AESL files Q1 FY27 earnings call transcript; full-scale utility status

AESL filed transcript of Q1 FY27 earnings call. CEO Kandarp Patel said the company has transitioned into a full-scale utility with all 4 verticals firing. Quarterly capex near INR3,500 crores. Energy Solutions platform is now fully operational with 5,000 MW tied up on supply side, delivering INR590 crores EBIT (about INR570 crores from long-term contract positions on 3,325 million units). Smart meter installations at 1.34 crores of a 2.46 crores order book. IntelliSmart acquisition awaits CCI approval, taking combined portfolio to 4.7 crores meters. Company targets a 7.5 GW market opportunity by 2031 and adds INR20,000-25,000 crores of capex annually with about 25% market share.