Adani Enterprises Reports ₹11,985 Crore EBITDA for Nine Months FY26

Adani Enterprises Limited (AEL) has reported a consolidated Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of ₹11,985 crore for the first nine months of the fiscal year 2026 (FY26). The company's revenue for the same period stood at ₹69,756 crore.

The firm's performance coincided with significant operational milestones, particularly the opening of the Navi Mumbai International Airport, which commenced operations on December 25, 2025. This project, acquired less than five years ago, has an initial capacity to handle 20 million passengers annually, reinforcing the aviation infrastructure in India.

In addition to its revenue growth, AEL reported a profit before tax (PBT) of ₹3,581 crore, excluding an exceptional gain of ₹9,215 crore from the divestment of its stakes in Adani Wilmar and cement businesses to Ambuja Cements. When including these exceptional items, the PBT ascended to ₹12,796 crore. The profit after tax attributable to owners saw a notable increase of 193% year-on-year, reaching ₹9,560 crore.

Gautam Adani, Chairman of the Adani Group, commented on the results, stating, "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."

He added that the launch of the Navi Mumbai International Airport represents a significant achievement. He described it as a commitment to developing critical national assets with urgency. Adani emphasised the company's focus on various sectors, including airports, renewable energy, data centres, and transport infrastructure, as well as its active engagement in capital markets through successful rights issues and the issuance of non-convertible debentures.

The airports segment showed particularly strong performance, with a 31% rise in revenue and a 47% increase in EBITDA over the nine-month timeframe. Notably, the EBITDA for the airports business exceeded the total for the previous fiscal year, FY25, by 7%. Passenger traffic at Adani-managed airports reached 70.6 million during this period.

In the renewable energy domain, Adani Solar has distinguished itself by ranking among the world's top ten solar module manufacturers. It remains the only Indian firm to achieve this status, with domestic solar module sales increasing by 40% year-on-year to 997 megawatts (MW) in the last quarter of 2025.

AEL's data centre subsidiary, AdaniConnex, has expanded its operational capacity, now exceeding 50 MW. On the infrastructure front, the company operationalised two road projects under the hybrid annuity model (HAM), bringing the number of operational road projects to nine.

Furthermore, AEL's water business received a letter of award for the Mithi River project in Mumbai, a significant urban development initiative.

In recent financial activities, the company completed a ₹24,930 crore rights issue, which was oversubscribed by 30%. Additionally, it raised ₹1,000 crore from its latest public offering of non-convertible debentures in January 2026, bolstering its financial position for future expansion.

Moving forward, Adani Enterprises is committed to nurturing large-scale, globally competitive businesses that align with India's long-term infrastructure and sustainability objectives.