Adani Enterprises Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	1,004,686	978,948	964,210	1,275,395	694,202
Revenue Growth (YoY)	2.63%	1.53%	-24.40%	83.72%	75.58%
Cost of Revenue	541,088	513,693	503,912	934,869	537,175
Gross Profit	463,598	465,255	460,298	340,526	157,027
Selling, General & Admin	323,707	322,735	346,532	252,349	119,895
Other Operating Expenses	-	-257.6	-437	-405.3	-308.8
Operating Expenses	385,060	364,590	376,516	276,305	132,064
Operating Income	78,538	100,665	83,782	64,221	24,963
Interest Expense	-69,365	-56,053	-41,866	-35,397	-20,351
Interest & Investment Income	-	13,671	10,581	8,355	7,698
Earnings From Equity Investments	2,572	5,077	406.4	2,127	3,123
Currency Exchange Gain (Loss)	9,173	-	-	-	-
Other Non Operating Income (Expenses)	24,746	3,185	448.1	-1,419	-3,265
EBT Excluding Unusual Items	45,665	66,545	53,351	37,886	12,168
Gain (Loss) on Sale of Investments	-	1,676	1,107	105.9	19.1
Gain (Loss) on Sale of Assets	-	1,630	1,882	19.7	15.7
Other Unusual Items	92,154	40,015	-6,684	-3,506	440.6
Pretax Income	137,818	109,865	49,656	34,506	12,644
Income Tax Expense	38,312	29,685	16,315	10,379	4,767
Earnings From Continuing Operations	99,507	80,180	33,340	24,126	7,877
Earnings From Discontinued Operations	-	-129.6	12.3	89.6	-
Net Income to Company	99,507	80,050	33,353	24,216	7,877
Minority Interest in Earnings	-6,112	-9,060	-944.9	513.4	-111.4
Net Income	93,395	70,990	32,408	24,729	7,766
Preferred Dividends & Other Adjustments	-	1,567	1,354	-	-
Net Income to Common	93,395	69,423	31,054	24,729	7,766
Net Income Growth	31.56%	119.05%	31.05%	218.45%	-15.83%
Shares Outstanding (Basic)	1,234	1,147	1,140	1,135	1,100
Shares Outstanding (Diluted)	1,269	1,147	1,140	1,135	1,100
Shares Change (YoY)	10.69%	0.57%	0.40%	3.24%	-
EPS (Basic)	75.66	60.55	27.24	21.78	7.06
EPS (Diluted)	73.59	60.55	27.24	21.78	7.06
EPS Growth	21.53%	122.28%	25.08%	208.44%	-15.83%
Free Cash Flow	-310,122	-246,580	-121,018	29,017	-102,622
Free Cash Flow Per Share	-244.36	-215.07	-106.16	25.55	-93.31
Dividend Per Share	1.300	1.300	1.300	1.200	1.000
Dividend Growth	-	-	8.33%	20.00%	-
Gross Margin	46.14%	47.53%	47.74%	26.70%	22.62%
Operating Margin	7.82%	10.28%	8.69%	5.04%	3.60%
Profit Margin	9.30%	7.09%	3.22%	1.94%	1.12%
Free Cash Flow Margin	-30.87%	-25.19%	-12.55%	2.27%	-14.78%
EBITDA	139,891	135,365	108,809	84,739	36,875
EBITDA Margin	13.92%	13.83%	11.29%	6.64%	5.31%
D&A For EBITDA	61,353	34,701	25,028	20,518	11,912
EBIT	78,538	100,665	83,782	64,221	24,963
EBIT Margin	7.82%	10.28%	8.69%	5.04%	3.60%
Effective Tax Rate	27.80%	27.02%	32.86%	30.08%	37.70%
Revenue as Reported	1,029,432	1,003,651	982,815	1,287,341	704,327

Source: S&P Global Market Intelligence. Standard template. Financial Sources.