Billionaire Gautam Adani-led Adani Enterprises reported a 50% year-on-year decrease in net profit in the first quarter of the financial year 2026. The company’s net profit dropped to ₹734 crore in Q1 FY26 from ₹1,458 crore in Q1 FY25. Its revenue from operations increased 14% to Rs 21,961 crore, mainly due to a 27% decline in its coal trading business.
The significant fall in net profit in the quarter was mainly driven by a decrease in trade volume and fluctuation of index prices in Integrated Resources Management (IRM) and commercial mining.
“Results for the quarter impacted primarily on account of the decrease in trade volume and volatility of index prices in IRM and commercial mining,” said Adani Enterprises in a statement on July 31.
Ahead of quarterly results, the company's share dropped 4% to ₹2,430 on NSE.
The company’s revenue from the IRM segment dipped from ₹10,793.80 crore in Q1 FY25 to ₹7,879.47 crore in Q1 FY26. Revenue from commercial mining segment decreased from ₹1,639.55 crore in Q1 FY25 to ₹1,107.88 crore in Q1 FY26.
Adani Group’s incubating businesses EBITDA grew by 5% y-o-y to ₹2,800 crore mainly driven by strong performance in infrastructure-related business. Gautam Adani’s bet on airport business translated as its biggest gain as the EBITDA increased by 61% y-o-y to ₹ 1,094 crore from ₹682 crore in Q1 FY25. Infrastructure assets like the Navi Mumbai International Airport, the Copper Plant and the Ganga Expressway are the major contributors. Passenger traffic across AAHL’s network of eight airports increased 3% on y-o-y basis to 23.4 million in the quarter ending in June.
“The substantial rise in EBITDA contribution from our incubating businesses reflects strength and scalability of our operating model. This performance has been led by our airports business, which delivered an exceptional 61% y-o-y growth in EBITDA,” said Gautam Adani, according to a company statement.
This comes around a time when the Gautam Adani-chaired conglomerate is betting big on India's aviation boom to increase both its aero and non-aero stream of revenue.
