Adani Enterprises Q2 FY27 Results: Total Income Jumps 20% to ₹3,786 Crore
Adani Enterprises Limited reported a 20% YoY increase in Q2 FY27 total income to ₹3,786 crore. H1 FY27 income rose 28% to ₹7,549 crore. EBITDA surged 119% in Q2 and 161% in H1. Key growth drivers include airports and the new energy ecosystem, with a new 4.3 GW solar module line commissioned. Credit rating upgraded to AA Stable.
The announcement includes strong financial performance metrics, a credit rating upgrade, and substantial operational progress across key business verticals, which are material factors for investors and the market.
The company's financial results show significant year-on-year growth in total income and EBITDA. The credit rating upgrade and positive operational updates from various business segments contribute to a positive sentiment.
Adani Enterprises Limited (AEL) has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a significant increase in total income for the second quarter of fiscal year 2027 (Q2 FY27) to ₹3,786 crore, a 20% rise compared to the same period last year. This growth was primarily driven by a substantial 55% increase in non-aero income, alongside a 12% rise in aero revenue.
For the half-year ended September 30, 2026 (H1 FY27), AEL's total income reached ₹7,549 crore, marking a 28% increase year-on-year. The company's EBITDA also saw a robust increase, growing by 119% to ₹6,316 crore in Q2 FY27 and by 161% to ₹11,958 crore in H1 FY27. This strong performance is attributed to the ramp-up in the copper plant and positive commodity price movements, as well as the continued strong performance of its core infrastructure businesses, particularly airports.
The company's incubated businesses, including the New Energy Ecosystem, Airports, and Data Centers, showed significant progress. The New Energy Ecosystem saw its module line capacity increase to 10 GW with the commissioning of a new 4.3 GW line using TopCon technology. Adani Airports Holdings Ltd (AAHL) reported growth in both aero and non-aero revenues, with non-aero revenue up by 55% year-on-year, driven by food & beverages, ground handling, lease rent, lounge, and duty-free services. Adani Connex Data Center's operational capacity reached 94.6 MW, with a cumulative tied-up capacity of over 1.2 GW.
Financially, AEL's long-term credit rating has been upgraded to 'AA' with a stable outlook, the highest ever in its credit history. The company's consolidated net debt to EBITDA ratio stood at 2.2x as of September 2026, indicating a healthy debt management profile. The company is focused on sustainable value creation, with significant ESG commitments including aiming for net-zero operations in its airport and data center businesses by 2029 and 2030, respectively.
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