Press Release

July 21, 2026 BSE Limited National Stock Exchange of India Limited P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 Scrip Code: 539254 Scrip Code: ADANIENSOL Dear Sir, Sub: Submission of Media Release on Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th June, 2026. In continuation to submission of Outcome of Board Meeting dated July 21, 2026, please find enclosed the Press Release dated July 21, 2026 on the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended 30th June, 2026, as Annexure "A''. The same is also being uploaded on the Company's website at www.adanienergysolutions.com You are requested to take the same on your records. Thanking you, Yours faithfully, For Adani Energy Solutions Limited Jaladhi Shukla Company Secretary Encl: As above Adani Energy Solutions Ltd Tel +91 79 2555 7555 Adani Corporate House Fax +91 79 2555 7177 Shantigram, Near Vaishno Devi Circle, info@adani.com S. G. Highway, Khodiyar, www.adanienergysolutions.com Ahmedabad 382 421 Gujarat, India CIN: L40300GJ2013PLC077803 Registered Office: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421 Media Release AESL concludes Q1FY27 with solid performance EBITDA crosses Rs 3,000 crore quarterly mark, ended up 58% higher YoY PAT rose by 130% to Rs 1,237 crores in Q1FY27 AESL's Energy Solutions Platform register record performance in Q1 FY27 Editor’s Synopsis Q1FY27 Highlights: • EBITDA rose 58% YoY to a record Rs 3,178 crore, supported by strong growth in the transmission, smart metering, a significant contribution from Energy Solutions Platform segment and steady performance in the distribution business. • Total income grew by strong 40% YoY to an all-time high of Rs 9,852 crore, supported by stronger operating performance across the portfolio, contributions from recently commissioned transmission projects; the Energy Solutions Platform, the ongoing smart meter rollout, and higher Service Concession Arrangement (SCA) income reflecting increased capex execution • PAT increased by 130% YoY to Rs 1,237 crore in Q1FY27 from Rs 539 crore in Q1FY26 • Cash profit of Rs 1,776 crore in Q1 FY27 grew by 70% YoY • Announced IntelliSmart acquisition, positioning it to become India’s largest smart metering platform with 47+ million meters Capex Execution Performance: • The capex in Q1FY27 has increased by 1.57x to Rs 3,498 crore, as against Rs 2,224 crore in Q1FY26 • AESL has completed 13.44 million cumulative smart meter installations, demonstrating strong operational efficiency and setting new execution benchmarks in the industry Energy Solutions Platform: • A strong start by Energy Solutions Platform with EBITDA of INR 596 crore, driven by elongated summer led to higher demand of electricity Growth Opportunity (Locked-in Growth): • Driven by projects on hand; the company’s aggregate transmission under construction pipeline stands at Rs 71,779 crore. The company’s smart meter order book remains at 24.6 million meters with a revenue potential of Rs 29,519 crore • AESL announced to acquire IntelliSmart, one of India’s largest smart meter players – on track to become India’s largest smart metering platform with a total portfolio of 47+ million meters • The near-term tendering pipeline in the transmission sector remains robust at ~Rs 1.1 lakh crores. Whereas the nationwide market opportunity for smart metering continues at 103 million meters Capital Management: • ICRA reaffirmed AESL’s strong credit profile, reaffirming its long-term rating of ICRA AA+ (Stable) and assigning the highest short-term rating of ICRA A1+ to its facilities • Adani Electricity Mumbai Limited (AEML) has maintained all its credit ratings, including a stable outlook from Moody's, consistent with the previous quarter's performance Ahmedabad, 21 July 2026: Adani Energy Solutions Limited (“AESL”), part of the globally diversified Adani portfolio and the largest private transmission, distribution, smart metering and energy