Adani Enterprises Q3 FY26: Revenue Up 8%, EBITDA Jumps 15% Amidst New Airport Operations
Adani Enterprises Ltd (AEL) reported Q3 FY26 consolidated revenue of ₹25,475 crore, up 8% YoY, and EBITDA of ₹4,297 crore, up 15% YoY. For 9M FY26, revenue was ₹69,756 crore (down 4%) and EBITDA was ₹11,985 crore (down 3%). The company commenced operations at Navi Mumbai Airport and operationalized two HAM road projects. An exceptional gain of ₹9,215 crore boosted PBT and PAT.
The results include significant operational achievements such as the commencement of a major airport, expansion in road projects, and recognition in global solar manufacturing. These developments have a substantial impact on the company's future growth prospects and market position.
The company reported positive year-on-year growth in revenue and EBITDA for the quarter, along with significant operational milestones like the commencement of Navi Mumbai Airport. The substantial increase in PBT and PAT, although influenced by an exceptional gain, indicates strong financial performance.
Adani Enterprises Limited (AEL) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a consolidated total income of ₹25,475 crore for Q3 FY26, an increase of 8% year-on-year. Consolidated EBITDA for the quarter rose by 15% to ₹4,297 crore.
For the nine-month period ended December 31, 2025, total income stood at ₹69,756 crore, a decrease of 4% year-on-year, while EBITDA was ₹11,985 crore, down 3% year-on-year. Profit Before Tax (PBT) saw a significant increase of 145% to ₹12,796 crore for the nine months, and Profit After Tax (PAT) grew by 193% to ₹9,560 crore, largely influenced by an exceptional gain of ₹9,215 crore from the AWL stake sale and cement units to Ambuja Cements Ltd.
Key operational highlights include the commencement of operations at the greenfield Navi Mumbai International Airport on December 25, 2025. AEL also operationalized two Hybrid Annuity Model (HAM) road projects, bringing its total operational projects to nine. Adani Solar (ANIL) was recognized as the only Indian company among 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 an additional 14.4 MW capacity.
Mr. Gautam Adani, Chairman of the Adani Group, stated, "With resilient execution and a clear strategic focus, Adani Enterprises has delivered a robust operating performance in the first nine months of FY26, reflecting the strength of our incubator model and the depth of our diversified infrastructure portfolio." He further highlighted the commencement of operations at Navi Mumbai International Airport as a landmark achievement and expressed confidence in AEL's position to accelerate growth.
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