Adani Enterprises Ltd (AEL) officially announced here on Friday that it posted a consolidated net loss of Rs 220.71 crore in the March quarter of the 2025-26 financial year (FY26 Q4), as compared to a profit of Rs 3,844.91 crore in the year-ago period.
According to a regulatory filing made to the stock exchange, the company’s bottom line was affected by depreciation on recently commissioned assets of the Navi Mumbai International Airport and a copper plant.
However, its revenue from operations advanced 20.3% year-on-year (YoY) to Rs 32,439.31 crore during the quarter under review, as against Rs 26,965.86 crore in the March quarter of the 2024-25 fiscal year (FY25 Q4), according to the regulatory filing.
At an operational level, the company’s earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 4,346 crore in FY26 Q4, marking a 3% YoY jump from Rs 4,479 crore in the same period last year.
However, its EBITDA fell 2% YoY to Rs 16,464 crore in FY26, from Rs 16,722 crore in the last fiscal year.
“With the close of fiscal 2026, AEL has transitioned to a core infrastructure-led model, with 80% of its EBITDA coming from mature, long-term and contracted businesses, which significantly enhances earnings visibility,” according to the company filing.
Commenting on the results, Gautam Adani, Chairman of the Adani Group said, “Adani Enterprises has delivered yet another year of disciplined execution, stable EBITDA, and continued momentum across our core infrastructure and incubation platforms”.
He stated that the majority of its EBITDA is led by its core incubating infrastructure businesses and stable mining services, which is encouraging. It reflects the “maturity and scale” of the firm’s operating portfolio, he said.
“FY26 has also been a year of decisive progress in building and making ready some of the large infrastructure assets of the Navi Mumbai International Airport, Guwahati Airport and the Ganga Expressway. As India’s growth accelerates, we continue to focus on building and scaling globally competitive infrastructure businesses with our robust project pipeline,” Adani said.