Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Adani Enterprises Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 28,944 | 22,644 | 19,546 | 25,050 | 29,180 | 25,472 | 22,608 | 22,848 | 26,966 | 21,961 | 21,249 | 24,820 | 32,439 |
| Expenses + | 25,337 | 20,119 | 17,116 | 21,824 | 25,985 | 21,767 | 18,842 | 19,778 | 23,256 | 18,651 | 17,942 | 21,178 | 28,709 |
| Operating Profit | 3,607 | 2,525 | 2,430 | 3,226 | 3,195 | 3,706 | 3,766 | 3,070 | 3,710 | 3,310 | 3,307 | 3,642 | 3,731 |
| OPM % | 12% | 11% | 12% | 13% | 11% | 15% | 17% | 13% | 14% | 15% | 16% | 15% | 12% |
| Other Income + | -15 | 370 | 461 | 491 | -176 | 591 | 583 | 648 | 4,582 | 475 | 4,179 | 6,288 | 748 |
| Interest | 1,525 | 1,103 | 1,343 | 597 | 1,513 | 1,130 | 910 | 2,141 | 1,796 | 1,035 | 1,711 | 1,626 | 1,646 |
| Depreciation | 895 | 714 | 757 | 760 | 811 | 934 | 1,035 | 1,006 | 1,236 | 1,284 | 1,377 | 1,372 | 2,103 |
| Profit before tax | 1,172 | 1,079 | 791 | 2,361 | 696 | 2,232 | 2,403 | 572 | 5,259 | 1,466 | 4,398 | 6,932 | 729 |
| Tax % | 38% | 33% | 50% | 19% | 62% | 26% | 21% | 103% | 24% | 39% | 23% | 20% | 117% |
| Net Profit + | 781 | 677 | 333 | 1,973 | 352 | 1,772 | 1,989 | 229 | 4,015 | 976 | 3,414 | 5,727 | -167 |
| EPS in Rs | 5.66 | 5.28 | 1.78 | 14.79 | 3.53 | 11.39 | 13.64 | 0.45 | 29.74 | 5.68 | 24.74 | 43.53 | -1.71 |
Financials of Adani Enterprises Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 64,465 | 34,008 | 36,533 | 35,924 | 40,379 | 43,403 | 39,537 | 69,420 | 127,540 | 96,421 | 97,895 | 100,469 |
| Expenses + | 52,015 | 32,325 | 34,631 | 33,886 | 38,409 | 41,108 | 37,031 | 65,707 | 118,722 | 85,044 | 83,643 | 86,479 |
| Operating Profit | 12,450 | 1,684 | 1,902 | 2,038 | 1,969 | 2,294 | 2,506 | 3,714 | 8,818 | 11,377 | 14,252 | 13,989 |
| OPM % | 19% | 5% | 5% | 6% | 5% | 5% | 6% | 5% | 7% | 12% | 15% | 14% |
| Other Income + | 792 | 1,044 | 749 | 363 | 504 | 872 | 494 | 1,012 | 834 | 1,146 | 6,403 | 11,690 |
| Interest | 7,056 | 1,357 | 1,257 | 1,250 | 1,625 | 1,572 | 1,377 | 2,526 | 3,969 | 4,555 | 5,978 | 6,019 |
| Depreciation | 3,522 | 314 | 315 | 664 | 390 | 472 | 537 | 1,248 | 2,436 | 3,042 | 4,211 | 6,135 |
| Profit before tax | 2,663 | 1,056 | 1,079 | 487 | 459 | 1,122 | 1,086 | 952 | 3,247 | 4,926 | 10,466 | 13,525 |
| Tax % | 14% | 7% | 25% | 23% | 32% | 29% | 31% | 50% | 32% | 33% | 28% | 28% |
| Net Profit + | 2,298 | 1,000 | 925 | 594 | 506 | 1,040 | 1,046 | 788 | 2,422 | 3,335 | 8,005 | 9,951 |
| EPS in Rs | 15.81 | 8.21 | 8.02 | 6.15 | 5.82 | 9.24 | 7.49 | 6.30 | 19.30 | 25.37 | 55.02 | 72.31 |
| Dividend Payout % | 8% | 4% | 4% | 6% | 6% | 10% | 12% | 14% | 6% | 5% | 2% | 2% |
