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Earnings Call

Adani Enterprises Earnings Call: Key Takeaways

Adani Enterprises (AEL) reported Q4 FY26 results with transition toward an infra-utility profile, contributing 80% to EBITDA. Management focuses on value unlock through upcoming demergers in Airports, Roads, and ANIL segments.

Highlights
Revenue growthFY26 Revenue INR 1,02,943 crores.
MarginsShort-term margin compression in solar due to domestic focus; long-term productivity gains.
Order book18 MDO service agreements with 145 MMTPA peak capacity.
Demand visibilityStrong non-aero momentum and peak traffic capacity at airports.
Management confidenceHigh; citing repeatable playbook of build, stabilize, scale, and unlock.

Growth

FY26 Consolidated Revenue reached INR 1,02,943 crores; EBITDA stood at INR 16,464 crores. MDO dispatch volumes grew 14%.

Outlook

FY27 capex planned at INR 40,000 crores. Navi Mumbai Airport, Copper, and Ganga Expressway to add INR 3,000cr EBITDA.

Risks

Commercial Mining EBIT impacted by Australian weather events and a non-cash MTM loss of INR 600 crores.

Source

Earnings Call filed with BSE, NSE: ADANIENT. Summary written with AI assistance from the document.

Read the document ↗

Adani Enterprises Ltd: key numbers

Share price
₹2,916.50
Market cap
₹3,94,722 Cr
Revenue (annual)
₹1,00,469 Cr
Net profit (annual)
₹9,339 Cr
P/E (TTM)
53.0×Sector 41.4×
Promoter holding
71.97%-2.70% QoQ
FII holding
10.51%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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