ADANIENSOL · Power
Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
Other income was 37% of profit before tax.
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4,563 cr | ₹4,707 cr | ₹5,379 cr | ₹6,184 cr | ₹5,830 cr | ₹6,375 cr | ₹6,819 cr | ₹6,596 cr | ₹6,730 cr | ₹7,443 cr | ₹9,711 cr | ₹10,076 cr |
| YoY | — | — | +47% | +68% | +28% | +35% | +27% | +7% | +15% | +17% | +42% | +53% |
| EBITDA margin | 32.2% | 33.3% | 30.7% | 27.7% | 28.5% | 32.0% | 26.6% | 29.6% | 29.6% | 28.8% | 31.0% | 30.8% |
| Other income, % of PBT | 51% | 37% | — | 30% | 30% | 23% | 31% | 23% | 27% | 25% | 12% | 25% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 32% | 31% | — | −30% | −12% | 27% | 18% | 25% | 28% | 21% | 14% | 23% |
| Net profit | ₹348 cr | ₹381 cr | −₹1,191 cr | ₹773 cr | ₹625 cr | ₹714 cr | ₹539 cr | ₹557 cr | ₹574 cr | ₹723 cr | ₹1,237 cr | ₹1,364 cr |
| YoY | — | — | −754% | +172% | +80% | +87% | — | −28% | −8% | +1% | +129% | +145% |
| Core profit YoY | — | — | +46% | +51% | +54% | +116% | +32% | +38% | +51% | −9% | +181% | +130% |
| EPS | ₹2.91 | ₹3.24 | −₹7.39 | ₹5.62 | ₹4.68 | ₹5.39 | ₹4.27 | ₹4.44 | ₹4.60 | ₹5.69 | ₹9.57 | ₹10.82 |
| Flags | 1 | 1 | 2 | 3 | 3 | ✓ | 2 | ✓ | ✓ | 1 | ✓ | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Adani Energy Solutions Ltd. reported revenue of ₹4,707 cr (— on the year) and net profit of ₹381 cr (— on the year) for January to March 2024.
1 check raised a question: Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
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