Financials of Adani Enterprises Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 114 | 114 | 115 | 129 |
| Reserves | 25,618 | 13,268 | 14,026 | 14,979 | 14,646 | 16,837 | 17,049 | 22,147 | 32,937 | 38,962 | 50,199 | 80,797 |
| Borrowings + | 83,571 | 19,169 | 20,846 | 17,637 | 11,243 | 12,419 | 16,227 | 41,604 | 53,200 | 65,310 | 91,819 | 106,622 |
| Other Liabilities + | 21,420 | 9,132 | 12,630 | 23,679 | 16,537 | 17,509 | 18,231 | 37,726 | 55,027 | 56,200 | 55,710 | 74,053 |
| Total Liabilities | 130,718 | 41,679 | 47,611 | 56,405 | 42,536 | 46,875 | 51,617 | 101,586 | 141,278 | 160,586 | 197,843 | 261,600 |
| Fixed Assets + | 83,834 | 10,473 | 13,668 | 10,555 | 9,020 | 10,476 | 10,838 | 30,123 | 56,881 | 65,978 | 77,260 | 138,112 |
| CWIP | 6,733 | 7,705 | 7,731 | 5,526 | 5,765 | 7,347 | 8,825 | 23,544 | 24,025 | 35,180 | 51,516 | 28,815 |
| Investments | 744 | 805 | 1,042 | 1,461 | 1,511 | 1,952 | 5,503 | 4,292 | 6,310 | 8,701 | 9,887 | 9,428 |
| Other Assets + | 39,407 | 22,696 | 25,170 | 38,864 | 26,240 | 27,099 | 26,451 | 43,627 | 54,062 | 50,728 | 59,180 | 85,245 |
| Total Assets | 130,718 | 41,679 | 47,611 | 56,405 | 42,536 | 46,875 | 51,617 | 101,586 | 141,278 | 160,586 | 197,843 | 261,600 |
Financials of Adani Enterprises Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 8,532 | 5,112 | 774 | 2,942 | 3,236 | 2,454 | 4,043 | 1,385 | 17,626 | 10,312 | 4,513 | 2,357 |
| Cash from Investing Activity + | -11,465 | -1,825 | -1,460 | -7,649 | 2,487 | -1,082 | -8,611 | -17,041 | -15,459 | -18,767 | -25,709 | -28,438 |
| Cash from Financing Activity + | 3,445 | -3,448 | 716 | 5,120 | -6,158 | -221 | 3,109 | 15,901 | -1,198 | 8,879 | 21,947 | 28,484 |
| Net Cash Flow | 512 | -161 | 30 | 413 | -436 | 1,151 | -1,459 | 246 | 970 | 424 | 751 | 2,403 |
| Free Cash Flow | -621 | -778 | -3,373 | -4,352 | 1,471 | -268 | 684 | -10,260 | 2,972 | -11,934 | -24,294 | -30,993 |
| CFO/OP | 75% | 317% | 52% | 157% | 175% | 119% | 166% | 43% | 210% | 106% | 46% | 36% |
Financials of Adani Enterprises Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 87 | 109 | 127 | 123 | 129 | 111 | 111 | 72 | 36 | 37 | 36 | 46 |
| Inventory Days | 35 | 17 | 19 | 28 | 29 | 27 | 21 | 46 | 27 | 69 | 73 | 126 |
| Days Payable | 89 | 69 | 101 | 104 | 133 | 126 | 142 | 120 | 111 | 178 | 148 | 137 |
| Cash Conversion Cycle | 33 | 57 | 46 | 47 | 26 | 11 | -10 | -2 | -49 | -72 | -39 | 35 |
| Working Capital Days | -81 | -2 | -19 | -8 | -10 | -21 | -31 | -89 | -38 | -61 | -59 | -35 |
| ROCE % | 9% | 3% | 7% | 6% | 7% | 9% | 8% | 7% | 9% | 10% | 9% | 6% |