Adani Enterprises Q3 FY26 Results: Consolidated EBITDA at ₹4,297 Cr, Navi Mumbai Airport Operational
Adani Enterprises reported Q3 FY26 consolidated EBITDA of ₹4,297 crore (up 15% YoY) and nine-month EBITDA of ₹11,985 crore. Navi Mumbai Airport commenced operations, and two HAM road projects became operational. The company raised ₹24,930 crore via Rights Issue and ₹1,000 crore via NCDs.
The commencement of operations at Navi Mumbai International Airport, successful large-scale fundraising, and positive financial metrics like EBITDA growth are significant events that are likely to have a material impact on the company's outlook.
The announcement highlights strong operational performance, commencement of a major airport project, successful fundraising, and recognition in global rankings, indicating positive business developments.
Adani Enterprises Limited (AEL) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported consolidated EBITDA of ₹4,297 crore for Q3 FY26, a 15% year-on-year increase, and ₹11,985 crore for the nine-month period, a 3% decrease year-on-year. Total income for Q3 FY26 stood at ₹25,475 crore, up 8% YoY, while for the nine months it was ₹69,756 crore, down 4% YoY.
A key highlight was the commencement of operations at the greenfield Navi Mumbai International Airport on December 25, 2025. The company also operationalized two Hybrid Annuity Model (HAM) road projects, bringing its total operational road projects to nine. Adani Solar (ANIL) was recognized as the only Indian company in the Top 10 global solar manufacturers. The AEL water business received a Letter of Award (LoA) to develop the Mithi River project, and the ACX data center operationalized 14.4 MW capacity, bringing its total operational capacity to over 50 MW.
Financially, AEL successfully completed a Rights Issue raising ₹24,930 crore, which was oversubscribed by 30%. Additionally, it raised ₹1,000 crore through its third public issue of NCDs in January 2026. The company reported a Profit Before Tax (PBT) of ₹6,932 crore for Q3 FY26 and ₹12,796 crore for the nine-month period, excluding exceptional gains from the AWL stake sale and cement units to Ambuja Cements Ltd. The Airports EBITDA surpassed the full-year FY25 EBITDA by 7% in the nine months of FY26.
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Adani Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Adani Enterprises Limited. Read the original for the full detail.