Highlights

• Consolidated EBITDA remains at Rs 16,464 crore with stable annual performance trend.
• 80 percent EBITDA contribution shifts to core infrastructure and utility portfolio.
• Total income rises to Rs 1,02,943 crore reflecting steady operational expansion.

Adani Enterprises Ltd (NSE:ADANIENT) announced its results for the quarter and financial year ended March 31, 2026. The company reported a transition toward a core infrastructure-led business model, with 80 percent of EBITDA now derived from mature and contracted infrastructure and utility businesses. This shift is positioned as part of its incubation cycle moving from capex-heavy development to stable cash generation.

Chairman Gautam Adani stated that FY26 marked disciplined execution and progress across infrastructure and incubation platforms. He highlighted advancements in Navi Mumbai International Airport, Guwahati Airport, and the Ganga Expressway as key developments during the year.

Financial Performance Overview
Consolidated total income for FY26 stood at Rs 1,02,943 crore, compared with Rs 1,00,365 crore in FY25, reflecting a 3 percent year-on-year increase. EBITDA stood at Rs 16,464 crore, slightly lower compared with Rs 16,722 crore in FY25. Profit before tax stood at Rs 13,525 crore, supported by exceptional gains from asset divestments in the prior period.

Profit after tax attributable to owners stood at Rs 9,339 crore in FY26, compared with Rs 7,112 crore in FY25, reflecting a 31 percent increase. Q4 FY26 profit after tax was impacted by depreciation from newly commissioned assets including Navi Mumbai and copper operations.

Segment Performance
Adani New Industries (ANIL) ecosystem reported total income of Rs 15,563 crore in FY26, with EBITDA at Rs 4,532 crore. Airports business recorded total income of Rs 13,081 crore, with EBITDA rising 55 percent year-on-year to Rs 5,394 crore. Passenger movement remained steady at 95.3 million annually.

The road business saw additions including one HAM and two TOT projects. Mining services recorded dispatch growth of 14 percent year-on-year. Data centre operations under AdaniConnex expanded capacity in Hyderabad during the quarter.

Operational Developments
The Ganga Expressway was inaugurated on April 29, 2026, completed in under 3.5 years. Wind turbine manufacturing under ANIL ranked among top global manufacturers, while solar module sales increased sharply during the quarter.

Key Financial Summary
Total income increased to Rs 1,02,943 crore. EBITDA remained at Rs 16,464 crore. Profit before tax stood at Rs 13,525 crore. Net profit attributable to owners stood at Rs 9,339 crore. Core infrastructure businesses contributed majority share of EBITDA, reflecting portfolio maturity.

Share Performance

Adani Enterprises Ltd trading at ₹2,489.00, up ₹80.60 (+3.35%) in the latest session. The stock made a sharp upward move with a range of ₹2,515.00–₹2,375.00 on elevated volume of 5.53M shares. It is trading well above its 51-day SMA of ₹2,097.51. RSI stands at 78.11.

Risks

• High dependency on infrastructure execution timelines may impact cash flow stability.
• Commodity and input cost fluctuations may affect project profitability margins.
• Regulatory approvals and policy changes could delay large-scale infrastructure projects.
• High capital intensity may increase leverage and financial exposure.

FAQs

What was Adani Enterprises EBITDA in FY26?
It stood at Rs 16,464 crore, reflecting stable annual performance.

How much did total income grow in FY26?
Total income increased to Rs 1,02,943 crore, up 3 percent year-on-year.

What was FY26 consolidated profit after tax?
PAT attributable to owners stood at Rs 9,339 crore for FY26.

How did airports segment perform in FY26?
Airports EBITDA increased 55 percent year-on-year to Rs 5,394 crore.

What impacted Q4 FY26 profitability?
Depreciation from newly commissioned assets affected quarterly profit performance.

Summary
Adani Enterprises (NSE:ADANIENT) reported FY26 results with stable EBITDA of Rs 16,464 crore and total income of Rs 1,02,943 crore. Core infrastructure businesses contributed 80 percent of EBITDA, reflecting portfolio maturity.

Profit after tax increased year-on-year. Infrastructure projects including airports and expressways progressed during the year, supporting long-term operational expansion across incubation and utility-led segments.