Adani Energy Solutions Limited — Q1FY27 earnings call summary

Filed 28 July 2026 · Official transcript

Energy Solutions platform tied up 5,000 MW capacity, including 350 MW C&I customers; long-term contracts expected
HVDC projects commissioning in FY29; annual STU capex opportunity INR 20,000-25,000 Cr
Quarterly capex close to INR 3,500 Cr; smart meter installation at 13.4 million meters, order book 24.6 million meters
AESL transitioned to full-scale utility with 4 business verticals operating at scale in Q1 FY27
Multiple analyst queries on Energy Solutions business model, contract tenure, and margin sustainability addressed
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
Right-of-way challenges managed proactively with regional presence and parallel execution