Adani Energy's profit jumps 79%. But is 147 P/E justifiable?

Adani Energy Solutions just clocked a 79 per cent jump in net profit in Q4 FY25—that's not a typo. Revenue surged 35 per cent, margins expanded, and its project pipeline is bursting at the seams. Sounds great, right? And yet, here's the catch: the stock is trading at 147 times earnings . For an infra play, that's rare air—and investors have to ask: is the business moving faster than the fundamentals can keep up with? Adani Energy Solutions Q4 FY25 highlights Metric Q4 FY25 YoY change Revenue Rs 6,374 crore +35 per cent Net profit Rs 647 crore +79 per cent EBITDA Rs 2,251 crore +44 per cent EBITDA margin 35.3 per cent +200 bps Order book Rs 59,396 crore 3.5x YoY That's a big operation