Adani Enterprises Limited has informed the Exchange about Investor Presentation
ADANIENT · price
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Adani Enterprises reported H1 FY26 consolidated revenue of Rs. 44,281 crore, down 10% year-on-year, with EBITDA at Rs. 7,688 crore (down 11% YoY) due to lower volumes and price volatility in the IRM and commercial mining segments. Profit after tax rose 23% YoY to Rs. 3,933 crore, helped by a one-time exceptional gain of Rs. 3,583 crore. The Airports business was a bright spot, with EBITDA jumping 51% YoY to Rs. 2,157 crore, while the ANIL green hydrogen ecosystem saw EBITDA drop 14% YoY. Key milestones include the inauguration of the Navi Mumbai International Airport, completion of the 7th road project, and a new partnership with Google to build India's largest AI data center in Visakhapatnam. The Board approved a Rs. 25,000 crore Rights Issue to strengthen the balance sheet for the next phase of growth. Net Debt/EBITDA improved to 1.8x in H1 FY26 from 2.6x in FY25.
The Rights Issue of Rs. 25,000 crore may lead to equity dilution for existing shareholders in the short term, but it provides capital for the next growth phase across airports, copper, PVC, and data centers. Strong Airports growth and new order wins of nearly Rs. 20,000 crore are positive for the long-term earnings story, though the decline in core EBITDA and IRM headwinds remain a concern.