Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has announced its financial results for the second quarter, showcasing resilience and strategic growth amid market challenges.

Financial Highlights

For Q2, AEL reported:

• Total income of ₹21,844.00 crore, down 6% year-over-year
• EBITDA of ₹3,902.00 crore, a 10% decrease year-over-year
• Profit before tax (PBT) of ₹4,398.00 crore, including an exceptional gain of ₹3,583.00 crore
• Profit after tax (PAT) of ₹3,199.00 crore, up 84% year-over-year

The company's performance was marked by strong growth in its incubating businesses, particularly in the airports and new energy ecosystem segments.

Airports Business Soars

AEL's airports business, under Adani Airport Holdings Ltd (AAHL), demonstrated remarkable growth:

• Total income increased by 39% to ₹3,167.00 crore
• EBITDA rose by 43% to ₹1,062.00 crore
• Passenger movement across AAHL's seven operational airports grew by 1% to 22.6 million

The airports segment is now tracking at a quarterly EBITDA run-rate exceeding ₹1,000.00 crore, underscoring its growing contribution to AEL's portfolio.

New Energy Ecosystem Expansion

The New Energy Ecosystem, including Adani New Industries Limited (ANIL), reported:

• Total income of ₹3,199.00 crore, up 3% year-over-year
• EBITDA of ₹1,172.00 crore, a 5% increase year-over-year

Notably, ANIL's wind turbine generator (WTG) sales increased by 87% year-over-year to 28 sets.

Strategic Developments

AEL announced several key strategic initiatives:

1. Rights Issue Approval: The Board of Directors approved a ₹250.00 billion rights issue of partly paid-up equity shares, aimed at strengthening the company's balance sheet.

2. Navi Mumbai International Airport: The greenfield airport was inaugurated on October 8, marking a significant milestone in India's aviation infrastructure.

3. Data Center Partnership: AdaniConnex partnered with Google to develop India's largest AI Data Center campus in Visakhapatnam, Andhra Pradesh.

4. Road Infrastructure: AEL received Provisional Commercial Operation Date (PCOD) for its Nanasa-Pidgaon project, bringing its total operational road assets to seven.

5. New Project Awards: The company secured Letters of Award for three projects in Roads and two in Water business, with a cumulative order book of ₹19,982.00 crore.

Management Commentary

Gautam Adani, Chairman of the Adani Group, stated, "With disciplined execution and strategic diversification, Adani Enterprises Ltd continues to strengthen its position as India's leading incubator of transformative infrastructure and energy businesses. The inauguration of the Navi Mumbai International Airport marks a defining moment in India's infrastructure story and reinforces AEL's role as a national growth catalyst."

Outlook

AEL's performance reflects its robust business model and focus on core infrastructure sectors. The company's incubating businesses, particularly airports and new energy, are showing strong growth trajectories. With the upcoming rights issue and strategic partnerships in place, AEL is well-positioned to capitalize on India's infrastructure and energy transition opportunities.

Investors and stakeholders will be watching closely as the company continues to execute its growth plans across various sectors, potentially reshaping India's infrastructure landscape in the coming years.

Adani Enterprises , the flagship company of the Adani Group, has reported its financial results for the quarter and half year ended September 30, 2025, showcasing robust performance across various metrics.

Financial Highlights

For H1 FY26, Adani Enterprises reported:

• Consolidated revenue: Rs 44,281 crore
• Consolidated EBITDA: Rs 7,688 crore
• Consolidated profit before tax: Rs 2,281 crore (excluding an exceptional gain of Rs 3,583 crore)

Key Strategic Development

The Board has approved a partly paid-up Rights Issue of Rs 25,000 crore, aiming to strengthen the company's balance sheet for the next phase of incubation.

Operational Highlights

Navi Mumbai International Airport

• Inaugurated on October 8, 2025
• Set to commence operations from Q3 FY26

Road Assets

• Received provisional commercial operation date for the Nanasa-Pidgaon project
• Total operational road assets now stand at seven

AAHL Airports

• EBITDA increased by 51% year-on-year to Rs 2,157 crore
• Airports business tracking at a quarterly run-rate of Rs 1,000 crore

New Projects

• Received letters of award for:
  • Three projects in Roads
  • Two projects in Water business
• Cumulative order book: Rs 19,982 crore

AI Data Center

• Adani Connex partnered with Google to develop India's largest AI Data Center campus in Visakhapatnam

Outlook

Adani Enterprises' diverse portfolio and strategic initiatives position it well for future growth. The significant EBITDA growth and the approval of the Rights Issue demonstrate the company's commitment to strengthening its financial position and pursuing expansion opportunities.

As the company continues to diversify its portfolio and focus on key growth sectors, investors and market analysts will be keenly watching its performance in the coming quarters. The robust financial results for H1 FY26 set a positive tone for the company's future prospects, although sustained performance will depend on various macroeconomic factors and the company's strategic execution.

Adani Enterprises' ability to maintain strong EBITDA growth and secure new projects highlights its operational strength and positions it well for future growth opportunities across its diverse business segments.