According to Business Standard, Adani Enterprises reported a 55% decline in consolidated net profit to ₹1,492 crore for the second quarter of FY27, compared to ₹3,304 crore in the previous year. The company's revenue from operations surged 75% year-on-year to ₹38,023 crore in the July-September quarter, up from ₹21,248 crore in the corresponding quarter of FY26. As reported by CNBC TV18, the stark contrast is attributed to the absence of last year's exceptional gains of ₹3,583 crore, which were not repeated in the September 2026 quarter. The latest data from the company's stock exchange filing on Wednesday, October 28, confirms these figures with revenue growth of 75.1% and total consolidated income increasing 74.1% to ₹38,023.11 crore. According to NDTV Profit, the strong EBITDA growth in the first half of FY27 reflects maturity of investments made over the past several years, with multiple businesses reaching scale and translating capital deployment into tangible earnings growth.
According to Business Standard, operating performance was much stronger with EBITDA rising 62% to ₹6,316 crore and pre-tax profit, with no exceptional items in either period, jumping 146% to ₹2,002 crore. The company's EBITDA margin contracted 80 basis points to 15.2% from 16% in the corresponding quarter last year, though the EBITDA growth of 62% indicates robust operational efficiency. The divergence between profit decline and revenue increase suggests potential margin pressures or increased operational costs during the quarter, with the strong operating earnings growth demonstrating the company's ability to convert revenue into profitability despite challenging market conditions. As per NDTV Profit, the strong EBITDA growth in the first half of FY27 reflects maturity of investments made over the past several years, with multiple businesses reaching scale and translating capital deployment into tangible earnings growth.
According to Business Standard, the Mundra copper smelter was the main driver with segment pre-tax profit before interest reaching ₹1,038 crore, against a loss of ₹278 crore a year earlier, and sales volume rising to 80,600 tonnes from 11,800 tonnes. The airports segment EBITDA rose 55% to ₹1,641 crore on a 20% rise in income, though passenger traffic fell about 6% with the segment posting a pre-tax loss of ₹290 crore in Q2. The solar and wind manufacturing arm, Adani New Industries, saw EBITDA fall 7% to ₹1,094 crore despite a 35% rise in module sales to 1,478 megawatts, with the company commissioning a 4.3-gigawatt module line in September, lifting capacity to 10 gigawatts. The data center unit signed a 240-megawatt hyperscale order in Navi Mumbai, bringing contracted capacity above 1.2 gigawatts. According to NDTV Profit, the ANIL Solar module line capacity was expanded to 10 GW by commissioning 4.3 GW in September 2026, with construction for additional 6 GW cell line progressing as per schedule.
According to Business Standard, for the half-year, profit attributable to owners fell 92% to ₹332 crore, weighed by a ₹2,644 crore charge in the first quarter for a USD 275 million settlement with the US Office of Foreign Assets Control. However, EBITDA rose 56% to ₹11,958 crore for the half-year, which the company called its highest ever for a half-year. Excluding the settlement, half-year pre-tax profit rose 45% to ₹3,297 crore. Chairman Gautam Adani stated that the company is "better positioned than ever to capture the opportunities ahead" and remains "bullish on India's future," crediting investors' willingness to back the group "amid extreme volatility." The company emphasized that strong EBITDA growth reflects the maturity of investments made over recent years, with multiple businesses reaching scale and translating capital deployment into tangible earnings growth. As per NDTV Profit, the company received a long-term credit rating upgrade to AA/Stable from CARE, the highest rating in its credit history, backed by strong operating fundamentals, increasing asset maturity and the ramp-up of newly commissioned ANIL module line capacity.
According to CNBC TV18, shares of Adani Enterprises recovered from the day's lows after the results and were trading in the green, before paring back some of the gains. The stock was trading 0.6% lower at ₹2,475.50 as of 1.53 pm following the earnings announcement. During the quarter, Adani Enterprises completed a ₹15,000 crore qualified institutional placement (QIP), allotting 5.2 crore equity shares to eligible institutional investors at an issue price of ₹2,883 per share. The contrasting performance metrics between profit and revenue growth indicate the company's ability to expand its business operations while facing challenges in profit conversion during this period, with the fundraising demonstrating strong institutional confidence in the company's growth prospects. As per NDTV Profit, "We remain bullish on India's future and, therefore, confident in our own growth story," with the company's investments in integrated energy, airports and AI ecosystems serving as recent examples of execution capabilities.
