Adani Enterprises Limited (AEL) reported a consolidated EBITDA of ₹16,464 crore for FY26, representing a slight decline of 2 percent year-on-year. The company’s strong growth in its airports sector helped mitigate weaknesses in the trading and mining segments. In Q4 FY26, AEL faced a net loss of ₹221 crore, primarily due to depreciation charges related to newly commissioned assets at Navi Mumbai Airport and the Mundra copper plant. For the full year, the profit after tax attributable to owners increased by 31 percent to ₹9,339 crore, bolstered by an exceptional pre-tax gain of ₹9,215 crore from the sale of stakes in Adani Wilmar and cement units to Ambuja Cements.
Total consolidated income for FY26 rose by 3 percent to ₹1,02,943 crore. Excluding the exceptional gain, profit before tax decreased to ₹4,309 crore from ₹6,533 crore in FY25 on a similar basis.
AEL’s airports subsidiary, Adani Airports Holdings Limited (AAHL), emerged as a key performer, with EBITDA soaring 55 percent to ₹5,394 crore, driven by a 28 percent increase in revenues to ₹13,081 crore. Aero and non-aero revenues grew by 26 percent and 31 percent, respectively. Notably, Navi Mumbai International Airport began operations within the fiscal year. The Ganga Expressway, AEL’s largest road project at 464 kilometers, was inaugurated on April 29, augmenting the company’s roads portfolio to 20 projects.
Additionally, AEL’s data center arm, AdaniConnex, secured a new hyperscale order of 358 MW in Hyderabad, bringing its cumulative tied-up capacity to over 560 MW. In the green energy sector, the Adani Group saw a 41 percent increase in wind turbine generator sales, totaling 231 sets for FY26, with Adani Wind recognized as the only Indian company making it to Bloomberg NEF’s global top 15 turbine manufacturers.
However, the integrated resource management business experienced a downturn, with volumes declining by 21 percent to 44.6 million tonnes, and profit before tax in established businesses turning negative at ₹1,031 crore. Additionally, net external debt increased significantly to ₹64,051 crore from ₹49,306 crore the previous year, mainly due to capital investments in airports, roads, copper, and PVC projects.
AEL’s shares closed at ₹2,408.40 on the NSE on Thursday, reflecting a decrease of 0.72 percent and valuing the company at approximately ₹3.11 lakh crore.
Published on April 30, 2026.
