Adani Enterprises quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	37,216	21,249	+75.1%
EBITDA	5,509	3,307	+66.6%
EBITDA margin	14.8%	15.6%	−0.8 pts
Profit before tax	2,002	4,398	−54.5%
Net profit	1,221	3,414	−64.2%
EPS	₹11.05	₹27.38	−59.6%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	37,216	32,924	32,439	24,820	21,249	21,961	26,966	22,848	22,608	25,472	29,180	28,336	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	807	622	748	656	596	475	636	652	588	594	450	490
	38,023	33,546	33,187	25,475	21,844	22,437	27,602	23,501	23,196	26,067	29,630	28,827
	16,858	14,255	11,828	7,596	4,962	3,393	3,590	2,568	1,792	1,760	2,824	1,438
	8,686	7,343	7,341	7,462	6,953	7,399	10,978	9,068	9,669	10,100	13,354	14,855
	−1,467	−1,860	886	−1,812	−1,778	−120	326	474	−548	1,593	−311	−775
	1,098	1,094	903	894	898	963	757	741	742	878	622	549
	2,296	2,421	1,646	1,626	1,711	1,035	1,796	2,141	910	1,130	1,513	597
	2,018	1,926	2,103	1,372	1,377	1,284	1,236	1,006	1,035	934	811	760
	6,532	7,074	7,750	7,037	6,909	7,017	7,605	6,926	7,187	7,436	9,496	9,043
	36,021	32,252	32,458	24,176	21,030	20,970	26,289	22,925	20,787	23,831	28,309	26,466
	5,509	5,019	3,731	3,642	3,307	3,310	3,710	3,070	3,766	3,706	3,195	3,227
	3,491	3,093	1,628	2,270	1,930	2,026	2,474	2,065	2,731	2,772	2,384	2,467
Profit
	2,002	1,295	729	1,300	814	1,466	1,313	576	2,409	2,236	1,322	2,361
	0.0	−2,644	0.0	5,632	3,583	0.0	1,313	0.0	0.0	0.0	−627	0.0
	2,002	−1,349	729	6,932	4,398	1,466	2,626	576	2,409	2,236	694	2,361
	607	467	704	1,462	1,060	659	1,360	479	472	466	471	440
	341	−248	150	−56.9	−58.6	−87.6	−75.5	109	40.6	118	−40.8	2.8
	947	219	854	1,405	1,001	571	1,284	588	512	584	430	443
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	86.7	0.0
	166	107	−41.9	200	17.9	81.5	40.3	245	98.2	124	0.0	55.1
	1,221	−1,462	−167	5,727	3,414	976	1,382	229	1,989	1,772	352	1,973
	1,055	−1,568	−125	5,527	3,397	895	1,342	−12.9	1,897	1,652	351	1,918
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−3.7	−5.5	−3.8	1.5	0.0
