Adani Enterprises earnings fell in the quarter ended September 30, 2026, as profit attributable to owners declined to ₹1,492 crore from ₹3,304 crore a year earlier. Revenue from operations rose 75% to ₹37,216 crore, driven primarily by expansion in the copper business.

Key Takeaways

  • The company reported a 55% year-on-year decline in profit attributable to owners for its fiscal second quarter.
  • Copper revenue rose 11-fold to ₹14,772 crore, while revenue from roads and mining services declined.
  • AdaniConnex secured a 240 MW data-center order in Navi Mumbai, and solar module capacity reached 10 GW.

Adani Enterprises earnings and the year-earlier comparison

Revenue from operations increased from ₹21,248 crore in the second quarter of fiscal 2026. In its quarterly results announcement, Adani Enterprises reported total income of ₹38,023 crore for the latest quarter, a separate measure that rose 74%.

The company reported earnings before interest, taxes, depreciation and amortization of ₹6,316 crore, up 62% year on year. Its results also showed an exceptional item of ₹3,583 crore in the year-earlier quarter and none in the latest quarter.

Copper growth offsets weaker roads revenue

Copper sales helped lift revenue, with the business recording ₹14,772 crore in the quarter. For the first half of fiscal 2027, copper sales volumes rose 5.2 times year on year to 145.3 kilotonnes.

Quarterly revenue also rose in commercial mining, the new energy ecosystem and airports. Roads revenue fell 74% to ₹430 crore, while mining services revenue declined 7% to ₹985 crore.

Solar and data-center expansion

Adani New Industries completed an expansion of solar module manufacturing capacity to 10 GW after commissioning a 4.3 GW line in September. Construction of an additional 6 GW solar cell line is progressing on schedule, the company said.

The new Navi Mumbai order took AdaniConnex’s cumulative tied-up capacity to more than 1.2 GW. Its operational data-center capacity increased to 94.6 MW during the quarter, with facilities handed over to customers in Noida and Pune.

Adani Enterprises shares closed 0.32% lower at ₹2,482 on the BSE on October 28.

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