC, and Power Grid are set to benefit from upcoming power transmission projects. According to PL Capital, CESC is expected to deliver the highest return of 54%, while NTPC and Power Grid also have positive outlooks. Check target price
Jefferies expects Adani Energy Solutions to deliver double-digit growth over the medium term.
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India's power sector is undergoing a significant transformation, driven by a planned shift towards renewable energy and ambitious capacity expansion targets, with major players like NTPC, JSW Energy, Adani, and Tata Power prioritising predictable returns. However, execution challenges and valuation concerns remain critical factors for sustained growth.
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Comprehensive Section Breakdown for Adani Energy Solutions
Strategic Vision: Electric power transmission and distribution company facilitating energy security.
• Facilitating India's energy security through extensive power transmission and distribution networks.
Adani Energy Solutions reported a 42% year-on-year increase in revenue from operations to ₹9,711.08 crore for the quarter ended 30 June 2026. While profit before tax grew 24%, net profit attributable to the company jumped 129% to ₹1,236.56 crore. The sharper rise in attributable profit stemmed largely from a dramatic reduction in the gap between consolidated profit after tax and the profit allocated to shareholders. Operating profitability at the EBIT level contracted, and finance costs continued to climb, but the balance sheet remained conservatively leveraged.
EBIT (profit before tax plus finance costs) stood at ₹2,592.77 crore, yielding an EBIT margin of 26.7%, down from 30.2% in the year‑ago quarter. Finance costs grew 29% year on year to ₹1,151.73 crore, further compressing profit before tax.
Net profit attributable to the company rose to ₹1,236.56 crore from ₹538.94 crore, pushing the net margin to 12.7% from 7.9%. The net profit growth far outpaced the 24% rise in profit before tax because the difference between consolidated profit after tax and attributable profit shrank sharply. After deducting tax expense of ₹155.91 crore, total profit for the period was ₹1,285.13 crore. Attributable profit of ₹1,236.56 crore was just ₹48.57 crore lower, compared with a gap of ₹503.89 crore last year. This narrowing of the allocation gap, rather than a proportional improvement in overall profitability, was the main driver of the reported earnings increase.
Revenue expanded 42% year on year, but the EBIT margin declined from 30.2% to 26.7%, showing that operating expenses grew faster than revenue. The standout increase in attributable net profit was heavily influenced by a collapse in the gap between consolidated profit after tax and the profit allocated to the company—from over ₹500 crore to under ₹50 crore. This shift in profit allocation, not solely operational expansion, drove the more-than‑doubling of attributable earnings. The balance sheet remained lightly leveraged, with a debt‑to‑equity ratio of just 0.0184 and interest coverage at 2.25 times.
Category: B2B Services
Adani Energy Solutions operates a significant network for power transmission.
Category: B2B Services
The company is involved in distributing power to a large customer base.
Category: Consumer Tech
This segment focuses on smart metering solutions.
Category: B2B Services
Adani Energy Solutions provides energy solutions tailored for commercial and industrial clients.
Category: B2B Services
The company also offers cooling solutions as part of its energy offerings.
Category: B2B Services
A focus on technology and innovation underpins its various business segments.
Core Thesis: Integrating newer technologies across power transmission, distribution, and energy solutions for a sustainable future.
• Power Transmission Network: Operating a significant network for the transmission of electricity. • Power Distribution Network: Distributing power to a large customer base across various regions. • Smart Metering Solutions: Providing advanced smart metering technology for efficient energy management. • Tailored Energy Solutions: Offering specialized energy solutions for commercial and industrial clients, including cooling.