Adani Enterprises Ltd (AEL) announced its H1 FY26 results with consolidated EBITDA at ₹7,688 cr and PBT at ₹2,281 cr. The board approved a rights issue of ₹25,000 cr. Key highlights include the inauguration of Navi Mumbai International Airport and a 51% YoY increase in AAHL Airports EBITDA. The emerging core infra businesses contributed 71% to the total EBITDA.
Financial Performance Highlights
Adani Enterprises Ltd (AEL) reported the following consolidated financial results for H1 FY26:
- Revenue: ₹44,281 cr
- EBITDA: ₹7,688 cr
- PBT: ₹2,281 cr (excluding exceptional gain of ₹3,583 cr)
AAHL Airports EBITDA increased by 51% YoY to ₹2,157 cr. The airports business is now tracking at a quarterly run-rate of over ₹1,000 crore.
Rights Issue Approval
The AEL Board has approved a partly paid-up Rights Issue of ₹25,000 cr to strengthen its balance sheet and support the next phase of incubation.
Key Investments and Developments
Significant developments include:
- The inauguration of Greenfield Navi Mumbai International Airport on October 8, 2025, with operations set to commence from Q3 FY26.
- Receipt of Provisional COD (PCOD) for the Nanasa-Pidgaon project, bringing AEL’s operational road assets to seven.
- Securing LoA for three road projects and two water projects, resulting in a cumulative order book of ₹19,982 cr.
- AdaniConnex partnering with Google to develop India’s largest AI Data Center campus in Visakhapatnam.
Segmental Performance
Here’s a brief overview of the financial performance of key segments:
ANIL Ecosystem
- Total Income: ₹7,233 cr (down 5% YoY)
- EBITDA: ₹2,384 cr (down 14% YoY)
Airports
- Total Income: ₹5,882 cr (up 32% YoY)
- EBITDA: ₹2,157 cr (up 51% YoY)
Roads
- Construction: 949.3 Lane-KM (up 4% YoY)
Mining Services
- Dispatch: 22.6 MMT (up 29% YoY)
IRM
- Volume: 24.1 MMT (down 17% YoY)
Business Updates
Key business updates across different verticals include:
- Adani New Industries (ANIL): Module sales continue to track to 1 GW per quarter.
- AdaniConnex Pvt Ltd (ACX): Partnering with Google to develop India’s largest AI Data Center campus in Visakhapatnam.
- Adani Water Ltd (AWL): Received Letter of Award for two new projects, including Brahmani Barrage and Mor Sagar Artificial Reservoir.
- Adani Airports Holdings Ltd (AAHL): Greenfield Navi Mumbai International Airport inaugurated.
- Adani Road Transport Ltd (ARTL): Provisional COD received for HAM project “Nanasa-Pidgaon”.
Source: BSE