Consolidated financial highlights 9M FY26 (YoY)
Revenue at Rs. 69,756 cr
EBITDA at Rs. 11,985 cr
PBT at Rs. 3,581 cr excluding exceptional gain of Rs. 9,215 cr for AWL stake sale and Cement units to Ambuja Cements Ltd
AAHL Airports EBITDA surpasses FY-25 full year EBITDA by 7% in nine-months
Capital market highlights
Successfully completed Right Issue raising Rs. 24,930 cr, sees oversubscription by 30% from market
Raised Rs. 1,000 cr through its 3rdpublic issue of NCDs in January 2026
Business highlights
Navi Mumbai International Airport commenced operations from 25th December
Two HAM Road projects operationalized, now have nine operational projects
Adani Solar (ANIL) only Indian company in Top 10 global solar manufacturers
AEL water business received LoA to develop Mithi river project
ACX data center operationalizes 14.4 MW capacity, now operational capacity 50+MW
Ahmedabad, February 03, 2026: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter and nine months ended December 31, 2025.
AEL has strengthened its track record of consistently delivering the operational and execution excellence during the quarter with commencement of operations at greenfield Navi-Mumbai airport in less than five years of acquisition. AEL has also successfully delivered outcomes within timelines by completing two HAM road projects and inauguration of integrated new terminal building at Guwahati airport.
"With resilient execution and a clear strategic focus, Adani Enterprises has delivered a robust operating performance in the first nine months of FY26, reflecting the strength of our incubator model and the depth of our diversified infrastructure portfolio," said Mr Gautam Adani, Chairman of the Adani Group. "The commencement of operations at the Navi Mumbai International Airport represents a landmark achievement, reinforcing our commitment to
building nationally critical assets at scale and speed. Our continued progress across airports, renewable manufacturing, data centres and transport infrastructure, alongside strong capital market support through our successful rights issue and NCD offerings, positions us well to accelerate the next phase of growth. As India advances towards becoming a $5 trillion economy, AEL remains steadfast in its mission to incubate globally competitive businesses that combine economic value creation with sustainability, technological leadership and longterm national impact."
Consolidated Financial Highlights
(Rs. in Crore)
Particulars | Q3 FY25 | Q3 FY26 | % change Y-o-Y | 9M FY25 | 9M FY26 | % change Y-o-Y | |
Total Income | 23,501 | 25,475 | 8% | 72,763 | 69,756 | (4%) | |
EBITDA | 3,723 | 4,297 | 15% | 12,377 | 11,985 | (3%) | |
Exceptional Gain | - | 5,632 | - | - | 9,215 | - | |
Profit Before Tax | 576 | 6,932 | 11x | 5,220 | 12,796 | 145% | |
Profit After Tax1 | 58 | 5,627 | 90x | 3,254 | 9,560 | 193% |
Note: 1. PAT attributable to owners
Incubating Businesses Financial Highlights
Particulars | Q3 FY25 | Q3 FY26 | % change Y-o-Y | 9M FY25 | 9M FY26 | % change Y-o-Y | |
ANIL Ecosystem | |||||||
Total Income | 2,941 | 3,161 | 7% | 10,575 | 10,394 | (2%) | |
EBITDA | 903 | 975 | 8% | 3,666 | 3,359 | (8%) | |
PBT | 691 | 693 | - | 3,033 | 2,528 | (17%) | |
Airports | |||||||
Total Income | 2,939 | 3,770 | 28% | 7,393 | 9,652 | 31% | |
EBITDA | 1,101 | 1,568 | 42% | 2,527 | 3,724 | 47% | |
PBT | 237 | 675 | 185% | - | 979 | - | |
Operational Highlights
Volume | Q3 FY25 | Q3 FY26 | % change Y-o-Y | 9M FY25 | 9M FY26 | % change Y-o-Y | |
ANIL Ecosystem | |||||||
Module Sales (MW) | 893 | 997 | 12% | 3273 | 3440 | 5% | |
WTG (Sets) | 48 | 66 | 38% | 104 | 129 | 24% | |
Airports | |||||||
Pax movement (Mn) | 24.6 | 24.7 | - | 69.7 | 70.6 | 1% | |
ATMs ('000) | 160.5 | 159.0 | (1%) | 466.0 | 460.7 | (1%) | |
Cargo (Lacs MT) | 2.7 | 3.1 | 12% | 8.2 | 8.7 | 6% | |
Roads | |||||||
Construction (L-KM) | 805.1 | 391.7 | (51%) | 1715.5 | 1341.0 | (22%) | |
Mining Services | |||||||
Dispatch (MMT) | 11.8 | 10.7 | (9%) | 29.3 | 33.3 | 14% | |
IRM | |||||||
Volume (MMT) | 12.1 | 11.2 | (7%) | 41.2 | 35.3 | (14%) | |
Business Updates
Adani New Industries (ANIL - Green Hydrogen Ecosystem) |
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AdaniConnex Pvt Ltd (ACX - Data Center) |
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Adani Airports Holdings Ltd (AAHL - Airports) |
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Adani Road Transport Ltd (ARTL - Roads) |
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ESG Highlights |
commitment to lowering GHG emissions and their overall environmental impact |
About Adani Enterprises Ltd
Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India's largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built sizeable and scalable businesses like Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company has contributed to make India self-reliant with our robust businesses. This has also led to significant returns to our shareholders for three decades.
The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, data center, roads and primary industries like copper and petrochem
- all of which have significant scope for value unlocking.
For more information, please visit https://www.adanienterprises.com
For more information please contact:
Mitul Thakkar |
Adani Group, Corporate Communication |
Tel: +91-79-25556628 |
Manan Vakharia |
Adani Enterprises Ltd Investor Relations |
Tel: +91-79-25556140 |
p ( ) Registered Office : "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382 421, Phone : 079-26565555 ; Fax : 079-26565500 ; Email : [email protected] ; Website : www.adanienterprises.com