Other foreign portfolio investors (FPIs) with substantial stakes in Adani Energy Solutions include INQ Holding LLC and GQG Partners. INQ Holding owns a 1.1% stake, while GQG Partners holds 5.2% in the company. For the quarter ended June 2025, Adani Energy Solutions reported a net profit of ₹512 crore, a sharp turnaround from a net loss of ₹824 crore in the same quarter last year.