Adani Enterprises Ltd
Adani Enterprises Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Navi Mumbai Airport operations began in December 2025; Phase 2 construction starting post-monsoon 2026, with fully booked airline slots, indicating volume growth (Page 8). Navi Mumbai Airport and Ganga Expressway expected to significantly boost EBITDA; Ganga Expressway alone could double road segment EBITDA (~INR1,500-2,000 crores currently).
From Adani Enterprises Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Navi Mumbai Airport operations began in December 2025; Phase 2 construction starting post-monsoon 2026, with fully booked airline slots, indicating volume growth (Page 8).
- Airport segment EBITDA expected to grow significantly, with Navi Mumbai adding over INR 2,000 crores EBITDA on normalization (Page 6).
- Ganga Expressway commissioning soon, anticipated to double the Road segment EBITDA from around INR 1,500 crores currently (Page 8).
- Kutch Copper full utilization expected in next 2-3 months, potentially adding INR 2,800–3,100 crores EBITDA (Page 6).
2 more points from Adani Enterprises Ltd's call on revenue
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Profitability & Margins
See what Adani Enterprises Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Total capex target for FY '26 is INR 36,000 crores, with INR 25,200 crores already incurred in the first 9 months. (Page 9)
- 6 GW cell and module capacity plant: Total capex around INR 10,000 crores; expected completion and production by September 2026. (Page 9)
- Coal to PVC project: Current capex incurred about INR 9,000 crores (one-third of total); expected revenue from calendar year 2028; base completion towards end of 2026 with 6-9 months ramp-up. (Page 8)
- Ganga Expressway (INR 18,000 crores asset) set to go live soon, expected to double road segment EBITDA in FY '27. (Page 8 & 3)
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Fundraising & Capital Structure
See what Adani Enterprises Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- For the 6 GW cell and module capacity expected to be completed by September 2026, the company states they have enough orders to fully utilize the capacity.
- Current run rate is about 4 GW, and once the 10 GW capacity is available, they can supply about 2,000 MW per quarter.
- No specific mention of other pending orders or orderbook details beyond the solar manufacturing capacity and expected orders tied to that capacity.
Adani Enterprises Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹32.4K Cr, net loss ₹167 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Adani Enterp.'s management said in earlier quarters
- Q1 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q2 FY26 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
Others in Metals & Minerals Trading this season
- Lloyds Enterpris (Q3 FY26)
Standalone Income from Operations for 9MFY26: ₹540.53 crore, up 40.61% YoY from ₹384.41 crore in 9MFY25 (Page 6). Key investor presentation takeaways from Lloyd
- SG Mart (Q3 FY26)
150 crore EBITDA. Key concall takeaways from SG Mart Ltd's Q3 FY26 earnings call — and how it ranks against sector peers.
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Frequently Asked Questions
What were Adani Enterprises Ltd Q3 FY26 results?
Navi Mumbai Airport operations began in December 2025; Phase 2 construction starting post-monsoon 2026, with fully booked airline slots, indicating volume growth (Page 8). Navi Mumbai Airport and Ganga Expressway expected to significantly boost EBITDA; Ganga Expressway alone could double road segment EBITDA (~INR1,500-2,000 crores currently).
What is Adani Enterprises Ltd share price analysis?
Adani Enterprises Ltd currently shows a neutral. The stock trades at a P/E of 173.0 with a market cap of ₹410,779 Cr. Investors should review the full earnings analysis for detailed insights.
Is Adani Enterprises Ltd planning capital expenditure?
Total capex target for FY '26 is INR 36,000 crores, with INR 25,200 crores already incurred in the first 9 months.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.