Q2 revenue rises 74% to ₹38,023 crore; solar module capacity reaches 10 GW and data centre business secures 240 MW hyperscale order
Ahmedabad, October 28, 2026: Adani Enterprises Ltd. (AEL), the flagship company of the Adani Group, has reported its financial results for the second quarter and half year ended September 30, 2026, posting record half-yearly EBITDA of ₹11,958 crore, a year-on-year increase of 56%.
The company’s consolidated revenue for the first half of FY27 rose 62% to ₹71,569 crore, while profit before tax (PBT) from continuing operations increased 45% to ₹3,297 crore, excluding a one-time settlement expense of ₹2,644 crore related to the US Office of Foreign Assets Control (OFAC) during the first quarter.
For Q2 FY27, consolidated revenue increased 74% year-on-year to ₹38,023 crore. EBITDA grew 62% to ₹6,316 crore, while profit before tax rose 146% to ₹2,002 crore.
The company attributed the strong EBITDA performance to the increasing maturity of investments made over the past several years, with multiple businesses expanding their scale and contributing to earnings growth.
Gautam Adani, Chairman of the Adani Group, said the company was focused on executing large and complex projects across its businesses, including integrated energy, airports and artificial intelligence ecosystems. He also highlighted the continued participation of domestic and international investors amid market volatility.
Solar Manufacturing Capacity Expanded to 10 GW
Adani New Industries Ltd. (ANIL) completed the expansion of its solar module manufacturing capacity to 10 GW following the commissioning of a 4.3 GW TOPCon module line in September 2026.
During H1 FY27, solar module sales increased 15% year-on-year to 2,818 MW. The company also reported progress on the construction of an additional 6 GW solar cell manufacturing line.
The ANIL ecosystem recorded first-half revenue of ₹7,606 crore, up 5% year-on-year, while EBITDA stood at ₹2,066 crore.
Data Centre Business Secures 240 MW Order
AdaniConnex Pvt. Ltd., the group’s data centre business, secured a new hyperscale order for 240 MW at its Navi Mumbai data centre, taking its cumulative tied-up capacity to more than 1.2 GW.
The company’s operational data centre capacity reached 94.6 MW during the quarter. It also handed over 10 MW of capacity in Noida and 19.2 MW in Pune to customers.
Airports Business Records EBITDA Growth of 52%
The airports business reported first-half revenue of ₹7,549 crore, an increase of 28% year-on-year, while EBITDA rose 52% to ₹3,275 crore.
Passenger movement during H1 FY27 stood at 45.4 million, compared with 46 million in the corresponding period of the previous financial year. Cargo volumes increased 9% to 6.2 lakh metric tonnes.
The company noted that the capitalization of Navi Mumbai Airport contributed to higher depreciation during the first half of FY27.
Copper Business Scales Up Operations
AEL’s copper business continued to ramp up operations, recording a 5.2-fold increase in sales volume to 145.3 thousand tonnes during H1 FY27, compared with 23.3 thousand tonnes a year earlier.
The expansion in copper operations contributed to the company’s overall EBITDA growth during the period.
Separately, Adani Enterprises received a long-term credit rating upgrade to AA/Stable from CARE Ratings, marking the highest rating in the company’s credit history, according to the company.
The results reflect growth across several of AEL’s developing and established businesses, particularly copper, airports and renewable energy manufacturing, alongside continued expansion in data centre infrastructure.
