Adani Enterprises Limited (AEL) reported consolidated EBITDA of ₹16,464 crore for FY26, a marginal 2 per cent decline year-on-year, as strong growth in its airports business offset weakness in trading and mining segments. The company posted a net loss of ₹221 crore in Q4 FY26, dragged down by depreciation charges on recently commissioned assets at Navi Mumbai Airport and its Mundra copper plant. For the full year, profit after tax attributable to owners rose 31 per cent to ₹9,339 crore, boosted by an exceptional pre-tax gain of ₹9,215 crore from the sale of its stake in Adani Wilmar and cement units to Ambuja Cements.

Total consolidated income for FY26 rose 3 per cent to ₹1,02,943 crore. Excluding the exceptional gain, profit before tax stood at ₹4,309 crore, down from ₹6,533 crore in FY25 on the same basis.

The company’s airports subsidiary AAHL was the standout performer, with EBITDA surging 55 per cent to ₹5,394 crore on the back of a 28 per cent jump in revenues to ₹13,081 crore. Aero and non-aero revenues grew 26 per cent and 31 per cent respectively. The Navi Mumbai International Airport commenced operations during the year. The Ganga Expressway, AEL’s largest road project spanning 464 kilometres, was inaugurated on April 29, taking the roads portfolio to 20 projects.

AEL’s data centre arm AdaniConnex secured a new hyperscale order of 358 MW in Hyderabad, taking cumulative tied-up capacity past 560 MW. The ANIL green energy ecosystem saw wind turbine generator sales rise 41 per cent to 231 sets for FY26, with Adani Wind becoming the only Indian company ranked in Bloomberg NEF’s global top 15 turbine manufacturers.

On the downside, the integrated resource management business saw volumes fall 21 per cent to 44.6 million tonnes, while Profit Before Tax in established businesses turned negative at ₹1,031 crore. Net external debt rose sharply to ₹64,051 crore from ₹49,306 crore a year earlier, primarily on capital deployment in airports, roads, copper and PVC projects.

AEL shares closed at ₹2,408.40 on the NSE on Thursday, down 0.72 per cent, giving the company a market capitalisation of approximately ₹3.11 lakh crore.

Published on April 30, 2026