	568	−119	542	−55.8	599	−259	−111	957	−53.0	−160	271	−157
	1,789	−1,580	375	5,671	4,014	717	1,271	1,186	1,936	1,613	623	1,816
	1,492	−1,160	−221	5,627	3,199	734	3,845	57.8	1,742	1,455	451	1,888
	−271	−301	53.9	99.6	216	242	170	171	247	318	−98.3	84.3
Per share
	₹11.05	−₹8.91	−₹1.71	₹46.78	₹27.38	₹6.02	₹32.98	₹0.04	₹14.82	₹12.30	₹3.49	₹16.57
	₹11.05	−₹8.91	−₹1.71	₹46.12	₹27.38	₹6.02	₹32.98	₹0.04	₹14.82	₹12.30	₹3.49	₹16.57
Continuing & discontinued operations
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−4.9	−7.4	−5.0	1.9	0.0
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−1.2	−1.9	−1.3	0.5	0.0
Other comprehensive income — detail
	568	−119	542	−55.8	599	−259	−111	—	—	—	—	—
	−8.2	1.1	9.7	−11.3	11.0	−1.1	−2.8	0.4	−3.2	−0.6	−1.1	−0.5
	−2.1	0.3	2.4	−2.9	2.8	−0.3	−0.8	—	—	—	—	—
	—	—	—	—	—	—	—	0.2	−0.8	−0.2	−0.4	−4.5
	627	−141	565	−52.4	592	−273	−106	966	−33.2	−153	272	−156
	52.9	−21.0	30.3	−5.1	1.0	−15.1	2.7	—	—	—	—	—
	—	—	—	—	—	—	—	8.9	17.5	5.9	−0.1	4.1
	2,048	−1,261	320	5,569	3,795	488	—	1,006	1,678	1,290	721	1,728
	−259	−319	55.5	102	219	229	—	180	258	323	−98.3	88.3
Per share — as-filed variants
	₹11.05	−₹8.91	−₹1.71	₹46.78	₹27.38	₹6.02	₹32.98	₹0.07	₹14.87	₹12.33	₹3.48	₹16.57
	₹11.05	−₹8.91	−₹1.71	₹46.12	₹27.38	₹6.02	₹32.98	₹0.07	₹14.87	₹12.33	₹3.48	₹16.57
	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	−₹0.03	−₹0.05	−₹0.03	₹0.01	₹0.00
	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	−₹0.03	−₹0.05	−₹0.03	₹0.01	₹0.00
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	13,139	13,187	12,384	11,573	11,113	11,290	12,072	10,738	11,696	12,020	13,314	12,819
	35.3%	40.1%	38.2%	46.6%	52.3%	51.4%	44.8%	47.0%	51.7%	47.2%	45.6%	45.2%
Adjusted (ex-exceptional items) — derived
	2,002	1,295	729	1,300	814	1,466	1,313	576	2,409	2,236	1,322	2,361
	0.0	−2,644	0.0	5,632	3,583	0.0	1,313	0.0	0.0	0.0	−627	0.0
	1,221	1,182	−167	1,236	647	976	711	229	1,989	1,772	603	1,973
	₹11.05	₹7.21	−₹1.71	₹10.10	₹5.19	₹6.02	₹16.97	₹0.04	₹14.82	₹12.30	₹5.98	₹16.57

Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

ADANIENT₹2,607.90

Adani Enterprises Ltd.

· Metal & Mining

Annual Quarterly₹ CrorePeersTATASTEEL HINDALCO JSWSTEEL HINDZINC JINDALSTEL VEDL NMDC NATIONALUMMcap ₹3.37L Cr

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	28,336.4	29,180.0	25,472.4	22,608.1	22,848.4	26,965.9	21,961.2	21,248.5	24,819.6	32,439.3	32,924.0	37,215.6
Other Income	490.2	450.3	594.3	588.1	652.1	635.8	475.4	595.6	655.9	747.8	622.3	807.5
Total Income	28,826.5	29,630.3	26,066.7	23,196.2	23,500.5	27,601.6	22,436.6	21,844.1	25,475.4	33,187.1	33,546.3	38,023.1
Expenses
+ Cost of Materials Consumed	1,437.6	2,823.7	1,760.0	1,792.3	2,568.3	3,590.0	3,393.1	4,961.6	7,596.2	11,827.7	14,255.1	16,858.1
+ Purchases of Stock-in-Trade	14,855.1	13,353.9	10,099.6	9,668.6	9,067.6	10,978.3	7,398.6	6,952.6	7,462.4	7,341.3	7,342.6	8,685.6
+ Changes in Inventories	-774.9	-311.5	1,592.8	-548.4	474.3	325.7	-120.3	-1,778.4	-1,812.1	886.3	-1,860.2	-1,466.7
+ Employee Benefit Expense	548.5	622.1	878.4	742.3	741.5	756.8	962.8	897.6	894.2	903.4	1,093.6	1,098.0
+ Finance Costs	596.8	1,512.6	1,130.5	909.8	2,141.3	1,796.4	1,035.5	1,711.2	1,625.9	1,646.5	2,420.9	2,296.4
+ Depreciation & Amortisation	759.9	811.5	934.1	1,035.2	1,005.7	1,236.4	1,284.0	1,376.6	1,371.6	2,103.3	1,926.0	2,017.6
+ Other Expenses	9,042.8	9,496.3	7,435.8	7,187.4	6,926.3	7,605.1	7,016.8	6,908.6	7,037.4	7,749.9	7,073.7	6,532.1
Total Expenses	26,465.7	28,308.7	23,831.2	20,787.3	22,925.0	26,288.6	20,970.3	21,029.7	24,175.6	32,458.3	32,251.6	36,021.1
EBITDA	3,227.3	3,195.4	3,705.8	3,765.8	3,070.4	3,710.0	3,310.3	3,306.6	3,641.5	3,730.8	5,019.3	5,508.6
EBIT	2,467.5	2,384.0	2,771.7	2,730.6	2,064.8	2,473.6	2,026.3	1,930.0	2,269.9	1,627.5	3,093.3	3,491.0
Profit
PBT before Exceptional Items	2,360.8	1,321.6	2,235.6	2,408.9	575.6	1,313.0	1,466.3	814.4	1,299.8	728.8	1,294.6	2,002.0
+ Exceptional Items	0.0	-627.4	0.0	0.0	0.0	1,313.0	0.0	3,583.3	5,632.1	0.0	-2,644.0	0.0
Pretax Income	2,360.8	694.3	2,235.6	2,408.9	575.6	2,626.0	1,466.3	4,397.6	6,931.9	728.8	-1,349.4	2,002.0
+ Current Tax	440.3	471.0	465.5	471.8	479.2	1,359.6	658.8	1,059.7	1,462.0	703.9	466.8	606.7
+ Deferred Tax	2.8	-40.8	118.1	40.6	109.2	-75.5	-87.6	-58.6	-56.9	149.8	-247.7	340.6
Tax Expense	443.2	430.1	583.6	512.4	588.4	1,284.1	571.3	1,001.1	1,405.1	853.7	219.0	947.3
+ Net Movement in Regulatory Deferral Balances	0.0	86.7	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
+ Share of Associates & JVs	55.1	0.0	124.1	98.2	245.2	40.3	81.5	17.9	199.8	-41.9	106.9	166.3
Net Income	1,972.8	352.3	1,772.3	1,989.2	228.6	1,382.2	976.5	3,414.4	5,726.6	-166.8	-1,461.5	1,221.0
+ Net Income — Continuing Ops	1,917.7	350.8	1,652.0	1,896.5	-12.9	1,341.9	895.0	3,396.6	5,526.8	-124.9	-1,568.4	1,054.7
+ Net Income — Discontinued Ops	0.0	1.5	-3.8	-5.5	-3.7	0.0	0.0	0.0	0.0	0.0	0.0	0.0
+ Other Comprehensive Income	-156.7	271.0	-159.7	-53.0	957.1	-111.1	-259.1	599.3	-55.8	542.0	-118.9	568.1
