Ahmedabad, February 03, 2026: Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, announced its results today for the quarter and nine months ended December 31, 2025. AEL has strengthened its track record of consistently delivering the operational and execution excellence during the quarter with commencement of operations at greenfield Navi-Mumbai airport in less than five years of acquisition. AEL has also successfully delivered outcomes within timelines by completing two HAM road projects and inauguration of integrated new terminal building at Guwahati airport.
“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,” said Mr Gautam Adani, Chairman of the Adani Group. “The commencement of operations at the Navi Mumbai International Airport represents a landmark achievement, reinforcing our commitment to building nationally critical assets at scale and speed. Our continued progress across airports, renewable manufacturing, data centres and transport infrastructure, alongside strong capital market support through our successful rights issue and NCD offerings, positions us well to accelerate the next phase of growth. As India advances towards becoming a $5 trillion economy, AEL remains steadfast in its mission to incubate globally competitive businesses that combine economic value creation with sustainability, technological leadership and long-term national impact.”
Consolidated Financial Highlights (Rs. in Crore)
| Particulars | Q3 FY25 | Q3 FY26 | % change Y-o-Y | 9M FY25 | 9M FY26 | % change Y-o-Y | |
| Total Income | 23,501 | 25,475 | 8% | 72,763 | 69,756 | (4%) | |
| EBITDA | 3,723 | 4,297 | 15% | 12,377 | 11,985 | (3%) | |
| Exceptional Gain | – | 5,632 | – | – | 9,215 | – | |
| Profit Before Tax | 576 | 6,932 | 11x | 5,220 | 12,796 | 145% | |
| Profit After Tax1 | 58 | 5,627 | 90x | 3,254 | 9,560 | 193% |
Note: 1. PAT attributable to owners
Incubating Businesses Financial Highlights
| Particulars | Q3 FY25 | Q3 FY26 | % change Y-o-Y | 9M FY25 | 9M FY26 | % change Y-o-Y | |
| ANIL Ecosystem | |||||||
| Total Income | 2,941 | 3,161 | 7% | 10,575 | 10,394 | (2%) | |
| EBITDA | 903 | 975 | 8% | 3,666 | 3,359 | (8%) | |
| PBT | 691 | 693 | – | 3,033 | 2,528 | (17%) | |
| Airports | |||||||
| Total Income | 2,939 | 3,770 | 28% | 7,393 | 9,652 | 31% | |
| EBITDA | 1,101 | 1,568 | 42% | 2,527 | 3,724 | 47% | |
| PBT | 237 | 675 | 185% | – | 979 | – | |
Operational Highlights
| Volume | Q3 FY25 | Q3 FY26 | % change Y-o-Y | 9M FY25 | 9M FY26 | % change Y-o-Y | |
| ANIL Ecosystem | |||||||
| Module Sales (MW) | 893 | 997 | 12% | 3273 | 3440 | 5% | |
| WTG (Sets) | 48 | 66 | 38% | 104 | 129 | 24% | |
| Airports | |||||||
| Pax movement (Mn) | 24.6 | 24.7 | – | 69.7 | 70.6 | 1% | |
| ATMs (‘000) | 160.5 | 159.0 | (1%) | 466.0 | 460.7 | (1%) | |
| Cargo (Lacs MT) | 2.7 | 3.1 | 12% | 8.2 | 8.7 | 6% | |
| Roads | |||||||
| Construction (L-KM) | 805.1 | 391.7 | (51%) | 1715.5 | 1341.0 | (22%) | |
| Mining Services | |||||||
| Dispatch (MMT) | 11.8 | 10.7 | (9%) | 29.3 | 33.3 | 14% | |
| IRM | |||||||
| Volume (MMT) | 12.1 | 11.2 | (7%) | 41.2 | 35.3 | (14%) | |
Business Updates
| Adani New Industries (ANIL – Green Hydrogen Ecosystem) |
· Wind division started 3.3MW WTG model supply, 12 sets supplied during the quarter |
| AdaniConnex Pvt Ltd (ACX – Data Center) |
| · Pune data center phase I with 9.6 MW capacity operational · Hyderabad data center phase II 4.8 MW capacity operational |
| Adani Airports Holdings Ltd (AAHL – Airports) |
| · Greenfield Navi Mumbai International Airport commenced operations from 25th December 2025 with phase I capacity of 20 mn pax per annum · New Integrated terminal building inaugurated at Guwahati airport · During the quarter 7 new routes, 9 new flights and 1 new airline added |
| Adani Road Transport Ltd (ARTL – Roads) |
o Vijayawada Bypass project in the state of Andhra Pradesh o Badakumari Karki project in the state of Odisha |
| ESG Highlights |
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About Adani Enterprises Ltd
Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built sizeable and scalable businesses like Adani Ports & SEZ, Adani Energy Solutions, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company has contributed to make India self-reliant with our robust businesses. This has also led to significant returns to our shareholders for three decades.