Adani Enterprises Q2 FY26 Results: Revenue Drops 6% YoY to ₹21,844 Crore

Adani Enterprises Ltd (AEL) announced its Q2 FY26 financial results on November 4, 2025, reflecting steady performance despite market challenges in commodity trading and mining. The company continues to focus on infrastructure execution and expansion across airports, renewable energy, data centres, and roads.

Adani Enterprises Q2 FY26 Earnings Results

During Q2 FY26, AEL reported consolidated total revenue of ₹21,844 crore compared to ₹23,196 crore in Q2 FY25, registering a 6% year-on-year decline. The consolidated EBITDA stood at ₹3,902 crore, down 10% from ₹4,354 crore in the same period last year. However, profit before tax surged 83% year-on-year to ₹4,398 crore, supported by a one-time exceptional gain of ₹3,583 crore. Profit after tax rose 84% year-on-year to ₹3,199 crore.

Operational Highlights and Sectoral Performance

The airports division continued to deliver robust growth with revenue increasing 39% to ₹3,167 crore and EBITDA up 43% to ₹1,062 crore. The segment benefited from increased passenger traffic and higher non-aero revenue. 

The Adani New Industries Ltd (ANIL) ecosystem reported EBITDA of ₹1,172 crore, up 5% year-on-year, supported by higher module sales and wind turbine generation volumes. Mining services dispatches rose 27%, while road construction activity grew 153% year-on-year during the quarter.

Read More: Adani Enterprises Plans to Raise ₹25,000 Crore via Rights Issue for Strategic Growth!

Major Infrastructure and Strategic Developments

On October 8, 2025, AEL inaugurated the Navi Mumbai International Airport, marking a milestone in India’s aviation infrastructure. The company received the provisional commercial operation date for the Nanasa-Pidgaon road project, making it the 7th operational asset in its roads portfolio. AEL also secured new projects in roads and water management with a total value of ₹19,982 crore.

Recognition and Sustainability Efforts

In Q2 FY26, AEL received several accolades for its sustainability and innovation efforts. The company was named ‘Great Indian ESG Organisation of the Year 2025’, and its ANIL division earned the ‘Gold Award’ for safety performance. The group’s airport and mining businesses also won national awards for digital innovation and climate leadership.

New Project Wins and Strategic Partnerships

The company received Letters of Award for 3 projects in Roads and 2 projects in the Water business, with a cumulative order book of ₹19,982 crore. AdaniConnex has partnered with Google to develop India's largest AI Data Center campus in Visakhapatnam, Andhra Pradesh.

Adani Enterprises Share Price Performance

On November 4, 2025, Adani Enterprises share price opened at ₹2,479.80 on NSE, above the previous close of ₹2,467.00. During the day, it surged to ₹2,488.90 and dipped to ₹2,390.60. The stock is trading at ₹2,430.80 as of 3:08 PM. The stock registered a moderate decline of 1.47%.

Over the past week, it has declined by 4.20%, over the past month, it has declined by 5.54%, and over the past 3 months, it has moved up by 2.84%.

Conclusion

Adani Enterprises’ Q2 FY26 results highlight consistent operational strength across infrastructure and green energy verticals despite lower trading activity. With its diversified portfolio, AEL remains focused on sustainable growth and efficient capital management as it continues to scale India’s next-generation infrastructure assets.

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