Questions across 3 calls

Manish Somaiya

Cantor Fitzgerald

Adani Energy Solutions Limited

Adani Energy Solutions Limited CC-Apr26.pdf · 2026-04-24

Hi, good morning. Couple of questions. The first one is on smart metering. The installation rate was quite impressive in the fourth quarter. So I was hoping you could help us understand how we should think about 2027? And also, when I look at the book of business that you cu rrently have, which is around 24.6 million, if you could just help us get feel for when is sort of the next time you'll have an opportunity to do more tenders? And when do you expect to -- for that number to meaningfully increase?

Okay. That's super helpful. And then on the distribution side, EBIT was down about 14%. Volumes were up. Losses obviously improved. So maybe I was just hoping to get some color from you as to how we should think about distribution in fiscal '27 from a financial measure?

Adani Energy Solutions Limited CC-Sep25.pdf · 2025-10-28

A couple of questions, KP and Kunj al. Can you elaborate on parallel licensing opportunities beyond Mumbai? What circles are you targeting and what's the competitive landscape? That's question number one.

Okay, that's helpful. And then just turning to smart metering, I did see that the installation rate was down this quarter sequentially. Maybe if you can just quickly touch on that, and I'm not sure if it was because of the monsoons or the availability of talent in the field. But just on a big picture basis, you outlined a very significant untapped opportunity for smart meter in the country. So, maybe if you can just kind of help us understand the addressable opportunity for AESL over the next three to five years. And from a market share perspective, what would be the constraints?

Adani Ports and Special Economic Zone Limited

Adani Ports and Special Economic Zone Limited CC-Jun25.pdf · 2025-08-05

Congratulations again on a very strong quarter. Two questions for the team. One pertains to logistics. Obviously, very strong growth, and maybe this is a bit of an unfair question, but I guess, what is the competition not doing well in the marketplace that's allowing you to gain such a strong growth and share in logistics? And the second question pertains to Ashwani. Obviously, outside of the short -term noise that we see, it's very clear, at least to me, that you're on a strong path to your targets in 2030. And I guess from my perspective, I would love to at least get some u nderstanding of how you're thinking as you think about the next five years. So call it the 2035 plan. So if you can help us with those two questions, that would be fantastic.

Yes, Ashwani. Thank you so much for that clarification. Good luck again.