Total Comprehensive Income	1,816.1	623.2	1,612.6	1,936.2	1,185.7	1,271.1	717.4	4,013.7	5,670.7	375.2	-1,580.4	1,789.1
Net Income to Common	1,888.4	450.6	1,454.5	1,741.8	57.8	3,844.9	734.4	3,198.8	5,627.0	-220.7	-1,160.2	1,492.0
Minority Interest	84.3	-98.3	317.8	247.4	170.8	170.0	242.1	215.7	99.6	53.9	-301.3	-271.1
Per Share
Basic EPS	16.57	3.49	12.30	14.82	0.04	32.98	6.02	27.38	46.78	-1.71	-8.91	11.05
Diluted EPS	16.57	3.49	12.30	14.82	0.04	32.98	6.02	27.38	46.12	-1.71	-8.91	11.05
Continuing & Discontinued Operations
+ Discontinued Operations — before Tax	0.0	1.9	-5.0	-7.4	-4.9	0.0	0.0	0.0	0.0	0.0	0.0	0.0
+ Tax — Discontinued Operations	0.0	0.5	-1.3	-1.9	-1.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-111.1	-259.1	599.3	-55.8	542.0	-118.9	568.1
+ Items NOT to be Reclassified to P&L	-0.5	-1.1	-0.6	-3.2	0.4	-2.8	-1.1	11.0	-11.3	9.7	1.1	-8.2
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-0.8	-0.3	2.8	-2.9	2.4	0.3	-2.1
+ Tax on Items NOT to be Reclassified — alt tag	-4.5	-0.4	-0.2	-0.8	0.2	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	-156.5	271.5	-153.3	-33.2	965.7	-106.3	-273.4	592.1	-52.4	565.1	-140.7	627.1
+ Tax on Items to be Reclassified	—	—	—	—	—	2.7	-15.1	1.0	-5.1	30.3	-21.0	52.9
+ Tax on Items to be Reclassified — alt tag	4.1	-0.1	5.9	17.5	8.9	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	1,727.8	721.5	1,289.5	1,678.3	1,005.7	—	488.2	3,794.7	5,569.0	319.7	-1,260.9	2,047.7
Comprehensive Income — Non-controlling Interests	88.3	-98.3	323.1	257.9	180.0	—	229.2	219.0	101.7	55.5	-319.5	-258.7
Per Share — as-filed variants
Basic EPS — Continuing Operations	16.57	3.48	12.33	14.87	0.07	32.98	6.02	27.38	46.78	-1.71	-8.91	11.05
Diluted EPS — Continuing Operations	16.57	3.48	12.33	14.87	0.07	32.98	6.02	27.38	46.12	-1.71	-8.91	11.05
Basic EPS — Discontinued Operations	0.00	0.01	-0.03	-0.05	-0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Diluted EPS — Discontinued Operations	0.00	0.01	-0.03	-0.05	-0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	12,818.6	13,313.9	12,020.0	11,695.5	10,738.2	12,071.8	11,289.9	11,112.8	11,573.1	12,384.1	13,186.6	13,138.7
Gross Margin %	45.24	45.63	47.19	51.73	47.00	44.77	51.41	52.30	46.63	38.18	40.05	35.30
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	2,360.8	1,321.6	2,235.6	2,408.9	575.6	1,313.0	1,466.3	814.4	1,299.8	728.8	1,294.6	2,002.0
− Exceptional Items (reconciliation)	0.0	-627.4	0.0	0.0	0.0	1,313.0	0.0	3,583.3	5,632.1	0.0	-2,644.0	0.0
Net Income Adj (tax-effected)	1,972.8	603.2	1,772.3	1,989.2	228.6	711.2	976.5	646.8	1,236.1	-166.8	1,182.5	1,221.0
EPS Adj	16.57	5.98	12.30	14.82	0.04	16.97	6.02	5.19	10.10	-1.71	7.21	11.05
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Filed Debt Equity	1.00	1.00	1.00	1.00	1.00	1.35	1.52	1.50	1.19	0.97	1.12	0.94
Filed Dscr	3.00	2.00	3.00	1.00	1.00	1.58	1.84	1.72	1.84	1.51	2.03	2.36
Filed Iscr	4.00	2.00	4.00	4.00	3.00	3.27	2.61	2.38	2.72	2.60	2.59	3.04
Paid Up Equity Capital	114.0	114.0	114.0	114.0	115.4	115.4	115.4	115.4	122.3	129.2	130.2	135.4

