Adani Enterprises Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	949,952	978,948	964,210	1,275,395	694,202	395,371
Revenue Growth (YoY)	-5.11%	1.53%	-24.40%	83.72%	75.58%	-8.91%
Cost of Revenue	489,476	513,693	503,912	934,869	537,175	302,478
Gross Profit	460,475	465,255	460,298	340,526	157,027	92,893
Selling, General & Admin	320,792	322,735	346,532	252,349	119,895	67,843
Other Operating Expenses	-257.6	-257.6	-437	-405.3	-308.8	-139.7
Operating Expenses	373,219	364,590	376,516	276,305	132,064	73,074
Operating Income	87,256	100,665	83,782	64,221	24,963	19,819
Interest Expense	-68,021	-56,053	-41,866	-35,397	-20,351	-11,837
Interest & Investment Income	13,671	13,671	10,581	8,355	7,698	4,315
Earnings From Equity Investments	3,394	5,077	406.4	2,127	3,123	2,994
Currency Exchange Gain (Loss)	10,058	-	-	-	-	2,825
Other Non Operating Income (Expenses)	2,108	3,185	448.1	-1,419	-3,265	-1,836
EBT Excluding Unusual Items	48,466	66,545	53,351	37,886	12,168	16,280
Gain (Loss) on Sale of Investments	1,676	1,676	1,107	105.9	19.1	18.3
Gain (Loss) on Sale of Assets	1,630	1,630	1,882	19.7	15.7	33.3
Asset Writedown	-	-	-	-	-	-794.4
Other Unusual Items	132,169	40,015	-6,684	-3,506	440.6	-1,683
Pretax Income	183,939	109,865	49,656	34,506	12,644	13,854
Income Tax Expense	42,615	29,685	16,315	10,379	4,767	3,397
Earnings From Continuing Operations	141,324	80,180	33,340	24,126	7,877	10,458
Earnings From Discontinued Operations	-	-129.6	12.3	89.6	-	-
Net Income to Company	141,324	80,050	33,353	24,216	7,877	10,458
Minority Interest in Earnings	-7,273	-9,060	-944.9	513.4	-111.4	-1,231
Net Income	134,051	70,990	32,408	24,729	7,766	9,226
Preferred Dividends & Other Adjustments	1,567	1,567	1,354	-	-	-
Net Income to Common	132,484	69,423	31,054	24,729	7,766	9,226
Net Income Growth	261.84%	119.05%	31.05%	218.45%	-15.83%	-18.94%
Shares Outstanding (Basic)	1,122	1,147	1,140	1,135	1,100	1,100
Shares Outstanding (Diluted)	1,135	1,147	1,140	1,135	1,100	1,100
Shares Change (YoY)	-4.39%	0.57%	0.40%	3.24%	-	-
EPS (Basic)	118.12	60.55	27.24	21.78	7.06	8.39
EPS (Diluted)	116.76	60.55	27.24	21.78	7.06	8.39
EPS Growth	288.22%	122.28%	25.08%	208.44%	-15.83%	-18.94%
Free Cash Flow	-	-246,580	-121,018	29,017	-102,622	-956.7
Free Cash Flow Per Share	-	-215.07	-106.16	25.55	-93.31	-0.87
Dividend Per Share	-	1.300	1.300	1.200	1.000	1.000
Dividend Growth	-	-	8.33%	20.00%	-	-
Gross Margin	48.47%	47.53%	47.74%	26.70%	22.62%	23.49%
Operating Margin	9.19%	10.28%	8.69%	5.04%	3.60%	5.01%
Profit Margin	13.95%	7.09%	3.22%	1.94%	1.12%	2.33%
Free Cash Flow Margin	-	-25.19%	-12.55%	2.27%	-14.78%	-0.24%
EBITDA	129,212	135,365	108,809	84,739	36,875	24,721
EBITDA Margin	13.60%	13.83%	11.29%	6.64%	5.31%	6.25%
D&A For EBITDA	41,955	34,701	25,028	20,518	11,912	4,902
EBIT	87,256	100,665	83,782	64,221	24,963	19,819
EBIT Margin	9.19%	10.28%	8.69%	5.04%	3.60%	5.01%
Effective Tax Rate	23.17%	27.02%	32.86%	30.08%	37.70%	24.52%
Revenue as Reported	973,578	1,003,651	982,815	1,287,341	704,327	402,909

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.