Adani Energy Solutions Q2 FY27 Results on Oct 22, Investor Call on Oct 23: What to Watch
Adani Group Stocks to Watch as Four Companies Announce Q2 Results
Four Adani Group companies are set to announce their September-quarter results this week, putting their shares on investors’ watchlists as the earnings season gathers pace. Adani Green Energy, Adani Energy Solutions, Adani Total Gas and Adani Power will report their Q2 FY27 and half-yearly financial results on different dates between October 21 and October 23, 2026.
The upcoming earnings announcements could influence trading sentiment across the group’s energy, power and utility businesses. Investors will be watching revenue growth, profitability, project execution and management commentary for clues about future performance.
The stocks have delivered mixed returns over different periods. While Adani Energy Solutions and Adani Power have recorded strong gains over three years, Adani Total Gas has struggled to generate positive returns over the same period.
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Adani Energy Solutions Q2 FY27 Results Date Is October 21
Adani Green Energy’s board is scheduled to meet on Wednesday, October 21, to consider and approve the unaudited financial results for Q2 FY27 and the first half of the financial year. The company’s investor call is scheduled for Thursday, October 22.
Adani Green Energy shares closed 0.46% lower at Rs 1,300 on the BSE on Friday, October 16. The company had a market capitalisation of approximately Rs 2,14,132.90 crore.
The stock has gained 22.64% over one year but declined 25.78% over two years. Investors will look for updates on renewable energy capacity, project commissioning, power generation and the company’s ability to translate its expansion plans into earnings.
Adani Group Q2 results schedule
|
Adani Group company |
Q2 FY27 results date |
Investor/analyst call |
|---|---|---|
| Adani Green Energy | Wednesday, October 21, 2026 | Thursday, October 22 |
| Adani Energy Solutions | Thursday, October 22, 2026 | Friday, October 23 |
| Adani Total Gas | Thursday, October 22, 2026 | Friday, October 23 |
| Adani Power | Friday, October 23, 2026 | Monday, October 26 |
Adani Energy Solutions Q2 FY27 Results: Key Expectations and Metrics to Watch
Results preview | October 2026
Adani Energy Solutions Ltd (AESL) is scheduled to hold its board meeting on Thursday, October 22, 2026, to consider its Q2 FY27 and half-yearly financial results. The investor conference call is scheduled for Friday, October 23, according to the reports provided.
Investors will focus on revenue and profit growth, smart-meter deployment, transmission project execution, EBITDA margins and the utilisation of funds raised through the qualified institutional placement (QIP).
Q1 FY27 performance: The base for comparison
Adani Energy Solutions delivered strong year-on-year growth in Q1 FY27, providing a useful benchmark for the September-quarter results.
| Financial metric | Q1 FY27 reported figure | Year-on-year change |
|---|---|---|
| Revenue from operations | ₹9,711.08 crore | +42.4% |
| Operating EBITDA | ₹2,779 crore | +20% approximately, depending on the EBITDA definition used |
| Consolidated net profit | ₹1,236.56 crore in the Cofacto preview | +130% approximately |
| EBITDA margin | 30.98% | Lower than 33.94% in Q1 FY26 |
Five key expectations for Adani Energy Solutions Q2 FY27 results
1. Revenue and profit growth: Investors will assess whether AESL can sustain its Q1 FY27 growth momentum, when total income rose 40% year-on-year to ₹9,852 crore and profit after tax increased to approximately ₹1,237 crore.
2. Smart-meter installation pace: AESL reported 13.44 million cumulative smart-meter installations in Q1 FY27. Investors will watch for further installations, billing progress and conversion of its smart-meter order book into revenue.
3. Transmission projects and order book: Progress on major transmission projects, including Khavda-linked infrastructure and the Bhadla–Fatehpur HVDC project, will be important for assessing future revenue visibility and execution.
4. EBITDA margin stabilisation: Q1 FY27 EBITDA was reported at ₹3,178 crore, with a margin of 30.98%, compared with 33.94% a year earlier. Investors will look for signs of margin recovery and better cost management.
5. QIP proceeds and capital expenditure: Investors will monitor the deployment of the ₹3,500 crore raised through the July 2026 QIP, including project funding, capital expenditure requirements and debt management.
