Adani Energy Solutions' Q2 profit more than doubles on 53% revenue growth

What happened

• Adani Energy Solutions reported revenue from operations of ₹10,075.54 crore for the September 2026 quarter, up 53% from ₹6,595.83 crore, both Upstox and Free Press Journal reported.
• The two outlets give different profit totals. Upstox put net profit at ₹1,322.85 crore against ₹533.97 crore a year earlier and ₹1,149.06 crore in the June quarter. Free Press Journal gave consolidated net profit as ₹1,363.92 crore against ₹557.10 crore, up 145%. The gap may reflect different profit bases; neither outlet said.
• Upstox reported EBITDA of ₹3,101 crore against ₹2,289 crore, with the margin at 30.7% against 34.7%. Free Press Journal gave profit before tax as ₹1,483.60 crore against ₹1,079.32 crore, and total expenses as ₹8,755.73 crore against ₹5,687.83 crore.
• Free Press Journal's report is timed at 3:31 PM and Upstox's at 3:45 PM, just after the 3:30 PM close. The shares closed at ₹1,292.10 against ₹1,324 on Kite data, a fall of 2.41% by my calculation.

Why it matters

Good to know: EBITDA margin is operating profit before depreciation, interest and tax as a share of revenue. It can fall while profit rises, as here, if revenue grows faster than operating profit.

Key facts

Revenue from operations

₹10,075.54 crore (₹6,595.83 crore), up 53%

Net profit, per Upstox

₹1,322.85 crore (₹533.97 crore a year earlier)

Consolidated net profit, per Free Press Journal

₹1,363.92 crore (₹557.10 crore), up 145%

EBITDA, per Upstox

₹3,101 crore (₹2,289 crore); margin 30.7% (34.7%)

Profit before tax, per Free Press Journal

₹1,483.60 crore (₹1,079.32 crore)

Read the source

• Adani Energy Solutions Q2 results: Profit soars over twofold YoY to ₹1,323 crore, revenue surges 53%Upstox
• Adani Energy Solutions Q2 FY27 Net Profit Jumps 145% To ₹1,364 Crore; Revenue Rises 53%Free Press Journal