Adani Energy Solutions Q3 PAT rises 73% to ₹562 cr.
The Hindu
Adani Energy Solutions Ltd. reports a 73% rise in net profit, focusing on project commissioning and smart meter installation.
Adani Energy Solutions Ltd., which is into energy transmission and distribution, consolidated net profit for the third quarter ended December 31 rose 73% year-on-year to ₹562 crore.
Revenue for the quarter increased 28% to ₹5,830 crore.
“Continuing the growth momentum, AESL reported another strong quarter on both operating and financial metrics. The company stays focused on timely project commissioning as well as achieving operating efficiencies,” said Kandarp Patel, CEO, Adani Energy Solutions.
“The power demand trends in both utilities are encouraging and we are making progress with the installation of smart meters in all our contracts with daily average installation consistently improving. We are confident that despite a large order book of ₹54,761 crore in transmission and ₹13,600 crore in smart metering, the company will continue to deliver strong operating and financial performance,” he added.
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