Consolidated Financial Highlights (Q1 FY27 vs Q1 FY26)

Total Income: Increased by 50% Year-on-Year (YoY) to ₹33,546 crore (from ₹22,437 crore).

EBITDA: Increased by 49% YoY to ₹5,642 crore (from ₹3,786 crore), marking the company's highest-ever quarterly EBITDA.

Profit Before Tax (PBT): Stood at ₹1,295 crore, a decrease of 12% YoY (from ₹1,466 crore). This figure excludes an exceptional item.

Exceptional Item: An OFAC (Office of Foreign Assets Control, USA) settlement charge of ₹2,644 crore (USD 275 million) was recorded in Q1 FY27.

Profit After Tax (PAT): Attributable to owners was a loss of ₹(1,160) crore, compared to a profit of ₹885 crore in Q1 FY26. The loss is primarily due to the exceptional OFAC settlement charge. Previous period figures were restated due to a merger in the New Energy ecosystem.

Note on PBT: The company noted that the capitalization of Navi Mumbai Airport in Q4 FY26 is reflected in higher depreciation in Q1 FY27, impacting PBT.

Incubating Businesses Financial Highlights

New Energy Ecosystem:

  • Total Income: ₹3,937 crore (down 2% YoY from ₹4,035 crore)
  • EBITDA: ₹972 crore (down 20% YoY from ₹1,212 crore)
  • PBT: ₹960 crore (up from ₹628 crore in the previous period referenced in the presentation)

Airports:

  • Total Income: ₹3,763 crore (up 39% YoY from ₹2,715 crore)
  • EBITDA: ₹1,633 crore (up 49% YoY from ₹1,094 crore)
  • PBT: Loss of ₹(194) crore (down from a profit of ₹204 crore in Q1 FY26), impacted by higher depreciation from Navi Mumbai Airport capitalization.

Operational Highlights (Volume Metrics)

ANIL Ecosystem:

  • Module Sales: 1,340 MW (down 1% YoY from 1,350 MW)
  • WTG Sales: 64 sets (up 83% YoY from 35 sets)

Airports:

  • Passenger Movement: 24.2 Million (up 3% YoY from 23.4 Million)
  • Air Traffic Movements (ATMs): 160.4 Thousand (up 4% YoY from 153.6 Thousand)
  • Cargo: 3.0 Lacs MT (up 7% YoY from 2.8 Lacs MT)

Copper:

  • Sales: 64.7 KT (up 4.6x YoY from 11.5 KT)

Mining Services:

  • Dispatch: 11.8 MMT (down 2% YoY from 12.1 MMT)

IRM (Integrated Resource Management):

  • Sales Volume: 8.3 MMT (down 35% YoY from 12.8 MMT)
  • Handling Volume: 6.9 MMT (up 34% YoY from 5.2 MMT)

Business Updates

Adani New Industries Ltd (ANIL - Green Hydrogen Ecosystem):

  • Expanded solar module manufacturing line capacity to 5.7 GW by commissioning a new 1.7 GW line in June 2026.
  • Adani Solar modules' domestic demand fully absorbed export offtake.
  • Wind Turbine Generator (WTG) business received a Gold Medal for manufacturing competitiveness.

AdaniConnex Pvt Ltd (ACX - Data Center):

  • Received a new hyperscale order of 400 MW in Vizag, increasing cumulative tied-up capacity to 960+ MW.
  • Handed over 9.6 MW capacity of Pune Phase II to the customer, taking total operational capacity to 65.4 MW.
  • Committed to building a sustainable 2 GW data center platform by 2030.

Adani Airport Holdings Ltd (AAHL):

  • Navi Mumbai International Airport (NMIA) commenced international flight operations on 15th July 2026.
  • Aero revenue grew 16% YoY and non-aero revenue grew 53% YoY in Q1 FY27.
  • Detailed non-aero revenue breakdown for Q1 FY27: Duty Free ₹572 cr (+25%), F&B and Lounge ₹359 cr (+55%), Lease & Retails ₹494 cr (+88%), Ground Handling ₹205 cr (+247%), Car Park ₹83 cr (+11%), Passenger Services & Others ₹423 cr (+35%).

Adani Road Transport Ltd (ARTL):

  • Toll collection on the Ganga Expressway commenced from 15th May 2026.
  • Added a new operational BOT project: Indore Gujarat Road Limited (IGRL) on NH-59, spanning 620.6 lane kms.

Natural Resources – Mining Services:

  • Operationalized the Dhirauli Mine service contract in Madhya Pradesh, increasing total operating service contract peak capacity to 93.1 MMTPA.

Capital Market Activity:

  • Successfully raised ₹15,000 crore through a Qualified Institutional Placement (QIP) in July 2026.
  • The issue was oversubscribed 3.8x its base size.
  • Participation came from a diverse pool of domestic (including mutual funds) and global long-only investors.
  • Post-QIP, the promoter's shareholding stands at 71.97% (as of 30th June 2026).

Debt Profile (as of 30th June 2026)

The company provided a consolidated gross debt breakdown by segment:

  • Gross Debt: ₹97,622 crore (up from ₹86,702 crore in Mar '26)
  • Segment-wise Gross Debt: ANIL Ecosystem ₹4,528 cr, Airports ₹32,843 cr, Roads ₹18,024 cr, Copper ₹10,542 cr, IRM ₹793 cr, Mining Services ₹1,418 cr, Australia Project ₹10,290 cr, Defence ₹1,672 cr, PVC ₹8,692 cr, Corporate & Others ₹8,820 cr.
  • Less: Shareholder's Loan ₹13,640 cr.
  • External Debt: ₹83,982 cr.
  • Less: Cash & Bank Balances ₹9,984 cr.
  • Net External Debt: ₹73,998 cr (up from ₹64,051 cr in Mar '26).

The Net Debt to Equity ratio stood at 0.85x for Q1 FY27.

ESG Highlights

  • CDP Climate Change 2025: Achieved 'A' score (Leadership Category).
  • CDP Water Stewardship 2025: Achieved 'A' score.
  • Sustainalytics (2026): ESG Risk Rating of 35.7.
  • Care Edge (2026): ESG Score of 83.1 (Leadership Category).
  • CRISIL (2026): ESG Score of 60 (Adequate).
  • TPI (2026): Level 3 (Integrating climate change into operational decision making).
  • Operational ESG Metrics: Data Centers use 72% renewable energy; Airports use 42% renewable energy and achieved a 46% reduction in waste generation intensity; Mining Services use 49% renewable energy with 100% Zero Liquid Discharge (ZLD) implementation; AEL overall has diverted 97% of waste from landfill and planted 1,18,627 trees.