Adani Energy Solutions’ net profit more than doubled to ₹1,364 crore in the September quarter, driven by strong performance in its core transmission and distribution businesses.

The privately-owned power distributor’s revenue rose 51.3% year-on-year (YoY) to ₹10,239 crore.

Profit before tax in the transmission business increased 26.2%, while the distribution business reported a 42.4% rise during the quarter.

The company’s transmission network expanded 11.4% year-on-year to 29,739 circuit kilometres (cKm) during the reported period.

Adani Electricity Mumbai Ltd distributed 2,930 million units of power in the September quarter, up 10.6% from a year earlier.

The cumulative number of smart meters billed also increased to 1.8 million from 1.6 million in the corresponding quarter last year.