Adani Power Limited has submitted a copy of Investor Presentation for Earnings Call.

July 23, 2026 BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 533096 Scrip Code: ADANIPOWER Dear Sirs, Sub.: Results Presentation for Post Results Conference Call dt. July 23, 2026 Ref.: Our intimation dt. June 27, 2026 and July 20, 2026 w.r.t. interaction with Investors / Analysts pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 In furtherance to our above-referred intimation, the presentation for the earnings conference call to be held at 12:00 noon IST today, i.e. July 23, 2026 is attached herewith and also being uploaded on the website of our Company. You are requested to kindly take the above on your record. For Adani Power Limited Puneet Bansal Company Secretary Encl.: As above Adani Power Limited Tel +91 79 2656 7555 “Adani Corporate House” Fax +91 79 2555 7177 Shantigram, Near Vaishno Devi Circle, info@adani.com S. G. Highway, Khodiyar, www.adanipower.com Ahmedabad-382421, Gujarat India CIN: L40100GJ1996PLC030533 Registered Office: “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad-382421 Adani Power Limited Earnings Presentation – Q1 FY27 | July 2026 APL : Consolidated Dashboard June 2026, YTD Operating Highlights O&M Availability (%) Generation Performance (PLF %) Dispatch Performance (BU) Sales Volume Mix (%) 89% 96% 91% 89% 67% 78% 71% 67% +3.4 % Contracted (PPA) Merchant/ Short Term +17 % 95.9 99.1 23% 15% 21% 21% 24.6 28.8 77% 85% 79% 79% Q1FY26 Q1FY27 FY25 FY26 Q1FY26 Q1FY27 FY25 FY26 Q1FY26 Q1FY27 FY25 FY26 Q1FY26 Q1FY27 FY25 FY26 Ensuring consistent high plant availability Strong revival in power demand and spike Higher operating capacity and improved Growing proportion of long and medium- through predictive and preventive in peak demand leading to improved demand help improve dispatch term capacity tie-ups reducing merchant maintenance offtake under PPAs performance market exposure. Operational excellence demonstrated consistently Financial Highlights Continuing Revenue Continuing EBITDA Profit After Tax 56,473 55,583 21,575 21,285 12,750 12,971 4,867 14,167 17,936 5,744 6,983 3,305 Q1FY26 Q1FY27 FY25 FY26 Q1FY26 Q1FY27 FY25 FY26 Q1FY26 Q1FY27 FY25 FY26 Higher dispatch volumes and improved realisations lead Strong EBITDA performance due to improved Robust operating profitability and control on leverage to handsome growth in Continuing Revenue contribution underscoring earnings quality leading to high conversion and solid PAT performance Earnings quality excellence demonstrated through sharp improvement in margins PPA: Power Purchase Agreement; PLF: Plant Load Factor; BU: Billion Units; EBITDA: Earnings Before Interest Tax Depreciation and Amortization; PBT: Profit Before Tax; Continuing Revenue and EBITDA excludes One-time / Prior Period income recognitions; PPA: Power Purchase Agreement Home outline Hsoalmid bfiullrger Menu Icon with 2 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 Power Limited (“APL”) and its subsidiaries , associates, and joint ventures (combine together “Adani Thermal Power Group” or “The Group”) their future outlook and growth prospects, and future developments in their businesses and their competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, etc., or similar expressions or variations of such expressions. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in their business, their competitive environment, their ability to implement their strategies and initiatives and respond to technological changes and political, economic, regulatory and social conditions in the country the business is. This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, or a solicitation of any offer, to purchase or sell any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of The Group’s shares. Neither this presentation nor any other documentation or information (or any part thereof) delivered or supplied under or in relation to the shares shall be deemed to constitute an offer of or an invitation by or on behalf of The Group. The Group, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this presentation, unless otherwise specified is only current as of the date of this presentation. The Group assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent development, information or events, or otherwise. Unless otherwise stated in this document, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. The Group may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of The Group. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it’s should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration therefrom. Home outline Hsoalmid bfiullrger Menu Icon with 3 Contents 1 About Adani Portfolio 2 About Adani Power Limited (APL) 3 APL Quarterly Performance Highlights 4 Debt Profile 5 Progress in Capacity Expansion Projects 6 ESG Practice at APL 7 APL: Investment Case Home outline Hsoalmid bfiullrger Menu Icon with 4 About Adani Portfolio Adani Portfolio: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Other Materials, Metal Incubator Energy & Utility Transport & Logistics Specialty & Mining (74.84%) (62.43%) (74.96%) (66.03%) (67.29%) AEL1 AGEL APL APSEZ Ambuja Cements4 Renewables IPP Ports & Logistics (74.71%) (37.40%) (50.05% (72.66%) AESL ATGL2 ACC4 Orient4 T&D Gas Discom (100%) (50.00%) (100%) (100%) (100%) (69.02%) ANIL AdaniConneX5 AAHL ARTL Copper, Aluminum NDTV New Industries Data Centre Airports Roads (100%) (100%) (100%) (100%) Mining Services Specialist PVC & GCC Manufacturing Com. Mining 6 (%): Adani Family equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries (%): Ambuja equity stake in its Listed cos Direct Consumer subsidiaries A multi-decade story of high growth centered around infrastructure & utility core 1. AEL has raised INR 15,000 Cr through Qualified Institutional Placement (‘QIP’) during July’26. Accordingly, promoter’s shareholding stands revised to 71.97%. | 2. ATGL: Adani Total Gas Ltd, JV with Total Energies | 3. Ambuja Cement’s shareholding does not include Global Depository Receipt of 0.04% but includes AEL shareholding of 0.35% received as part of the consideration a [Showing first 8,000 characters — download PDF for full document]