Adani Energy Solutions Shares Fall on Q2 Profit Miss

Shares of Adani Energy Solutions (ADANIENSOL) slipped 2.3% to ₹924.6, marking their worst session in a month.

The company reported a ~21% year-on-year decline in Q2 consolidated net profit, impacted by a ₹3.34 billion expense related to regulatory adjustment balance changes and a ₹1.87 billion tax expense.

Despite the profit dip, revenue rose ~7% y/y. Year-to-date, the stock remains up ~15%.

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