Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 revenue grew over 50%, EBITDA up nearly 67%, PAT surged 145% - Asset base at INR83,000 Cr; capex locked at INR100,000 Cr to grow 1.3-1.4x in 4-5 years - Transmission order book steady at INR87,000 Cr; 2 new projects added - Distribution losses in Mumbai down to 4.29%; consumption +10% - Smart Metering: 14.8 million meters delivered; deployment to accelerate in H2FY27 - Energy Solutions revenue INR2,000 Cr, EBITDA INR800 Cr; 4 GW renewables tied up - Transmission capex guidance INR14,000 Cr for FY27; H2 capex INR8,000-9,000 Cr - Energy Solutions to scale to 7,000-8,000 MW PPAs over 3-4 years - Multiple analyst queries on Energy Solutions volume ramp-up and margin outlook - Net debt INR41,000 Cr; 75-80% debt fixed rate; ECB 10% of total debt