Event Type: Q2 and FY27 Earnings Conference Call hosted by Antique Stock Broking Limited, comprising opening remarks followed by a Q&A session.

Date and Time: The conference call was held on October 26, 2026. The specific time and time zone were not disclosed in the provided transcript.

Purpose: Discussion of quarterly results (Q2 FY27) and strategic updates, including operational performance, financial results, capacity expansion projects, and market outlook.

Management Participants:

  • Mr. Shersingh B. Khyalia – Chief Executive Officer
  • Mr. Dilip Jha – Chief Financial Officer
  • Mr. Nishit Dave – Head, Investor Relations

Moderator: Mr. Ishan Verma from Antique Stock Broking Limited.

Availability of Materials: The quarterly results and analyst presentation were stated to be available on the stock exchanges and the company's website (www.adanipower.com). The transcript of the call was filed with the NSE on October 30, 2026, and is also available on the company's website.

UPSI Statement: The moderator's opening remarks included a standard caution that the call "may contain forward-looking statements about the company" and that "these statements are not the guarantee of future performance." There was no explicit statement that no Unpublished Price Sensitive Information (UPSI) would be shared.

Financial Period Discussed: The primary discussion was focused on Q2 FY27 (Quarter ended September 2026) and H1 FY27 (April-September 2026) financial and operational performance.

Key Financial Highlights from Call:

  • Consolidated Profit After Tax (PAT): Rose 141.5% YoY to ₹7,019 crore in Q2 FY27 (from ₹2,906 cr in Q2 FY26). H1 FY27 PAT stood at ₹11,886 crore, up 91.4% YoY.
  • Revenue: Total Continuing Revenue grew 28.5% YoY to ₹17,528 crore in Q2. Reported Revenue, including one-time items, was ₹19,951 crore for the quarter.
  • EBITDA: Continuing EBITDA was ₹6,321 crore in Q2 (up 18.5% YoY). Reported EBITDA was ₹8,743 crore (up 45.7% YoY), aided by a one-time prior period revenue recognition of ₹2,422 crore.
  • Sales Volume: Power sales volume grew 11.5% YoY to 26.4 Billion Units (BU) in Q2. H1 volume was 55.1 BU, up 14.3% YoY.
  • Plant Load Factor (PLF): Improved to 70.1% in Q2 from 62.8% in Q2 FY26. H1 PLF was 74.1%.
  • Finance Cost: Decreased by 9.7% YoY to ₹760 crore in Q2.
  • Debt: Total debt stood at ₹61,860 crore as of September 30, 2026. Net debt was ₹45,846 crore.

Strategic and Operational Highlights from Call:

  • Credit Rating: Upgraded from AA to AA+ by CARE Ratings and India Ratings.
  • New PPA: Received a Letter of Award for a 25-year PPA for 1,320 MW from Uttarakhand Power Corporation Limited, to be supplied from the upcoming Korba 2 project.
  • Capacity Expansion: Progress on the 24 GW thermal pipeline. The first 660 MW unit at Korba Phase-II achieved grid synchronization, with commercial commissioning expected shortly. The second unit is planned for Q4 FY27.
  • Mahan Phase-II (1,600 MW): At an advanced stage, targeting commercial operations in early FY28.
  • Acquisitions & New Ventures: Declared the successful resolution applicant for GVK Energy Limited (330 MW hydro plant). Signed a shareholders' agreement for a 49:51 JV for a 770 MW hydropower project in Bhutan.
  • Fuel Cost: Total fuel cost increased by 41.8% YoY to ₹10,229 crore in Q2, driven by higher volumes and a ~50% increase in the landed cost of imported coal.

Additional Notes Section

Attachments: The regulatory filing intimates that the transcript of the conference call was enclosed and is available on the company's website.

Financial Data Disclosure: This announcement itself is a filing to submit the transcript. The transcript contains extensive financial data disclosed during the earnings call, including the figures listed in the summary above.