Adani Enterprises Ltd

Q1 FY26Metals & Minerals Trading

Adani Enterprises Q1 FY26: Revenue ₹22,437 Cr, PAT ₹734 Cr

Q1 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹2,900

Market cap₹4.1L Cr

P/E172.2

Updated24 Sept 2026

Read6 min read

Based on Adani Enterprises Ltd's Q1 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Consolidated Financial Highlights Q1 FY26 vs Q1 FY25: - Total Income: ₹22,437 crore, down 14% YoY from ₹26,067 crore - EBITDA: ₹3,786 crore, down 12% YoY from ₹4,300 crore - Profit Before Tax: ₹1,466 crore, down 34% YoY from ₹2,236 crore - Profit After Tax: ₹734 crore, down 50% YoY from ₹1,458 crore - Segment-wise Q1 FY26 vs Q1 FY25: - ANIL Ecosystem Total Income: ₹4,035 crore, down 11% - ANIL Ecosystem EBITDA: ₹1,212 crore, down 26% - Airports Total Income: ₹2,715 crore, up 25% - Airports EBITDA: ₹1,094 crore, up 61% - Mining Services Dispatch Volume: 12.1 MMT, up 30% - IRM Volume: 12.8 MMT, down 17% - Airport passenger movement: 23.4 million, up 3% - Air Traffic Movements: 153.6k, up 1% - Cargo volume: 2.8 Lacs MT, up 4% - Outlook: - Large infra assets like Navi Mumbai Airport, Copper Plant, and Ganga Expressway expected to unlock EBITDA from FY26 onward. EBITDA for Q1 FY26: ₹3,786 crore, down 12% YoY (Q1 FY25: ₹4,300 crore) - Profit After Tax (PAT) for Q1 FY26: ₹734 crore, down 50% YoY (Q1 FY25: ₹1,458 crore) - Total Income for Q1 FY26: ₹22,437 crore,

From Adani Enterprises Ltd's Q1 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Consolidated Financial Highlights Q1 FY26 vs Q1 FY25:
Total Income: ₹22,437 crore, down 14% YoY from ₹26,067 crore
EBITDA: ₹3,786 crore, down 12% YoY from ₹4,300 crore
Profit Before Tax: ₹1,466 crore, down 34% YoY from ₹2,236 crore
Profit After Tax: ₹734 crore, down 50% YoY from ₹1,458 crore
Segment-wise Q1 FY26 vs Q1 FY25:
ANIL Ecosystem Total Income: ₹4,035 crore, down 11%
ANIL Ecosystem EBITDA: ₹1,212 crore, down 26%
Airports Total Income: ₹2,715 crore, up 25%
Airports EBITDA: ₹1,094 crore, up 61%
Mining Services Dispatch Volume: 12.1 MMT, up 30%
IRM Volume: 12.8 MMT, down 17%
Airport passenger movement: 23.4 million, up 3%
Air Traffic Movements: 153.6k, up 1%
Cargo volume: 2.8 Lacs MT, up 4%
Outlook:

2 more points management made on revenue & sales performance

Profitability & Margins

EBITDA for Q1 FY26: ₹3,786 crore, down 12% YoY (Q1 FY25: ₹4,300 crore)
Profit After Tax (PAT) for Q1 FY26: ₹734 crore, down 50% YoY (Q1 FY25: ₹1,458 crore)
Total Income for Q1 FY26: ₹22,437 crore, down 14% YoY (Q1 FY25: ₹26,067 crore)

2 more points management made on profitability & margins

See what Adani Enterprises Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

- Navi Mumbai Airport: Construction underway, capex included in Q1-26 external debt; operational by FY26. - Ganga Expressway: Construction ongoing; expected completion FY26. - Copper Plant: 500 KTPA capacity plant under construction, to be fully operational by FY26. - PVC Plant: 1 MMTPA capacity, construction ongoing; completion expected by FY28. - Data Centers (Adani ConneX): • Chennai Phase II - Under Construction, 33 MW total. • Noida - C&S completed, MEP in progress, 40 MW total. • Hyderabad Phase II - 9.6 MW C&S completed, MEP 72%, 48 MW total. • Pune Phase I - 9.6 MW, Pune I & II near completion (88%, 92%). • Navi Mumbai - Execution started, 30 MW capacity. - ANIL Ecosystem Manufacturing: • Cell & Module (MonoPerc 2.0 GW and TopCon 2.0 GW operational). • TopCon 6.0 GW module plant under construction (financial closure achieved).

2 more points management made on capital expenditure plans

Fundraising & Capital Structure

The presentation indicates an increase in external debt during the quarter, deployed in incubating infra-assets like Navi Mumbai Airport, Copper Plant, and Ganga Expressway (Page 28).
Consolidated Debt Movement Q1-26 vs March-24 shows increase in external debt, including non-current and current debt across segments (Page 27).
Net External Debt figures increased from ₹30,966 crore (Mar-24) to ₹52,667 crore (Jun-25) (Page 28).
Debt metrics such as Interest Coverage Ratio and Debt Service Coverage Ratio are shown but no explicit mention of fresh equity fundraising (Page 27).

2 more points management made on fundraising & capital structure

See what Adani Enterprises Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not explicitly state specific figures or details regarding order book, order inflow, or pending orders. It primarily focuses on: - Operational highlights across various sectors such as airports, roads, mining services, and integrated resource management. - Financial highlights including income, EBITDA, and debt profile. - Project statuses and key performance indicators.

2 more points management made on order book & pipeline

Adani Enterprises Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹32.4K Cr, net loss ₹167 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Adani Enterprises Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Adani Enterprises Ltd Q1 FY26 results?

What is Adani Enterprises Ltd share price analysis?

Adani Enterprises Ltd currently shows a neutral. The stock trades at a P/E of 172.2 with a market cap of ₹408,736 Cr. Investors should review the full earnings analysis for detailed insights.

Is Adani Enterprises Ltd planning capital expenditure?

Navi Mumbai Airport: Construction underway, capex included in Q1-26 external debt; operational by FY26.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.