On a sequential foundation, income fell 3%, with transmission and distribution companies contributing the majority of turnover.
Section income for the September quarter confirmed transmission at Rs 2,372 crore, distribution at Rs 3,118 crore, and sensible meter income surging to Rs 182 crore.
Bills for the quarter elevated to Rs 5,688 crore, in contrast with Rs 5,694 crore within the year-ago interval.
Working revenue earlier than distinctive objects, tax, and deferred belongings got here in at Rs 746 crore, in contrast with Rs 658 crore within the earlier quarter and Rs 594 crore in the identical interval final yr.
The Q2 income enhance, in accordance with the corporate, is extra pronounced as a result of full contribution from the transmission belongings and higher vitality demand development recorded in distribution circles together with the rising contribution from sensible metering enterprise.The Adani Group firm has been increasing its presence in sensible metering, cross-country transmission, and distribution belongings.The capex in first half has elevated by 1.36x to Rs 5,976 crore, as in opposition to Rs 4,400 crore a yr in the past. Throughout this era, the corporate commissioned three transmission tasks – Khavda Part II Half-A, Khavda Pooling Station – 1 (KPS-1) and Sangod transmission.
In sensible meters enterprise, it put in 42.4 lakh new meters this yr, thereby reaching a complete mark of 73.7 lakh put in meters. The corporate stated it’s on observe to surpass 1 crore cumulative sensible meters by the tip of FY26.
Adani Power stated it anticipates important enhance in capex roll out throughout the remainder of the yr, whereas anticipating momentum in bid exercise throughout the remainder of the yr
With current wins, the corporate’s mixture transmission underneath development pipeline stands at Rs 60,004 crore and sensible metering orderbook of two.46 crore meters with a income potential of Rs 29,519 crore.
“The near-term tendering pipeline within the transmission sector is stable at Rs 96,000 crore. Whereas the countrywide market alternative in sensible metering stays strong at 104 million meter,” the corporate stated in a submitting.
On Monday, Adani Power shares closed marginally greater at Rs 945.05 on NSE.
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