Adani Enterprises on Tuesday reported a consolidated net profit of ₹5,627.02 crore (attributable to owners of the company) for the quarter ended December 31, 2025. In the same quarter of the previous fiscal year, the company had reported a net profit of ₹57.83 crore. While the meteoric rise in profit can be attributed to an exceptional gain for the quarter, the company posted a revenue growth of 8.6% YoY to ₹24,820 crore during Q3 FY26, as compared with ₹22,848 crore reported in Q3 FY25.

During the quarter under review, the company's EBITDA also improved 18.6% to ₹3,642 crore, up from ₹3,070 crore reported in the year-ago quarter. This growth was can be attributed to scaling of the company’s "incubator" businesses, particularly in the airport and green energy sectors.

Exceptional gain and capital infusion

The jump in bottom-line profitability was primarily driven by a one-time exceptional gain of ₹5,632 crore. This gain resulted from the divestment of the company’s remaining stake in Adani Wilmar Ltd (AWL) and the transfer of certain cement units to Ambuja Cements.

On the capital front, Adani Enterprises completed a ₹24,930 crore Rights Issue during the quarter, which saw 30% oversubscription. The company utilised these proceeds to deleverage its balance sheet, majorly targeting the repayment of borrowings for its airport and infrastructure verticals.

Airports and green hydrogen

The quarter was marked by the commencement of commercial operations at the greenfield Navi Mumbai International Airport on December 25, 2025. The airport handled over 1 lakh passengers within its first 19 days. Consequently, the airports division saw a 28% revenue jump and a 42% surge in EBITDA for the quarter.

In the ANIL (New Industries) Ecosystem, solar module sales surged 40% YoY to 997 MW. The division also began supplying its 3.3 MW Wind Turbine Generators, strengthening its position as a top-10 global solar manufacturer.

Digital and transport infrastructure

The company's data centre business, AdaniConneX, operationalised 14.4 MW of new capacity in Pune and Hyderabad, bringing its total operational footprint to over 50 MW. Additionally, the road business (ARTL) operationalised two new projects in Andhra Pradesh and Odisha.

"The strength of our incubator model is reflected in our diversified infrastructure portfolio," said Gautam Adani, chairman of the Adani Group.

The shares of Adani Enterprises ended 10.58% higher at ₹2,206.50 apiece on the National Stock Exchange on Tuesday. While this marked a major single-day surge, the company's stock has risen just under 1% over the past year, underperforming the benchmark Nifty 50 index that has climbed close to 11% during the same period.