Adani Energy Solutions reported a 6% year-on-year (YoY) increase in consolidated net profit, reaching ₹684 crore for the fourth quarter. Despite this positive financial performance, the company's shares dropped 3.3% to ₹1,317 on the Bombay Stock Exchange (BSE). Revenue from operations rose 17% YoY to ₹7,443 crore, bolstered by key projects such as the Mumbai High Voltage Direct Current (HVDC) and North Karanpura Transmission. The company's total income, including engineering, procurement, and construction (EPC) and service concession income, increased by 15%, reflecting robust capital expenditure execution and improved performance across segments. EBITDA for the quarter was ₹2,372 crore, marking a 5% YoY rise, while operational EBITDA grew by 13%, indicating stable core business performance. The transmission segment was the main revenue contributor, with a 7% YoY increase in operating revenue to ₹1,286 crore. In contrast, the distribution business's revenue remained steady at ₹2,869 crore, but EBITDA fell by 4%. Notably, the smart metering segment saw significant growth, with revenue jumping to ₹215 crore. For the full fiscal year 2026, total income reached ₹28,325 crore, a 15.9% YoY increase, while net profit rose to ₹2,393 crore.