Adani Enterprises reports ₹1,160 Crore Loss in Q1 of FY27
New Delhi, July 29: Adani Enterprises Limited reported a consolidated net loss attributable to owners of ₹1,160.23 crore for the quarter ended June 30, 2026.
It marks a sharp reversal from a net profit of ₹885.23 crore in the same period a year earlier.
The loss followed a ₹2,644.02 crore exceptional charge tied to a settlement with the US Office of Foreign Assets Control.
Revenue from operations, meanwhile, grew 49.9% year-on-year to ₹32,923.98 crore in Q1 FY27, up from ₹21,961.20 crore a year ago.
Why the Company Reported a Loss
Adani Enterprises entered into a settlement agreement with OFAC on May 14, 2026, paying $275 million — equivalent to ₹2,644.02 crore — which was recorded as an exceptional item in its financials.
Excluding exceptional items, profit before tax actually declined 11.7% to ₹1,294.64 crore from ₹1,466.28 crore. After accounting for the OFAC charge, the company recorded a loss before tax of ₹1,349.38 crore. Total consolidated loss after tax came to ₹1,461.54 crore, which includes a ₹301.31 crore loss attributable to non-controlling interests. Jointly controlled entities and associates contributed ₹106.88 crore in profit, up from ₹81.45 crore a year earlier.
Operating Performance
EBITDA, excluding other income, rose 51.6% to ₹5,019.29 crore from ₹3,310.29 crore, while operating margin edged up roughly 18 basis points to 15.25% from 15.07% a year earlier.
However, aggregate finance costs more than doubled to ₹2,420.93 crore from ₹1,035.48 crore, with interest and other finance costs up 59.8%. The quarter also recorded a ₹6.67 crore foreign-exchange loss, compared with a ₹475.63 crore gain in the same period last year. Depreciation, amortisation, and impairment expenses rose 50% to ₹1,926 crore, while total expenses climbed 53.8% to ₹32,251.62 crore.
Segment-Wise Performance
The copper segment was the standout performer, with revenue surging to ₹10,710.48 crore from ₹536.57 crore — nearly 20 times its year-ago level — and turning a loss of ₹287.03 crore into earnings before interest and tax of ₹498.91 crore.
Airport revenue grew 35.1% to ₹3,670.94 crore, with segment profit up a modest 1.8% to ₹519.45 crore. Commercial mining revenue rose 62% to ₹1,795.15 crore, with the segment’s loss narrowing significantly to ₹21.31 crore from ₹455.69 crore.
On the other hand, the new-energy ecosystem segment saw revenue dip 2% to ₹3,903.32 crore, with segment profit falling 24.3% to ₹743.29 crore. Integrated resources management revenue declined 7% to ₹7,325.98 crore, though segment profit still rose 70.7% to ₹827.45 crore.
The company noted that comparative figures from the previous year were restated to reflect a composite scheme of arrangement effective April 1, 2025.
Post-Quarter Developments
After the quarter closed, Adani Enterprises completed a qualified institutional placement of approximately 52.03 million shares at ₹2,883 each, raising ₹15,000 crore.