solutions platform company in India, today announced its financial and operational performance for the quarter ended June 30, 2026. “AESL has delivered robust start to FY27, driven by strong financial performance and continued operational excellence across our core businesses. During the quarter, we further strengthened our growth platform through the proposed acquisition of IntelliSmart, a strategic step towards building India’s leading smart metering platform. Our Energy Solutions Platform has now gathered momentum, supported by significant renewable energy tie-ups and growing consumer stack across utilities, Commercial & Industrial and data centre segments. Backed by a strong project pipeline, disciplined execution and credit discipline, we remain well positioned to drive sustainable growth and create long-term stakeholder value” said Kandarp Patel, CEO, Adani Energy Solutions Q1 FY27 Highlights: Consolidated Financial Performance: (Rs crore) Particulars Q1 FY27 Q1 FY26 YoY % Total Income 9,852 7,026 40% Operational Revenue 7,117 4,6171 54% Operating EBITDA 2,779 1,6321 70% EBITDA 3,178 2,017 58% PAT 1,237 539 130% Notes: Total Income = Operational revenue + income from Service Concession Agreement (SCA) assets / EPC / traded goods + One time income/expense + Other Income; Total EBITDA = Operating EBITDA plus other income, one-time regulatory income, adjusted for CSR exp.; 1. Includes revenue from of Energy Solutions Platform Revenue: • The total income of Rs 9,852 crore in Q1FY27 grew by 40% and operational revenue of Rs 7,117 crore in Q1FY27 was up 54%; driven by ramp up of recently commissioned Mumbai HVDC project, smart metering roll out and contribution from energy solutions platform EBITDA: • All time high EBITDA of Rs 3,178 crore in Q1FY27, showing robust growth by 58%; • Operational EBITDA rose strongly to Rs. 2,779 crore during the quarter, up by 70% Segment-wise Financial Highlights: (Rs crore) Segment Particulars Q1FY27 Q1FY26 YoY % Operating Revenue 1,596 1,172 36% Transmission Operating EBITDA 1,477 1,070 38% EBITDA margin % 92% 92% Distribution Operating Revenue 3,520 3,360 5% (AEML and MUL) Operating EBITDA 587 493 19% Operating Revenue 347 112 136% Smart Metering Operating EBITDA 311 98 141% (Non Ind AS) EBITDA margin % 89% 88% - Energy Operating Revenue* 1,839 18 - Solutions Platform Operating EBITDA 590 17 - AEML: Adani Electricity Mumbai Ltd; MUL: MPSEZ (Mundra) Utility Ltd. The total Operating EBITDA and Operating Revenue numbers of Q1 FY26 include Energy Solutions Platform *excluding other trading income Segment-wise Key Operational Highlights: Particulars Q1 FY27 FY26 Transmission business Average Availability (%) 99.6% 99.8% Total Transmission Network (ckm) 27,949 26,696 Distribution business (AEML) Supply reliability (%) 99.99% 99.99% Distribution loss (%) 5.16%1 4.24% Units sold (MU's) 3,260 2,939 Distribution business (MUL) Units sold (MU's) 425 271 Smart metering business Meters Installed (in millions) 2.07 2.41 Cumulative Meters Installed (in millions) 13.44 5.54 Meters billed (in millions) 2.01 3.04 Cumulative Meter months (in millions) 34.80 10.61 1. Impacted due to extreme heat conditions resulting to higher energy consumption and increase in distribution loss; within regulator permissible limit of 5.31% Segment-wise Progress and Outlook: Transmission: • Robust project pipeline of 13 projects worth Rs 71,779 crore to be executed • The near-term transmission tendering opportunity at ~Rs 1.1 lakh crore remains solid • The company reported strong operational parameters during the quarter, with an average system availability of over 99.6%. Robust line availability resulted in an incentive income of Rs 35 crore in Q1FY27 reflecting the superior O&M practices Distribution business (AEML Mumbai and MUL): • The distribution business recorded a steady business performance. Adani Electricity M [Showing first 8,000 characters — download PDF for full document]