Adani Energy Solutions Limited — Q2FY27 earnings call summary

Filed 30 October 2026 · Official transcript

Multiple analyst queries on Energy Solutions volume ramp-up and margin outlook
Transmission order book steady at INR87,000 Cr; 2 new projects added
Transmission capex guidance INR14,000 Cr for FY27; H2 capex INR8,000-9,000 Cr
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
Energy Solutions revenue INR2,000 Cr, EBITDA INR800 Cr; 4 GW renewables tied up
Distribution losses in Mumbai down to 4.29%; consumption +10%
Smart Metering: 14.8 million meters delivered; deployment to accelerate in H2FY27