Adani Energy Solutions Limited — Investor Meet, 27-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Adani Energy Solutions (AESL) delivered strong Q3 FY26: adjusted PAT up 30%, consolidated EBITDA up 21% to 2,200 Cr. Four transmission projects commissioned, with three more, including a key HVDC project, expected soon. Smart meter installations reached 92 lakh, targeting 1 Cr by year-end. AESL holds a ~78,000 Cr project pipeline and anticipates 70,000-80,000 Cr in new transmission bids over 12 months. C&I and Cooling are high-margin growth drivers. Net debt leverage is 4.3x; capex funded via internal accruals and asset monetization, with no new equity expected. Management is confident on ~25,000 Cr capitalization in the next 12-15 months.