Adani Energy Solutions Ltd · NSE:ADANIENSOL
Adani Energy Solutions — Q2 FY27 Earnings Presentation
25 slides from Adani Energy Solutions's earnings presentation, October 2026
Slide 1: Adani Energy Solutions Limited Q2 & 1H FY27 Provisional Operational Update
Adani Energy Solutions Limited Q2 & 1H FY27 Provisional Operational Update | October 2026
Slide 2: Contents
Contents 1 Adani Portfolio 2 Q2FY27 Executive Summary 3 Q2FY27 Operational Highlights 4 1HFY27 Operational Highlights 5 Annexure: • Operational and Under-construction Asset Portfolio STRICTLY CONFIDENTIAL
Slide 3: Adani Portfolio
1 Adani Portfolio STRICTLY CONFIDENTIAL
Slide 4: Adani Portfolio: A World Class Infrastructure & Utility Portfolio
Adani Portfolio: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Other Incubator Materials, Metal Energy & Utility Transport & Logistics Specialty & Mining (74.84%) (62.43%) (74.96%) (66.03%) (67.29%)3 AEL1 AGEL APL APSEZ Ports & Log
Slide 5: Adani Portfolio: Best-in class growth with national footprint
Adani Portfolio: Best-in class growth with national footprint All figures in INR cr Predictable, high and rising free cash flow National footprint with deep coverage EBITDA Tax paid 94,834 Finance cost paid CAT (FFO) 67,995 (72%) EBITDA 24,870 AEL 12,784 APSEZ (51%) 22,259 Adani’s Core Infra. AGEL (
Slide 6: Adani Portfolio: Repeatable, robust & proven transformative model of investment
Adani Portfolio: Repeatable, robust & proven transformative model of investment DEVELOPMENT1 OPERATIONS CONSUMERS 2 New C.E.O. Adani Infra (India) Limited | Cemindia Projects Ltd. | PSP Projects Ltd. Operations (AIMSL) Consumer I Employees I Other Stakeholders Origination Site Development Constructi
Slide 7: AESL: A platform well-positioned to leverage growth opportunities in energy domain
AESL: A platform well-positioned to leverage growth opportunities in energy domain RAB expansion through Execution Prowess Strategic Presence Asset Hardening in Discoms Transmission Network of Transmission - Presence in 14 states 8% CAGR growth in RAB in Mumbai Development 29,802 ckm(1) Distribution
Slide 8: Q2FY27 – Executive Summary
2 Q2FY27 – Executive Summary STRICTLY CONFIDENTIAL
Slide 9: AESL: Executive Summary – Performance in Q2FY27
AESL: Executive Summary – Performance in Q2FY27 • System availability remains robust at 99.8% Transmission • During Q2 FY27, AESL secured two projects Vizag Power Transmission Limited and Satara Business Updates: Business Power Transmission Limited. As a result, the aggregate orderbook over 15 proje
Slide 10: Q2FY27 Operational Performance (YoY)
3 Q2FY27 Operational Performance (YoY) STRICTLY CONFIDENTIAL
Slide 11: AESL: Transmission Utility – Key Operating Metrics Q2FY27 (YoY)
AESL: Transmission Utility – Key Operating Metrics Q2FY27 (YoY) Transmission Network Length(2)(3) (ckm) Power Transformation Capacity(2) (MVA) 29,802 1,43,425 26,705 97,236 New order win boosted the Transformation capacity transmission network, reflecting expanded with new project strong bidding cap
Slide 12: AEML: Distribution Utility – Key Operating Metrics Q2FY27 (YoY)
AEML: Distribution Utility – Key Operating Metrics Q2FY27 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI SAIFI SAIDI CAIDI 99.999% 99.999% 35.77 26.47 Maintained supply Maintained system reliability at 99.99% reliability with stable SAIDI, and SA
Slide 13: AEML: Distribution Utility – Key Operating Metrics Q2FY27 (YoY)
