Adani Enterprises FY26 net profit rises 31% to ₹9,339 crore on infrastructure push
Synopsis
Adani Enterprises has quietly crossed a structural inflection point — 80% of its EBITDA now comes from stable, contracted infrastructure businesses. A 31% profit jump to ₹9,339 crore in FY26, a record-time Ganga Expressway delivery, and a Bloomberg NEF wind turbine ranking signal that AEL's decade-long incubation bet is beginning to pay off.
Key Takeaways
Adani Enterprises Ltd reported a 31% YoY rise in net profit to ₹9,339 crore in FY26 , up from ₹7,112 crore in FY25.
Total income grew 3% to ₹1,02,943 crore ; EBITDA held at ₹16,464 crore .
80% of EBITDA now comes from mature, long-term, contracted infrastructure businesses.
The Ganga Expressway — India's largest greenfield expressway — was inaugurated on 29 April 2026 , completed in under 3.5 years .
Domestic solar module sales surged 95% YoY to 1,459 MW in Q4 FY26.
AdaniConnex operational data centre capacity crossed 55 MW after a 4.8 MW Phase-II handover in Hyderabad .
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Thursday, 30 April 2025, reported a 31% year-on-year rise in net profit to ₹9,339 crore in FY26, up from ₹7,112 crore in FY25, as the conglomerate's shift to a core infrastructure-led model gained measurable traction.
Key Financial Highlights
Total income grew 3% to ₹1,02,943 crore in the last fiscal year, while EBITDA was maintained at ₹16,464 crore. Notably, 80% of AEL's EBITDA now originates from mature, long-term, and contracted businesses — a structural shift the company says significantly enhances earnings visibility and positions it for sustained cash generation.
AEL's incubation portfolio has moved past the initial capex-heavy and stabilisation phases, with the EBITDA mix increasingly tilting toward stable, contracted revenues. This transition, according to the company, reduces earnings volatility and improves forward cash flow predictability.
What Gautam Adani Said
Gautam Adani, Chairman of the Adani Group, said the results reflected disciplined execution. "Adani Enterprises has delivered yet another year of disciplined execution, stable EBITDA and continued momentum across our core infrastructure and incubation platforms," he said.
Adani further highlighted progress on large infrastructure assets, stating that FY26 was "a year of decisive progress in building and making ready some of the large infra-assets of the Navi Mumbai International Airport, Guwahati Airport, and the Ganga Expressway." He also noted that the majority of EBITDA is now driven by core infrastructure and stable mining services, reflecting the maturity and scale of the operating portfolio.
Infrastructure Milestones in FY26
One of the marquee achievements of the fiscal year was the inauguration of India's largest greenfield expressway — the Ganga Expressway — on 29 April 2026, completed in a record time of under 3.5 years. The project was led by the Adani Group.
On the airports front, the Navi Mumbai International Airport and Guwahati Airport recorded decisive progress during the year. AdaniConnex handed over a Phase-II capacity of 4.8 MW at its Hyderabad data centre to its customer, taking total operational capacity beyond 55 MW.
Renewable Energy and Solar Surge
Adani Wind, operating under Adani New Industries Ltd (ANIL), became the only Indian company to feature in the Bloomberg NEF Global Top 15 Wind Turbine Manufacturers list — a significant recognition in a globally competitive segment. Domestic solar module sales surged 95% year-on-year to 1,459 MW during Q4 FY26, reflecting strong demand amid India's accelerating renewable energy buildout.
What's Next for AEL
With the infrastructure incubation pipeline maturing and contracted revenue streams expanding, AEL is positioned to generate stronger free cash flows in FY27. Execution timelines on the Navi Mumbai airport and remaining expressway projects will be key metrics to watch in the quarters ahead.
Point of View
But the more telling number is 80% — the share of EBITDA now anchored in contracted infrastructure. For years, AEL carried the reputational weight of being a conglomerate holding company with opaque incubation bets. That narrative is harder to sustain when airports, expressways, data centres, and wind turbines are generating stable cash flows. The Ganga Expressway's sub-3.5-year completion is a genuine execution benchmark in Indian infrastructure; the open question is whether the Navi Mumbai airport — far more complex and politically sensitive — can match that tempo.
NationPress
1 May 2026
Frequently Asked Questions
What was Adani Enterprises' net profit in FY26?
Adani Enterprises Ltd reported a net profit of ₹9,339 crore in FY26, a 31% year-on-year increase from ₹7,112 crore in FY25. The growth was driven by the maturation of its core infrastructure businesses.
What is AEL's EBITDA for FY26 and what drives it?
AEL maintained EBITDA at ₹16,464 crore in FY26, with 80% now coming from mature, long-term, and contracted businesses including infrastructure and stable mining services. This shift significantly improves earnings visibility.
What is the Ganga Expressway and why is it significant?
The Ganga Expressway is India's largest greenfield expressway, inaugurated on 29 April 2026. It was completed in under 3.5 years — a record for a project of this scale — and was developed under the Adani Group.
How did Adani's renewable energy business perform in FY26?
Domestic solar module sales surged 95% year-on-year to 1,459 MW in Q4 FY26. Additionally, Adani Wind became the only Indian company listed in the Bloomberg NEF Global Top 15 Wind Turbine Manufacturers list.
What is AdaniConnex and how large is its data centre capacity?
AdaniConnex is Adani Group's data centre venture. It handed over a Phase-II capacity of 4.8 MW at its Hyderabad facility in FY26, taking total operational capacity beyond 55 MW.
