Ahmedabad, July 31, 2025 — Adani Enterprises Ltd., the flagship entity of the Adani Group, reported a sharp 50% year-on-year decline in consolidated net profit for the first quarter of FY26, posting ₹734 crore compared to ₹1,455 crore in the same period last year. The downturn was primarily attributed to a significant drop in coal-fired power demand and continued weakness in its clean energy segment.
Revenue from operations fell 14% to ₹21,961 crore, impacted by a 27% decline in the company’s core coal trading business, which contributes 36% of overall revenue. India’s milder summer, an early monsoon, and subdued economic activity led to lower energy consumption, resulting in reduced coal volumes and price volatility.
The clean energy division, which includes solar and wind operations under Adani New Industries Ltd (ANIL), saw an 11% drop in revenue and a 34% fall in pre-tax profit to ₹982 crore. The coal trading unit logged a 45% decline in pre-tax profit to ₹485 crore.
Despite the overall weakness, Adani’s airport business delivered robust performance, with EBITDA rising 61% year-on-year to ₹1,094 crore, driven by increased passenger traffic and non-aero revenues. The company also highlighted progress in its infrastructure pipeline, including the Navi Mumbai International Airport, the Ganga Expressway, and India’s first off-grid 5 MW green hydrogen pilot plant.
Shares of Adani Enterprises fell nearly 4% post-results, trading at ₹2,436.60 on the NSE.
Chairman Gautam Adani reaffirmed the group’s commitment to building scalable, future-ready infrastructure platforms, stating, “The substantial rise in EBITDA contribution from our incubating businesses reflects the strength and adaptability of our operating model”.
