Adani Enterprises Reports Rs 221 Crore Loss in Q4 Despite 20% Year-on-Year Revenue Growth.

Adani Enterprises has reported a significant net loss of Rs 221 crore in the fourth quarter, a stark contrast to the net profit of Rs 3,845 crore reported in the same period last year. Despite this setback, the company experienced a 20% year-on-year increase in revenue from operations, amounting to Rs 32,439 crore. The board has approved a modest dividend of Rs 1.3 per share for the fiscal year 2025-26. The decline in profit after tax (PAT) can be attributed to increased depreciation costs associated with recently commissioned assets, notably the Navi Mumbai and copper facilities.

Operationally, Adani’s performance showed resilience, with EBITDA growing by 3% to Rs 4,479 crore, illustrating stability within its core infrastructure segments despite ongoing market volatility. The company emphasized that approximately 80% of total EBITDA is now derived from its infrastructure and utility portfolio, which enhances cash flow visibility and stability. Over the full fiscal year 2026, total income rose by 3% to Rs 1.02 lakh crore, and profit after tax surged by 31% to Rs 9,339 crore, aided by exceptional gains during the year.

Chairman Gautam Adani highlighted the transition to a more stable, infrastructure-led business model, where mature and long-term contracted operations dominate EBITDA generation. Although the results were mixed across business segments, the airports division exhibited robust growth driven by increased passenger traffic and non-aerospace revenue. The Adani New Industries ecosystem, which focuses on renewable energy and green hydrogen, also delivered consistent performance. However, the roads and construction sector faced challenges with a notable slowdown in activity, albeit with continued expansion in infrastructure projects across various verticals, including the Ganga Expressway and data center capacity expansions.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova team.)