Adani Energy Solutions Q2: profit ₹1,364 crore, up 145%, helped by a ₹1,581 crore tax write-back

Adani Energy Solutions, which runs power transmission lines and electricity distribution in Mumbai, reported a consolidated profit of ₹1,363.92 crore for July–September, up 144.84% from ₹557.10 crore a year earlier and 10.29% from the previous quarter, Trade Brains reported. Revenue from operations rose 52.76% to ₹10,075.54 crore. Profit attributable to shareholders was ₹1,322.85 crore.

A one-time item explains much of the jump. Kotak Neo reported a tax write-back of ₹1,581 crore, meaning the company reversed tax it had set aside earlier, which lifts reported profit without coming from day-to-day business. Operating profit (EBITDA) rose 35.5% to ₹3,101.5 crore, but the EBITDA margin fell to 30.7% from 34.7%.

Key takeaway: when profit grows much faster than operating profit, look for one-time items like tax write-backs before reading too much into the headline number.

These figures are as reported by news outlets; the company's NSE filing was not yet available to us and will be checked.