Adani Energy Solutions posts Q3FY24 profit at Rs 324.90 cr; revenue up 28.5% on newly commissioned transmission projects
Adani Energy Solutions Ltd on Monday recorded its third quarter profit for the financial year 2023-24 at Rs 324.90 crore, down 31.6 per cent in comparison to Rs 474.72 crore during the corresponding quarter of FY23. It posted revenue from operations at Rs 4562.73 crore, up 28.5 per cent as against Rs 3551.7 crore during the same period last year. The company EBITDA was at Rs 1527.3 crore, up 3.4 per cent on-year.
The company stated that revenue growth was on account of the newly commissioned transmission projects and higher energy consumption in the distribution business. Key transmission projects, it added, included the 765 KV KBTL (Khavda Bhuj line), with 217 circuit kilometers which got charged during the quarter.
