India · Delayed Price · Currency is INR Adani Enterprises Earnings Call Transcripts
Fiscal Year 2026
-
Core infrastructure now drives 80% of EBITDA, with FY 2026 income at INR 102,943 crore and strong growth in airports, mining, and solar. FY 2027 EBITDA is set to rise by over INR 3,000 crore as new assets ramp up, with CapEx planned at INR 40,000 crore.
-
Strong nine-month results with income of INR 96,976 crore and EBITDA of INR 11,985 crore, driven by robust airport, mining, and solar segments. Major projects like Navi Mumbai Airport and Ganga Expressway to significantly boost future EBITDA.
-
H1 FY26 saw strong growth in airports, mining, and trading, with total income of INR 44,281 crore and EBITDA of INR 7,688 crore. Major CapEx is underway in airports, roads, and new industries, supported by a INR 25,000 crore rights issue to fund expansion and reduce debt.
-
Q1 FY2026 saw INR 22,437 crore in income and INR 3,786 crore EBITDA, with strong airport and mining services growth. Major assets like Navi Mumbai Airport, Kutch Copper, and Ganga Expressway are set to unlock EBITDA in FY2025-FY2026, despite ongoing global trade uncertainties.
Fiscal Year 2025
-
FY 2025 saw strong growth in income, EBITDA, and PBT, with significant gains from the Adani Wilmar stake sale and robust performance across green hydrogen, airports, and mining. CapEx is set to rise in FY 2026, with major investments in core infrastructure and energy transition projects.
-
Nine-month EBITDA rose 29% year-over-year to INR 12,377 crore, with strong growth in airports, mining, and new infra businesses. FY25 CAPEX is expected at INR 30,000 crore, with major investments deferred to next year. Adani Wilmar stake sale to fund future infra growth.
-
Record half-year EBITDA and profit growth driven by strong infra and industrial segments, with INR 67,000 crore CapEx planned for FY25. Key projects in green hydrogen, airports, and roads are progressing, and tariff hikes for airports will phase in by mid-2025.
-
Record quarterly EBITDA and profit growth driven by strong incubating businesses, with major expansions in solar, wind, and mining underway. CapEx remains robust and fully funded, while the demerger of the food FMCG business and new project milestones support long-term growth.