Reports highest-ever half-yearly EBITDA of Rs. 11,958 cr with 56% growth YoY
ANIL Solar module capacity expansion to 10 GW complete
Data Center business signs up new hyperscale order of 240 MW
Consolidated financial highlights H1 FY27 (YoY)
Consolidated financial highlights Q2 FY27 (YoY)
Business highlights
*excluding one-time OFAC settlement of Rs. 2,644 cr during Q1 FY27
Ahmedabad, October 28, 2026: Adani Enterprises Ltd (AEL), the flagship company of Adani Group, announced its results today for the second quarter and half year ended September 30, 2026.
The Strong EBITDA growth in the first half of FY27 reflects maturity of investments made over the past several years, with multiple businesses reaching scale and translating capital deployment into tangible earnings growth. This performance underscores the strength of our diversified business portfolio and its growth potential. Backed by strong operating fundamentals, increasing asset maturity and the ramp-up of newly commissioned ANIL module line capacity, AEL is well positioned to sustain this growth trajectory further.
“We live in an age of such intense disruption that the scale of our ambitions must continuously grow,” said Mr Gautam Adani, Chairman of the Adani Group. “What Adani Enterprises has become very effective at is turning increasingly large and complex commitments into execution at scale across our businesses. Our investments in integrated energy, airports and AI ecosystems are recent examples. Perhaps the strongest validation of our execution capabilities is the trust domestic and global investors continue to place in us, choosing to partner with us even amid extreme volatility. As the tailwinds propelling India forward continue to strengthen, we believe we are better positioned than ever to capture the opportunities ahead. We remain bullish on India’s future and, therefore, confident in our own growth story.”
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
Operational Highlights
| Volume | Q2 FY26 |
Q2 FY27 |
% change Y-o-Y |
H1 FY26 |
H1 FY27 |
% change Y-o-Y |
|---|---|---|---|---|---|---|
| ANIL Ecosystem | ||||||
| Module Sales (MW) | 1,093 | 1,478 | 35% | 2,443 | 2,818 | 15% |
| WTG (Sets) | 28 | 35 | 25% | 63 | 99 | 57% |
| Airports | ||||||
| Pax movement (Mn) | 22.6 | 21.2 | (6%) | 46.0 | 45.4 | (1%) |
| ATMs (‘000) | 148.2 | 141.9 | (4%) | 301.7 | 302.3 | - |
| Cargo (Lacs MT) | 2.9 | 3.2 | 11% | 5.7 | 6.2 | 9% |
| Mining Services | ||||||
| Dispatch (MMT) | 10.5 | 10.7 | 2% | 22.6 | 22.5 | - |
| Copper | ||||||
| Sales volume (KT) | 11.8 | 80.6 | 5.8x | 23.3 | 145.3 | 5.2x |
| IRM | ||||||
| Sales volume (MMT) | 11.3 | 7.4 | (34%) | 24.1 | 15.7 | (35%) |
| Handling volume (MMT) | 4.3 | 6.0 | 41% | 9.5 | 13.0 | 37% |
Business Updates
Adani New Industries (ANIL – New Energy Ecosystem)
AdaniConnex Pvt Ltd (ACX - Data Center)
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 new energy 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 www.adanienterprises.com
| Manan Vakharia |
| Adani Enterprises Ltd Investor Relations |
| Tel: +91-79-25556140 |
| mananj.vakharia@adani.com |
For more information please contact:
| Roy Paul |
| Adani Group Corporate Communications |
| Tel: +91-79-25556628 |
| roy.paul@adani.com |
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