Analysts/Institutional Investor Meet/Con. Call Updates

Adani Green Energy delivered strong Q1 FY27 results: energy sales +30% to 13.7B units, revenue +29% to INR 4,280 Cr, and EBITDA +33% to INR 4,122 Cr (94% margin). The company surpassed 20 GW capacity and aims for 5 GW more greenfield capacity this year.

It commissioned 1.9 GW-hour battery storage, reaching 3.5 GW-hour total, targeting 10+ GW-hour by FY27 end.

Management outlined a strategy to de-risk merchant capacity via long-term contracts with Adani Energy Limited (AESL) for predictable returns.

Curtailment impact (currently 5-7% on EBITDA) is expected to ease for Khavda by year-end.

FY27 CapEx guidance is INR 42,000 Cr.

Management expressed confidence in growth and execution.