AEML: Distribution Utility – Key Operating Metrics Q2FY27 (YoY) Consumer Base (million) Distribution Loss (%) E-payment (% of total collection) 4.36% 87.37% 3.29 85.33% 3.25 3.30%(1) E-payment share The consumer base in Consistently improving increased due to digital the Mumbai circle with operation
Slide 14: AEML and MUL: Volume and Consumer Mix Q2FY27 (YoY)
AEML and MUL: Volume and Consumer Mix Q2FY27 (YoY) AEML – Total Units Sold (MUs) MUL – Total Units Sold (MUs) 2,930 460 2,650 364 Total units sold (MUs) Total units sold (MUs) Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 AEML - Consumer-wise volume mix % AEML - Consumer-wise revenue mix % 48% 50% 49% 48% 38% 38%
Slide 15: 1HFY27 Operational Performance (YoY)
4 1HFY27 Operational Performance (YoY) STRICTLY CONFIDENTIAL
Slide 16: AESL: Transmission Utility – Key Operating Metrics 1HFY27 (YoY)
AESL: Transmission Utility – Key Operating Metrics 1HFY27 (YoY) Transmission Network Length(2)(3) (ckm) Power Transformation Capacity(2) (MVA) 29,802 1,43,425 26,705 97,236 New order wins boosted the Transformation capacity transmission network, reflecting continues to expand with new strong bidding
Slide 17: AEML: Distribution Utility – Key Operating Metrics 1HFY27 (YoY)
AEML: Distribution Utility – Key Operating Metrics 1HFY27 (YoY) Supply Reliability (ASAI) (%) SAIDI (mins), SAIFI (nos.) and CAIDI (mins)(1) SAIFI SAIDI CAIDI SAIFI SAIDI CAIDI 99.998% 99.997% 31.82 32.37 Reliability metrics were Maintained supply impacted by extreme reliability at 99.99% heatwave c
Slide 18: AEML: Distribution Utility – Key Operating Metrics 1HFY27 (YoY)
AEML: Distribution Utility – Key Operating Metrics 1HFY27 (YoY) Consumer Base (million) Distribution Loss (%) E-payment (% of total collection) 4.30% 4.29%* 87.54% 3.29 85.50% 3.25 E-payment share The consumer base in Distribution loss increased due to digital the Mumbai circle consistently improvin
Slide 19: AEML and MUL: Volume and Consumer Mix 1HFY27 (YoY)
AEML and MUL: Volume and Consumer Mix 1HFY27 (YoY) AEML – Total Units Sold (MUs) MUL – Total Units Sold (MUs) 6,190 885 5,589 635 Total units sold (MUs) Total units sold (MUs) 1HFY26 1HFY27 1HFY26 1HFY27 AEML - Consumer-wise volume mix % AEML - Consumer-wise revenue mix % 51% 52% 51% 50% 37% 37% 38%
Slide 20: Annexure
5 Annexure STRICTLY CONFIDENTIAL
Slide 21: AESL: Operational Asset Portfolio as of September 2026
AESL: Operational Asset Portfolio as of September 2026 Transmission Line Transformation Contract Sr No. Projects Name Transmission Line (Asset Details) Length (ckm) Capacity (MVA) Type 1 Adani Transmission India Limited (ATIL) Mundra – Dehgam, Mundra – Mohindergarh and Tiroda – Warora 3,834 6,630 RO
Slide 22: AESL: Transmission Under-construction Asset Portfolio as of September 2026
AESL: Transmission Under-construction Asset Portfolio as of September 2026 Transmission Line Transformation Contract Levelized Tariff / Sr No. Projects Name Transmission Line (Asset Details) Length (ckm) Capacity (MVA) Type Billing (Rs Crores) 1 WRSR Transmission Limited (WRSR) WRSR (Narendra – Pune
Slide 23: AESL: Smart Metering Under-construction Portfolio as of September 2026
AESL: Smart Metering Under-construction Portfolio as of September 2026 Smart Meters Revenue Potential Contract Period Contract Month of Sr No. Projects Name Coverage Area Qty (Mn) (Rs Cr) (months) Type Award Sept & Oct’22 1 Brihanmumbai Electric Supply & Transport Undertaking (BEST) Mumbai (BEST Cir
Slide 24: Thank You
Thank You STRICTLY CONFIDENTIAL
Slide 25: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Adani Energy Solutions Limited (“AESL”),the future outlook and growth prospects, and
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