Adani Energy Solutions Limited (NSE: ADANIENSOL)

Adani Energy Solutions Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	208,318	166,074	132,927	112,575	99,263	114,160
Revenue Growth (YoY)	46.22%	24.94%	18.08%	13.41%	-13.05%	56.27%
Fuel & Purchased Power	11,480	11,191	13,842	10,660	9,726	10,182
Operations & Maintenance	6,758	6,758	5,319	4,957	4,594	3,707
Selling, General & Admin	225.2	225.2	249.7	171.5	152.6	206.5
Depreciation & Amortization	19,071	17,761	16,077	14,272	13,289	11,740
Provision for Bad Debts	170.9	170.9	152.1	183.1	271.4	5.6
Other Operating Expenses	118,440	86,013	66,065	54,354	44,875	54,931
Total Operating Expenses	156,144	122,118	101,705	84,597	72,907	80,773
Operating Income	52,174	43,956	31,223	27,978	26,356	33,387
Interest Expense	-30,683	-27,009	-27,398	-23,439	-18,930	-21,777
Interest Income	3,866	3,866	4,948	5,090	4,670	1,872
Net Interest Expense	-26,817	-23,143	-22,450	-18,349	-14,260	-19,905
Currency Exchange Gain (Loss)	-4	-4	-4.6	-10	-2,086	444.4
Other Non-Operating Income (Expenses)	-6,129	-4,930	10,226	7,277	5,708	-3,432
EBT Excluding Unusual Items	19,224	15,879	18,995	16,896	15,718	10,495
Restructuring Charges	-	-	-2,117	-	-	-
Gain (Loss) on Sale of Investments	431	431	212.4	101.2	460	615.3
Gain (Loss) on Sale of Assets	37.3	37.3	-2	-0.5	-	-45.8
Other Unusual Items	-13,611	1,449	29.5	8	21.1	2.6
Pretax Income	6,081	17,796	17,117	17,005	16,199	11,067
Income Tax Expense	2,959	5,840	4,311	4,647	3,303	4,002
Earnings From Continuing Ops.	3,123	11,956	12,806	12,358	12,896	7,065
Minority Interest in Earnings	2,251	-583.3	-242.7	-311.4	-655.3	353.3
Net Income	5,374	11,373	12,563	12,046	12,240	7,418
Preferred Dividends & Other Adjustments	-	-	198.3	2,263	2,317	3,833
Net Income to Common	5,374	11,373	12,365	9,783	9,924	3,585
Net Income Growth	-59.14%	-9.48%	4.29%	-1.59%	65.00%	32.66%
Shares Outstanding (Basic)	1,130	1,115	1,114	1,100	1,100	1,100
Shares Outstanding (Diluted)	1,130	1,115	1,114	1,100	1,100	1,100
Shares Change (YoY)	4.03%	0.16%	1.27%	-	-	-
EPS (Basic)	4.75	10.20	11.10	8.90	9.02	3.26
EPS (Diluted)	4.75	10.20	11.10	8.90	9.02	3.26
EPS Growth	-60.12%	-8.17%	24.81%	-1.42%	176.79%	41.44%
Free Cash Flow	-2,928	6,081	-9,252	-942.5	-1,680	26,745
Free Cash Flow Per Share	-2.59	5.45	-8.31	-0.86	-1.53	24.32
Profit Margin	2.58%	6.85%	9.30%	8.69%	10.00%	3.14%
Free Cash Flow Margin	-1.41%	3.66%	-6.96%	-0.84%	-1.69%	23.43%
EBITDA	70,548	61,020	46,709	41,751	39,261	44,756
EBITDA Margin	33.87%	36.74%	35.14%	37.09%	39.55%	39.20%
D&A For EBITDA	18,374	17,064	15,486	13,773	12,905	11,369
EBIT	52,174	43,956	31,223	27,978	26,356	33,387
EBIT Margin	25.05%	26.47%	23.49%	24.85%	26.55%	29.25%
Effective Tax Rate	48.65%	32.81%	25.19%	27.33%	20.39%	36.16%
Revenue as Reported	215,294	172,183	138,405	118,615	104,589	116,813

Source: S&P Capital IQ. Utility template. Financial Sources.