Adani Enterprises Limited (AEL), the flagship company of the Adani Group, reported a sharp decline in earnings for the quarter ended June 30, 2025 (Q1FY26), as both profit and revenue witnessed double-digit declines on a year-on-year (YoY) basis.
Net profit halves YoY
The consolidated net profit for Q1FY26 came in at ₹734 crore, a steep 49.5% fall compared to ₹1,454 crore in Q1FY25. This significant dip in bottom line reflects pressure on margins, higher costs, and lower revenue across key verticals.
Revenue contracts 14%
Adani Enterprises reported consolidated revenue from operations of ₹21,961 crore for the quarter, down 13.8% from ₹25,472 crore in the year-ago period. The fall in revenue can be attributed to moderation in performance across segments like integrated resources management, airports, roads, and other emerging infrastructure platforms.
On a sequential basis, revenue also declined from ₹26,965.86 crore reported in Q4FY25, highlighting weakness in operating momentum.
EBITDA slips, but margin improves slightly
Operating EBITDA for the quarter stood at ₹3,310 crore, down 10.7% from ₹3,705 crore in Q1FY25. However, the EBITDA margin rose slightly to 15.10% from 14.60% in the same period last year, indicating better cost controls or higher-margin mix in select businesses.
Key Highlights
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Net Profit: ₹734 crore, down 49.5% YoY
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Revenue from operations: ₹21,961 crore, down 14% YoY
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EBITDA: ₹3,310 crore, down 11% YoY
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EBITDA Margin: 15.10% vs 14.60% YoY
Conclusion
Adani Enterprises has delivered a weak set of numbers in Q1FY26, weighed down by lower revenue and profitability across verticals. Despite the pressure on top and bottom lines, a marginal uptick in operating margins offers some relief. The company remains focused on its core infrastructure, energy transition, and airport development businesses, and investors will keenly track any updates on capex, project execution, and debt metrics in the quarters ahead.