Share prices and investor returns
The following figures are based on the October 16, 2026, closing prices and returns reported by LiveMint.
| Company | BSE closing price | 1-year return | 2-year return | 3-year return |
|---|---|---|---|---|
| Adani Green Energy | ₹1,300.00 | +22.64% | −25.78% | Not specified |
| Adani Energy Solutions | ₹1,360.00 | +43.60% | +31.64% | +75.55% |
| Adani Total Gas | ₹579.55 | −6.79% | −22.36% | −2.63% |
| Adani Power | ₹195.75 | +24.44% | +56.46% | +196.00% |
Returns are historical performance, not forecasts. Figures are as reported in the source and may differ from current market data.
Adani Energy Solutions Q2 Results Are Due on October 22
Adani Energy Solutions will hold its board meeting on Thursday, October 22, to review and approve its quarterly and half-yearly results. The investor conference call is scheduled for Friday, October 23.
The stock closed 0.54% lower at Rs 1,360 on the BSE on October 16, giving the company a market capitalisation of approximately Rs 1,66,321.81 crore. Its shares have gained 43.6% over one year, 31.64% over two years and 75.55% over three years.
Investors will closely monitor smart meter deployment, transmission project execution and operating margins. The company’s smart metering order book was valued at Rs 13,600 crore, while its transmission order book stood at Rs 54,761 crore, according to the supplied information.
The last reported EBITDA margin baseline was 30.98%. Investors may also look for clarity on how the Rs 3,500 crore raised through a qualified institutional placement in July 2026 will support capital expenditure.
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Key factors to watch in the Q2 results
| Company | Key metrics and developments |
|---|---|
| Adani Green Energy | Renewable capacity additions, power generation, revenue growth and project execution |
| Adani Energy Solutions | Smart meter installations, transmission project execution, EBITDA margins and capital expenditure |
| Adani Total Gas | CNG and PNG volume growth, gas costs, distribution expansion and operating margins |
| Adani Power | Power generation, plant utilisation, electricity tariffs, fuel costs and profitability |
For Adani Energy Solutions, investors will also watch progress on its smart-metering and transmission order books, alongside execution and capital allocation.
Adani Total Gas Q2 Results Date Is October 22
Adani Total Gas is scheduled to announce its Q2 FY27 and half-yearly results on Thursday, October 22. Its investor conference call is also scheduled for Friday, October 23.
Adani Total Gas shares closed 0.40% higher at Rs 579.55 on the BSE on October 16. Its market capitalisation stood at approximately Rs 63,739.49 crore.
The stock has declined 6.79% over one year, 22.36% over two years and 2.63% over three years. Investors will watch volume growth, margins, gas distribution demand and management commentary on business expansion to assess whether the company can improve its performance.
Read More : Axis Bank Q2 FY27 Results: Profit Is Up 37.6%, So Why Are Shares Falling?
Adani Power Q2 Results Are Scheduled for October 23
Adani Power’s board meeting is scheduled for Friday, October 23, to consider its quarterly financial results. Its investor and analyst call is scheduled for Monday, October 26.
The stock closed 0.28% lower at Rs 195.75 on the BSE on October 16, with a market capitalisation of approximately Rs 3,77,497.90 crore.
Adani Power has delivered returns of 24.44% over one year, 56.46% over two years and around 196% over three years. Investors will focus on electricity demand, plant utilisation, power tariffs, fuel costs and profitability.
Key risks that could affect the stock
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Execution risk: Delays in commissioning transmission projects or installing smart meters could defer revenue.
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Margin risk: Higher operating and construction costs could affect profitability.
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Funding risk: Large capital expenditure requires disciplined financing and cash management.
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Regulatory risk: Tariff approvals, power-purchase cost recovery and other regulatory decisions may affect distribution economics.
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Valuation risk: Strong reported growth does not necessarily mean the stock is attractively valued at its current market price.
Here’s What Happened Today and Why Traders Reacted
The four stocks ended Friday’s session with mixed movements, reflecting different investor expectations across the Adani Group’s businesses. Adani Energy Solutions, Adani Green Energy and Adani Power closed lower, while Adani Total Gas recorded a modest gain.
With the Q2 results approaching, traders may react to earnings surprises, changes in margins and management guidance. However, the supplied share-price movements alone do not establish that investors were positioning specifically for the results.
What Adani Group Investors Should Watch After the Results
The upcoming earnings announcements could provide fresh direction for Adani Group stocks, but the impact will depend on actual financial performance and forward guidance rather than revenue or profit growth alone.
Investors should compare results with the corresponding year-ago quarter, examine debt and cash flows, and assess project execution and capital expenditure requirements. For energy and utility businesses, margins, demand trends and funding costs can be particularly important.
