Adani Energy Solutions Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	-	21,904	7,421	1,906	1,891	2,637
Short-Term Investments	-	9,733	7,515	6,798	8,204	55.9
Trading Asset Securities	-	22,566	4,269	10,462	2,605	1,748
Accounts Receivable	-	49,833	40,354	31,569	18,905	22,798
Other Receivables	-	1,377	1,645	1,466	1,456	206.3
Inventory	-	6,252	2,553	1,519	2,501	2,337
Prepaid Expenses	-	872.9	401.9	463.4	604.1	357.9
Loans Receivable Current	-	64.5	4,078	4,772	78.1	244.3
Other Current Assets	-	23,264	12,232	10,475	7,294	15,215
Total Current Assets	-	135,865	80,468	69,430	43,537	45,600
Property, Plant & Equipment	-	435,406	402,225	371,479	336,382	306,241
Regulatory Assets	-	30,876	15,714	19,638	11,240	4,395
Goodwill	-	5,983	5,983	5,983	5,983	5,929
Other Intangible Assets	-	11,181	11,016	10,994	10,955	10,247
Long-Term Investments	-	0.1	-	-	-	-
Long-Term Loans Receivable	-	158.8	225.1	261	11,285	10,738
Long-Term Deferred Tax Assets	-	578.5	404.3	-	-	-
Long-Term Accounts Receivable	-	43,641	8,037	8,670	10,683	1,591
Other Long-Term Assets	-	75,911	61,716	52,862	44,576	47,594
Total Assets	-	739,601	585,788	539,318	474,641	432,336
Accounts Payable	-	29,556	15,159	18,004	16,079	12,410
Accrued Expenses	-	11,357	9,720	6,382	5,252	4,499
Short-Term Debt	-	19,825	25,479	21,866	14,554	19,665
Current Portion of Long-Term Debt	-	12,313	9,014	6,818	5,851	11,857
Current Unearned Revenue	-	229.7	152.4	129	111.2	97.8
Current Portion of Leases	-	340.2	309.4	195	210.9	450.7
Current Income Taxes Payable	-	50.9	31.8	80.1	123.4	64.8
Other Current Liabilities	-	25,555	19,764	16,698	14,384	15,127
Total Current Liabilities	-	99,227	79,629	70,173	56,567	64,171
Long-Term Debt	-	369,923	335,596	313,304	277,740	238,088
Long-Term Leases	-	508.3	454.9	516.9	661.2	889.1
Long-Term Unearned Revenue	-	-	-	3,330	2,903	2,318
Pension & Post-Retirement Benefits	-	2,607	2,398	1,825	1,970	1,684
Long-Term Deferred Tax Liabilities	-	17,538	16,528	14,243	14,145	11,864
Other Long-Term Liabilities	-	19,686	14,151	7,168	10,591	13,095
Total Liabilities	-	509,488	448,757	410,560	364,576	332,107
Common Stock	-	12,013	11,155	11,155	10,998	10,998
Additional Paid-In Capital	-	119,488	38,343	38,343	-	-
Retained Earnings	-	68,586	57,992	46,848	34,920	25,022
Comprehensive Income & Other	-	20,595	18,926	21,146	53,210	53,173
Total Common Equity	233,838	220,682	126,416	117,492	99,128	89,193
Minority Interest	-	9,431	10,616	11,266	10,937	11,036
Shareholders' Equity	244,008	230,113	137,031	128,758	110,065	100,229
Total Liabilities & Equity	-	739,601	585,788	539,318	474,641	432,336
Total Debt	455,450	402,909	370,853	342,700	299,018	270,950
Net Cash (Debt)	-392,155	-348,707	-351,649	-323,534	-286,318	-266,509
Net Cash Per Share	-326.75	-297.68	-315.24	-290.50	-260.33	-242.32
Filing Date Shares Outstanding	1,201	1,201	1,115	1,115	1,100	1,100
Total Common Shares Outstanding	1,201	1,201	1,115	1,115	1,100	1,100
Working Capital	-	36,638	839.1	-742.6	-13,030	-18,571
Book Value Per Share	194.44	183.71	113.33	105.33	62.35	55.37
Tangible Book Value	216,632	203,518	109,417	100,515	82,191	73,017
Tangible Book Value Per Share	180.13	169.42	98.09	90.11	46.95	40.66
Land	-	21,024	30,097	28,992	28,606	27,638
Buildings	-	12,290	13,714	11,941	11,179	10,282
Machinery	-	443,635	416,549	340,981	302,879	263,732
Construction In Progress	-	56,954	30,027	62,004	50,602	52,397

Source: S&P Global Market Intelligence. Utility template. Financial Sources.