Transcript of Earnings Call pertaining to the Unaudited Financial Results of the Company for Q1 FY 27

AI summary - AESL transitioned to full-scale utility with 4 business verticals operating at scale in Q1 FY27 - Quarterly capex close to INR 3,500 Cr; smart meter installation at 13.4 million meters, order book 24.6 million meters - Energy Solutions platform tied up 5,000 MW capacity, including 350 MW C&I customers; long-term contracts expected - Energy Solutions EBIT ~INR 590 Cr; 3,325 million units from long-term contracts, 9,800 million units from services - Targeting 7.5 GW market opportunity by 2031 in Energy Solutions, including data centers and distribution companies - HVDC projects commissioning in FY29; annual STU capex opportunity INR 20,000-25,000 Cr - Right-of-way challenges managed proactively with regional presence and parallel execution - Multiple analyst queries on Energy Solutions business model, contract tenure, and margin sustainability addressed