Adani Enterprises Q1 profit plunges 50% to ₹734 cr on weak IRM, commercial mining business; key takeaways here

Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, has reported a total income of ₹22,437 crore for the April-June quarter of 2025-26. The revenue declined 14% year-on-year from ₹26,067 crore in the same quarter of the previous year. EBITDA fell 12% to ₹3,786 crore from ₹4,300 crore in the year-ago period. Profit attributable to shareholders, including exceptional gain, saw a 50% decline to ₹734 crore from ₹1,458 crore on a dip in trading volumes and lower index price realisations in the integrated resource management and commercial mining. Amid the Q1 results, Adani Enterprises' shares closed at ₹2,430.00, down 4.6%, on the NSE.

Key highlights of AEL's Q1 Financial Results:

1. Adani Enterprises ' incubating business EBITDA grew by 5% YoY to ₹2,800 cr, while AAHL-Adani Airports EBITDA increased by 61% YoY to ₹1,094 crore.

2. Adani Airport Holdings-Adani Airports managed 23.4 million pax movements; Adani New Industries received its first external order of 300 MW for the new 3.3 MW WTG model; ANIL supplied 1 GW of India’s largest 5.2 MW wind turbines; and two new MDO service agreements were signed.

3. AEL's EBITDA from incubating businesses increased by 5% to ₹2,800 cr on a y-o-y basis and contributed 74% to Q1-FY26 results. AEL says it will witness operationalisation of the large infra-assets during this fiscal year, reflecting its project execution capabilities, which should result in EBITDA unlock and long-term value creation.

4. Gautam Adani, Chairman of the Adani Group, says the substantial rise in EBITDA contribution from its incubating businesses reflects the strength and scalability of the company's operating model. This performance has been led by the airports business, which delivered 61% year-on-year growth in EBITDA.

5. Adani says with assets like the Navi Mumbai International Airport, the copper plant and the Ganga Expressway set to become operational, the company is accelerating its mission to build next-generation infrastructure platforms.

6. During Q1 F25, AEL’s subsidiary entity Adani Commodities LLP sold a 10.42% stake in AWL through a block deal and realised ₹3,700 crore (before tax). It also entered into a Share Purchase Agreement with Wilmar Group for transferring the remaining stake of up to 20%.

7. The company also saw strong participation from retail and non-institutional investors to fully subscribe issue within three hours of the launch day. Completed its second public issue of NCDs, raising ₹1,000 crore in the last 12 months.