Adani Ent Q1 Results: PAT plunges 45% YoY to Rs 976 cr, rev down 14%

Gautam Adani-led Adani Enterprises on Thursday reported a 45% year-on-year (YoY) decline in consolidated profit to Rs 976.48 crore for the first quarter ended June 2025, compared to Rs 1,772.26 crore in the same period last year.

Revenue from operations fell 13.7% YoY to Rs 21,961.20 crore in Q1FY26, down from Rs 25,472.40 crore reported in Q1FY25.

The company said its June-quarter performance was primarily impacted by lower trade volumes and heightened index price volatility in its Integrated Resource Management (IRM) and Commercial Mining segments.

Adani Enterprises (AEL), the flagship firm of the Adani Group, reported a consolidated EBITDA of Rs 3,786 crore for Q1 FY26, a 12% decline from Rs 4,300 crore in the same period last year.

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The consolidated profit before tax for the June 2025 quarter stood at Rs 1,466 crore, marking a 34% YoY decline from Rs 2,236 crore in the same period last year.

EBITDA from the company’s incubating businesses rose 5% to Rs 2,800 crore, up from Rs 2,667 crore a year earlier, driven by continued momentum in the Airports and Roads segments, the company said.

"The substantial rise in EBITDA contribution from our incubating businesses reflects strength and scalability of our operating model. This performance has been led by our Airports business, which delivered an exceptional 61% year-on-year growth in EBITDA," said Gautam Adani, Chairman, Adani Group.

Adani Enterprises added that large infrastructure assets, including the Navi Mumbai Airport, the copper plant, and the Ganga Expressway, are expected to begin contributing to EBITDA from FY26.

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During the quarter, Adani Airport Holdings Ltd (AAHL) raised $750 million through External Commercial Borrowings (ECB) to refinance existing debt, upgrade infrastructure, expand capacity across six airports, and scale up its non-aeronautical businesses, the company said.

AAHL also secured $1 billion in project financing for Mumbai International Airport Ltd (MIAL), aimed at enhancing financial flexibility to support its capital expenditure programme.

The company’s net external debt stood at Rs 52,667 crore as of June 2025, up nearly 7% from Rs 49,306 crore at the end of the March 2025 quarter. The increase in debt, the company said, was deployed towards its incubating infrastructure assets.