Mohit Kumar · ICICI Securities
directCapex expectations for FY27 and FY28 by business
we will have about 22,000 cr of capex next year of which transmission would be about 15,500 distribution about 2350 smart metering about 3,900
ADANIENERGYSOLUTIONS / Q4-FY26 / claim-ledger
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Adani Energy Solutions · Analyst questions, management answers, and the quality of the response where the ledger is available.
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Questions audited
12
Answered directly
71%
Numeric claims
5
Consistency
mixed
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Manish Otwa · Nirmal Bang Securities
partialBalance sheet leverage comfort level given negative free cash flow
most of our assets we generally finance it in the ratio of 70 to 13. Only the equity portion is funded through internal accruals. Balance is tied up through debt.
Duv Mucho · Research desk
directCapitalization for FY26 and CWIP breakdown
26 is about 15,050,300 transmission is 10,260 distribution 1511 and smart metering 3556
Duv Mucho · Research desk
partialImpact of battery storage on transmission cost and opportunity
that debate is going on at policy level as to how much transmission capacity the country should add... we expect to see lot more activity from state side
Manish Somaya · Canarys Cher
directSmart metering installation rate and future opportunities
next year probably we'll be doing about minimum about 1 cr meters. Having done 83 lakh meter in the current year we are confident we'll be able to install another 1 cr meter.
Manish Somaya · Canarys Cher
directEBITDA contribution from new transmission projects and win rate
this year the capitalization which has happened for transmission on fully run rate basis we will be able to add another 1,600 crores of EBITDA... by those commissioning
Mohit Kumar · ICICI Securities
directRevenue booking for Mumbai HVDC and progress on HVDC Pole 2
currently the number is 1,300 crores which is the full year tariff from the Mumbai HDC project which we will start accruing from next full financial year.
Mohit Kumar · ICICI Securities
partialProgress on two HVDC projects and RO challenges
as far as Fatipur Ba HDC is concerned the construction has already begun... we haven't faced any significant RO challenge as far as that project is concerned.
Shiram Kapoor · Jefferies
partialDiscrepancy in smart meter operational EBITDA numbers
my operating EBITDA for the full year comes to around 593 crores for smart meter business and for Q4 it is 214 crores... I'll have to check that as to from where you are getting 9 months number.
Mahesh Patil · ICICI Securities
directInterstate transmission pipeline and annual bidding opportunity
interstate would be around 30 to 40,000 crores collectively all states together annually.
Bharat Sri Sha · BCS Capital Ideas
partialOperating profit growth trajectory and timeline to double or triple
next year given the capitalization plan we expect that number could be around 11,500... once all these existing transmission project gets completed in the next 36 to 40 months... it should triple in 3 to 4 years time.
Nirmal · Aita Sun Life AMC
evasiveImpact of revised compensation scheme on RO issues
revised compensation if it is revised by government and we have to pay that additional compensation we are neutral to it because that gets covered into change in law but I don't see it is getting revised significantly in anytime soon.