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Adani Energy Solutions Reports Higher Segment Revenues

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Adani Energy Solutions Tuesday posted year-over-year increases in quarterly revenue across all business units, led by the energy solutions platform and the transmission segment.

For the quarter ended June 30, the energy solutions platform generated 19.07 billion Indian rupees ($198.08 million) in revenue, a jump from the 2.10 billion rupees a year earlier.

The transmission segment also recorded a significant rise in revenue, results showed, as it recorded a year-over-year growth to 33.35 billion rupees from 21.88 billion rupees.

The distribution segment also contributed to higher revenue after generating 35.20 billion rupees during the quarter, compared with the previous year's 33.60 billion rupees.

The smart meter unit and other business also added to strong quarterly revenue, according to the report.

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