Adani Energy, incorporated in 2013, is a Large Cap company with a market cap of Rs 88276.25 crore, operating in the Power sector.
Adani Energy’s key products/revenue segments include Traded Goods, Sale of services and Income From Construction Work for the year ending 31-Mar-2024.
Financials
For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 6000.39 crore, down -5.65% from last quarter Total Income of Rs 6359.80 crore and up 24.38% from last year same quarter Total Income of Rs 4824.42 crore. The company has reported net profit after tax of Rs 625.30 crore in the latest quarter. The company’s top management includes Mr.Gautam S Adani, Mr.Anil Sardana, Mr.Rajesh S Adani, Mr.K Jairaj, Mrs.Meera Shankar, Dr.Ravindra H Dholakia, Mrs.Lisa Caroline MacCallum. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2024, the company has a total of 120 Crore shares outstanding.
Investment Rationale
Adani Energy Solutions (AESL) reported a steady set of Q3FY25 numbers ? revenue was Rs 53.7 billion (+19% YoY), EBITDA came in at INR 16.6bn (+13% YoY) and profit was Rs 6.25billion (+80% YoY). Profit was aided by reversal of net deferred tax liability of Rs 1.85 billion. AESL?s transmission pipeline zoomed ~3x in last 12 months; in 9MFY25, the company has won five new transmission projects, including the Bhadla-Fatehpur HVDC project worth Rs 250 billion. The company also has a smart meter pipeline of 22.8mn with estimated EBITDA potential of Rs 20 billion. Distribution business continued its steady performance with energy demand up by 3% /30% YoY for Mumbai circle (AEML)/Mundra Utility (MUL). ICICI Securities maintains a BUY rating with a revised SoTP-based target price of Rs 1,101 (earlier Rs 1,318). Promoter/FII Holdings
Promoters held 69.94 per cent stake in the company as of 31-Dec-2024, while FIIs owned 17.34 per cent, DIIs 5.85 per cent.
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