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Adani Enterprises Q2 FY27 results (July–September 2026)

Filed with NSE on Wednesday, 28 October 2026 at 1:37 pm IST

Adani Enterprises (NSE: ADANIENT) reported its Q2 FY27 results (July–September 2026) on Wednesday, 28 October 2026 at 1:37 pm IST. Consolidated net profit attributable to shareholders was ₹1,492 crore, down 53.4% from ₹3,199 crore in Q2 FY26 and against a loss of ₹1,160 crore in Q1 FY27. Revenue from operations was ₹37,216 crore, up 75.1% year on year and up 13.0% from the previous quarter.

Q2 FY26 results (a year earlier): 4 November 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹1,492 Cr−53.4% vs Q2 FY26loss ₹1,160 Cr in Q1 FY27Total incl. minority interest ₹1,221 Cr
Revenue from operations: ₹37,216 Cr+75.1% vs Q2 FY26+13.0% vs Q1 FY27
Operating margin (EBIT): 9.4%+0.3 pts vs Q2 FY26unchanged vs Q1 FY27EBIT ₹3,491 Cr
EBITDA: ₹5,509 Cr+66.6% vs Q2 FY26+9.7% vs Q1 FY27margin 14.8%
Earnings per share (basic): ₹11.05−59.6% vs Q2 FY26
Net profit margin: 4.0%−11.0 pts vs Q2 FY26+7.5 pts vs Q1 FY27

Questions

What was Adani Enterprises' net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹1,492 crore, down 53.4% from ₹3,199 crore in Q2 FY26 and against a loss of ₹1,160 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹1,221 crore.

What was Adani Enterprises' net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹332 crore, down 91.6% from ₹3,933 crore in the same months a year earlier. Revenue from operations was ₹70,140 crore, up 62.3%.

What was Adani Enterprises' net profit in FY26?

Consolidated net profit attributable to shareholders was ₹9,339 crore in FY26 (April 2025–March 2026), up 31.6% from ₹7,099 crore in FY25. It was ₹3,241 crore in FY24 and ₹2,473 crore in FY23: up 277.7% over three years, 55.7% a year on average.

What was Adani Enterprises' revenue in Q2 FY27?

Revenue from operations was ₹37,216 crore, up 75.1% year on year and up 13.0% from the previous quarter.

What was Adani Enterprises' EPS in Q2 FY27?

Basic earnings per share were ₹11.05, against ₹27.38 in Q2 FY26.

When did Adani Enterprises announce its Q2 FY27 results?

On Wednesday, 28 October 2026 at 1:37 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 4 November 2025.

How were Adani Enterprises' Q2 FY27 results?

Revenue grew from a year earlier while net profit fell: revenue was up 75.1% at ₹37,216 crore, and net profit was down 53.4% at ₹1,492 crore. The operating margin was 9.4%, up 0.3 percentage points from 9.1% a year earlier.

What was Adani Enterprises' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹3,491 crore, a margin of 9.4%, against 9.4% in Q1 FY27 and 9.1% in Q2 FY26. EBITDA was ₹5,509 crore, 14.8% of revenue.

What is Adani Enterprises' net profit margin?

Adani Enterprises' net profit margin was 4.0% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 15.1% in Q2 FY26 (down 11.0 percentage points). For FY26 as a whole it was 9.3%.

How has Adani Enterprises' profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: a profit of ₹5,627 crore in Q3 FY26, a loss of ₹221 crore in Q4 FY26, a loss of ₹1,160 crore in Q1 FY27 and a profit of ₹1,492 crore in Q2 FY27. That is a combined profit of ₹5,738 crore over the four quarters, down 26.8% from ₹7,836 crore in the four quarters before. Revenue from operations: ₹24,820 crore, ₹32,439 crore, ₹32,924 crore and ₹37,216 crore.

What was Adani Enterprises' revenue in FY26?

Revenue from operations was ₹1,00,469 crore in FY26 (April 2025–March 2026), up 2.6% from ₹97,895 crore in FY25. It was ₹96,421 crore in FY24 and ₹1,36,978 crore in FY23: down 26.7% over three years, an average fall of 9.8% a year.

When will Adani Enterprises announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these Adani Enterprises figures come from?

From Adani Enterprises' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 28 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.