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Adani Enterprises slips into Q1 loss despite 50 per cent revenue surge
Exceptional charge weighs on earnings even as revenue climbs to Rs 32,924 crore
MUMBAI: The top line gathered pace, but the bottom line hit a speed bump. Adani Enterprises Ltd (AEL) reported a consolidated net loss of Rs 1,461.54 crore for the April-June quarter, as a sizeable exceptional charge overshadowed strong revenue growth across its diversified businesses.
The flagship Adani Group company posted revenue from operations of Rs 32,923.98 crore in the first quarter of FY27, up 49.9 per cent from Rs 21,961.20 crore in the corresponding period last year. Including other income, total income rose to Rs 33,546.26 crore, compared with Rs 22,436.62 crore a year earlier.
Despite the sharp rise in revenue, the company swung to a loss after booking an exceptional charge of Rs 2,644.02 crore. As a result, it reported a pre-tax loss of Rs 1,349.38 crore, against a profit before tax of Rs 1,466.28 crore in the year-ago quarter.
The consolidated net loss stood at Rs 1,461.54 crore, compared with a net profit of Rs 976.48 crore in the first quarter of FY26. Loss attributable to the owners of the company came in at Rs 1,160.23 crore, against a profit of Rs 885.23 crore a year earlier. Basic earnings per share slipped to negative Rs 8.91 from Rs 7.12.
Operationally, however, several businesses continued to deliver robust growth.
The newly established Copper business emerged as the largest revenue contributor during the quarter, generating Rs 10,710.48 crore, a dramatic jump from Rs 536.57 crore a year ago, highlighting the rapid scale-up of the company’s smelting operations.
The Integrated Resources Management business reported revenue of Rs 7,325.98 crore, while the New Energy Ecosystem contributed Rs 3,903.32 crore. The Airport business generated Rs 3,670.94 crore, reflecting continued expansion in passenger traffic and commercial operations.
Among operating segments, Integrated Resources Management remained the biggest profit generator with EBIT of Rs 827.45 crore, followed by the New Energy Ecosystem at Rs 743.29 crore, Airport at Rs 519.45 crore and Copper at Rs 498.91 crore, which swung into profitability from a loss of Rs 287.03 crore in the corresponding quarter last year.
Finance costs rose sharply to Rs 2,420.93 crore, up from Rs 1,035.48 crore a year ago, reflecting the group’s ongoing investments across infrastructure and emerging businesses.
The company’s balance sheet continued to expand, with total assets increasing to Rs 2,67,022.79 crore from Rs 2,10,470.89 crore a year earlier, while total liabilities rose to Rs 1,79,562.97 crore.
Subsequent to the quarter, Adani Enterprises also completed a Qualified Institutional Placement (QIP), raising Rs 15,000 crore through the allotment of 5.20 crore equity shares at Rs 2,883 per share, strengthening its capital base to support future expansion.
The quarter underlines the contrasting picture at Adani Enterprises. While its portfolio of airports, copper, mining and new energy businesses continued to expand at pace, one-off exceptional items pushed the company into the red, masking what was otherwise a strong operational performance and underscoring the complexity of managing one of India’s most diversified infrastructure conglomerates.
