Adani Enterprises Ltd. (AEL), the flagship company of the Adani Group, has reported its financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The company's consolidated net profit witnessed a significant decline of 49.5% year-on-year (YoY), falling to ₹734 crore from ₹1,454 crore in the corresponding quarter of the previous year.
The revenue from operations also experienced a decrease, dropping by 14% to ₹21,961 crore compared to ₹25,472 crore in the same period last year. The quarter's results were primarily impacted by a decrease in trade volume and volatility of index prices in IRM and Commercial Mining.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a reduction, decreasing by 12% YoY to ₹3,786 crore. However, some sources report a slightly different EBITDA figure of ₹3,310 crore, marking an 11% decrease from ₹3,705 crore in the previous year. Despite the profit drop, revenue from operations rose 5.75% YoY to ₹37,824 crore.
Despite the decline in profit and revenue, Adani Enterprises highlighted the validation of its incubation-led business model, with EBITDA from incubating businesses rising 5% year-on-year to Rs 2,800 crore. The company also noted that several large infrastructure assets are set to become operational during the current fiscal year, which is expected to unlock EBITDA and drive long-term value creation.
The company's shares reacted negatively to the earnings report, with a decline of nearly 4%. Shares declined 3.19% on the NSE to ₹2,452.10.
Other companies have also announced their Q1 results. Maruti Suzuki India posted a marginal 0.9% rise in consolidated net profit at ₹3,792 crore for Q1FY26. Hindustan Unilever (HUL) reported a 6% rise in Q1 FY26 net profit to ₹2,768 crore, with revenue up 5% to ₹16,323 crore. Ambuja Cements reported a 23.8% YoY increase in net profit, reaching ₹969.66 crore in Q1FY26. Sun Pharmaceutical Industries reported a 20% year-on-year decline in its consolidated net profit for Q1, coming in at ₹2,278 crore. Vedanta posted a consolidated net profit for the quarter ended June 2025 at ₹3,185 crore as against ₹3,606 crore in the corresponding quarter last year. Emami reported a 9% profit growth in Q1FY26; stock jumps 6%.
