Adani Enterprises Ltd (AEL) announced robust financial results for the second quarter and half year ended September 30, 2026. Consolidated revenue surged by 74% year-on-year to ₹38,023 crore in Q2 FY27, with EBITDA climbing 62% to ₹6,316 crore. For the half-year, revenue grew 62% to ₹71,569 crore, and EBITDA increased 56% to ₹11,958 crore, marking the highest-ever half-yearly EBITDA. Key business updates include the expansion of ANIL Solar module capacity to 10 GW and a new hyperscale order for AdaniConnex data centers.
Adani Enterprises Reports Strong H1 and Q2 FY27 Financials
Adani Enterprises Ltd (AEL), the flagship company of Adani Group, has announced its financial results for the second quarter and the first half of the financial year 2027, ending on September 30, 2026. The company reported a significant increase in its financial performance compared to the previous year.
Consolidated Financial Highlights H1 FY27
For the first half of FY27, AEL’s consolidated revenue saw a substantial rise of 62% year-on-year, reaching ₹71,569 crore. EBITDA also demonstrated strong growth, increasing by 56% to ₹11,958 crore, representing the highest-ever half-yearly EBITDA for the company. Profit Before Tax (PBT) continued its upward trend, with a 45% increase to ₹3,297 crore. These improvements were boosted by capacity ramp-up at its Copper business, contributing an EBITDA of ₹2,033 crore. Additionally, AEL received a long-term credit rating upgrade to AA / Stable from CARE, its highest rating to date.
Consolidated Financial Highlights Q2 FY27
In the second quarter of FY27, AEL’s consolidated revenue grew by an impressive 74% year-on-year, amounting to ₹38,023 crore. EBITDA for the quarter surged by 62% to ₹6,316 crore. Continuing PBT experienced a significant jump of 146%, reaching ₹2,002 crore.
Key Business Updates
The company also highlighted significant operational achievements. The ANIL Solar module line capacity has been expanded to 10 GW, with the commissioning of 4.3 GW TopCon in September 2026. In the data center sector, AdaniConnex secured a new hyperscale order of 240 MW for its Navi Mumbai data center. Furthermore, the Copper plant continued its ramp-up, showing a 5.2x increase in sales volume for H1 FY27. Operational capacity for AdaniConnex increased to 94.6 MW, with 10 MW handed over in Noida and 19.2 MW in Pune.
Chairman’s Remarks
Mr. Gautam Adani, Chairman of the Adani Group, commented on the company’s performance, stating, “We live in an age of such intense disruption that the scale of our ambitions must continuously grow.” He emphasized AEL’s effectiveness in executing large and complex commitments at scale across its businesses and expressed confidence in capturing future opportunities, driven by India’s growth trajectory.
Financial Table Summary
Consolidated Financial Highlights (Rs. in crore)
| Particulars | Q2 FY26 | Q2 FY27 | % change Y-o-Y | H1 FY26 | H1 FY27 | % change Y-o-Y |
| Total Income | 21,844 | 38,023 | 74% | 44,281 | 71,569 | 62% |
| EBITDA | 3,902 | 6,316 | 62% | 7,688 | 11,958 | 56% |
| Profit Before Tax | 814 | 2,002 | 146% | 2,281 | 3,297 | 45% |
| Exceptional Item | 3,583 | – | 3,583 | (2,644) | ||
| Profit After Tax¹ | 3,304 | 1,492 | (55%) | 4,189 | 332 | (92%) |
Note: 1. PAT attributable to owners
Incubating Businesses Financial Highlights (Rs. in crore)
| Particulars | Q2 FY26 | Q2 FY27 | % change Y-o-Y | H1 FY26 | H1 FY27 | % change Y-o-Y |
| ANIL Ecosystem | ||||||
| Total Income | 3,199 | 3,669 | 15% | 7,233 | 7,606 | 5% |
| EBITDA | 1,172 | 1,094 | (7%) | 2,384 | 2,066 | (13%) |
| PBT | 876 | 826 | (6%) | 1,836 | 1,454 | (21%) |
| Airports | ||||||
| Total Income | 3,167 | 3,786 | 20% | 5,882 | 7,549 | 28% |
| EBITDA | 1,062 | 1,641 | 55% | 2,157 | 3,275 | 52% |
| PBT¹ | 99 | (290) | 303 | (484) |
1. Capitalization of Navi Mumbai Airport is reflected in higher depreciation in H1 FY27
Source: BSE
