Adani Group flagship firms – Adani Enterprises Ltd (AEL) and Adani Ports and Special Economic Zone Ltd. (APSEZ) – on Wednesday reported robust top-line growth and record operating performance for the first quarter of the financial year 2026-27 (Q1 FY27), driven by strong expansion across their core infrastructure, incubation, and logistics businesses.
Adani Enterprises Q1 FY27 results
The company reported a consolidated net loss of Rs 1,160 crore for the reporting quarter, compared with a profit of Rs 885 crore a year earlier, after recording a one-time charge of Rs 2,644 crore related to the Office of Foreign Assets Control (OFAC) settlement.
Profit before tax, excluding the exceptional item, fell about 12 per cent year-on-year to Rs 1,295 crore, according to a company statement. Revenue from operations rose about 50 per cent to Rs 33,546 crore, while EBITDA climbed 49 per cent to a record Rs 5,642 crore.
Adani Enterprises said first-quarter results were “impacted due to higher operating cost on account of increased fuel prices due to global volatility”.
During the quarter, Adani paid USD 275 million relating to alleged sanctions violation in processing Iranian-origin LPG. This payment was recorded as a one-time exceptional item in the company’s financial results.
Adani Enterprises reported its highest-ever quarterly EBITDA of Rs 5,642 crore in the first quarter of FY27, marking a 49 per cent year-on-year increase, driven by strong performance across its infrastructure and incubating businesses.
The company said in a press release that its consolidated total income rose 50 per cent year-on-year to Rs 33,546 crore in Q1 FY27 from Rs 22,437 crore in the corresponding quarter last year.
Total expenses rose about 54 per cent to Rs 32,252 crore, driven by a sharp increase in the cost of materials consumed, which climbed to Rs 14,255 crore from Rs 3,393 crore a year earlier. Interest and finance costs rose 59.8 per cent, while employee benefit expenses increased 13.6 per cent.
Adani Enterprises said its airports business was a key contributor to the quarterly performance. Adani Airports’ EBITDA increased 49 per cent year-on-year to Rs 1,633 crore, while total income rose 39 per cent to Rs 3,763 crore.
Operationally, airport passenger traffic rose 3 per cent year-on-year to 24.2 million, copper sales increased more than fourfold to 64.7 kilotonnes, and wind turbine generator deliveries rose 83 per cent to 64 sets.
The company’s copper business also added Rs 749 crore to EBITDA during the quarter as capacity ramp-up accelerated. Copper sales rose sharply to 64.7 kilotonnes from 11.5 kilotonnes in Q1 FY26.
In the renewable energy ecosystem, Adani New Industries commissioned a new 1.7 GW solar module line in June, taking total module manufacturing capacity to 5.7 GW. The company said domestic demand for its solar modules fully absorbs export offtake.
AdaniConnex, the group’s data centre business, received a new hyperscale order of 400 MW in Vizag, taking cumulative tied-up capacity to more than 960 MW. Its operational capacity increased to 65.4 MW after handing over 9.6 MW of Pune Phase II to the customer.
Meanwhile, Navi Mumbai International Airport commenced international operations on July 15, while toll collections on the Ganga Expressway began from May 15.
AEL also raised Rs 15,000 crore through a qualified institutional placement in July, with the issue receiving bids 3.8 times the base issue size. The company said the strong institutional participation reflects investor confidence in its growth strategy.
“The commencement of international operations at Navi Mumbai International Airport, toll collections on the Ganga Expressway, the expansion of our solar module capacity and a major new hyperscale data center order mark important milestones in our growth journey.
“The successful Rs 15,000 crore QIP further reflects strong institutional confidence in our strategy and execution capabilities. As India’s infrastructure requirements expand, we remain focused on building globally competitive businesses that advance national priorities and create enduring value for all our stakeholders.”
AEL said the current quarter results reflect the strength of AEL’s diverse portfolio of established and incubating businesses, which provides both stability and growth. On the back of strong performance from established businesses and continued momentum of incubating businesses, AEL reports its highest ever quarterly EBITDA with y-o-y increase of 49 per cent.
Having established a strong foundation of infra-platform through disciplined investment cycle, AEL is now poised to witness the phase where capacity utilization of its assets and operational efficiencies will translate into meaningful financial outcomes for its shareholders, the statement added.
Adani Ports and Special Economic Zone Limited (APSEZ) on Wednesday reported a 10 per cent year-on-year (YoY) increase in its consolidated net profit to Rs 3,650 crore for the quarter ended June 30, 2026 (Q1 FY27), supported by strong growth across its domestic and international ports, marine and logistics businesses.
The company’s consolidated revenue rose 19 per cent to Rs 10,821 crore during the April-June quarter from Rs 9,126 crore in the corresponding period last financial year (Q1 FY26), according to its stock exchange filing.
The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 19 per cent year-on-year to Rs 6,541 crore from Rs 5,495 crore a year ago, as per its filing.
APSEZ said its international ports business emerged as a key growth driver during the quarter, with revenue surging 80 per cent year-on-year to Rs 1,747 crore, while EBITDA jumped 256 per cent to Rs 730 crore.
The company attributed the strong performance to robust operations in Australia and Colombo, highlighting the increasing maturity of its overseas portfolio.
“Our Q1 FY27 performance underscores the strength of our diversified business model, combining global reach with a multi-modal asset base across geographies, commodities, and customers,” Ashwani Gupta, Whole-time Director & CEO said.
“Our domestic ports business continued to deliver strong growth and remains the bedrock of APSEZ’s earnings, while International Ports, Marine, and Logistics have transitioned decisively from scale-up to scale-value, becoming increasingly important drivers of revenue growth and profitability,” Gupta added.
Its domestic ports business also maintained momentum, with revenue rising 12 per cent year-on-year, aided by higher cargo volumes, an improved cargo mix and better realisations.
The segment continued to deliver industry-leading profitability with an EBITDA margin of 74 per cent.
The marine business recorded significant expansion during the quarter, with revenue increasing 67 per cent year-on-year to Rs 901 crore, driven by the addition of offshore vessels and expansion of its European subsea operations.
(With inputs from agencies)
