Adani Enterprises Ltd. Q3 FY2026 results: revenue ₹24,820 crore
Adani Enterprises Ltd. (ADANIENT) reported consolidated revenue from operations of ₹24,820 crore for Q3 FY2026, the quarter ended 31 December 2025. Profit after tax was ₹5,727 crore, and earnings per share ₹46.78. The figures are the company's own, from the un-audited results it filed with NSE on 3 February 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 24,820 | 21,249 | n/a | n/a |
| Other income | 656 | 596 | n/a | n/a |
| Total income | 25,475 | 21,844 | n/a | n/a |
| Cost of materials consumed | 7,596 | 4,962 | n/a | n/a |
| Purchases of stock-in-trade | 7,462 | 6,953 | n/a | n/a |
| Changes in inventories | -1,812 | -1,778 | n/a | n/a |
| Employee benefit expense | 894 | 898 | n/a | n/a |
| Finance costs | 1,626 | 1,711 | n/a | n/a |
| Depreciation, depletion and amortisation | 1,372 | 1,377 | n/a | n/a |
| Other expenses | 7,037 | 6,909 | n/a | n/a |
| Total expenses | 24,176 | 21,030 | n/a | n/a |
| Profit before exceptional items and tax | 1,300 | 814 | n/a | n/a |
| Exceptional items | 5,632 | 3,583 | n/a | n/a |
| Profit before tax | 6,932 | 4,398 | n/a | n/a |
| Current tax | 1,462 | 1,060 | n/a | n/a |
| Deferred tax | -57 | -59 | n/a | n/a |
| Total tax | 1,405 | 1,001 | n/a | n/a |
| Profit after tax | 5,727 | 3,414 | n/a | n/a |
| Attributable to owners of the parent | 5,627 | 3,199 | n/a | n/a |
| Other comprehensive income | -56 | 599 | n/a | n/a |
| Total comprehensive income | 5,671 | 4,014 | n/a | n/a |
| EPS, basic | ₹46.78 | ₹27.38 | n/a | n/a |
| EPS, diluted | ₹46.12 | ₹27.38 | n/a | n/a |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2026 | Q2 FY2026 | A year earlier | Change on the year |
|---|---|---|---|---|
| Debt to equity | 1.19 | 1.50 | n/a | |
| Debt service coverage | 1.84 | 1.72 | n/a | |
| Interest service coverage | 2.72 | 2.38 | n/a |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Segments, Q3 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Integrated Resources Management | 6,962 | 27.5% | 530 | 7.6% |
| Mining Services | 968 | 3.8% | 331 | 34.2% |
| Commercial Mining | 1,645 | 6.5% | -99 | -6.0% |
| New Energy Ecosystem | 3,124 | 12.3% | 750 | 24.0% |
| Airport | 3,842 | 15.2% | 960 | 25.0% |
| Road | 1,320 | 5.2% | 64 | 4.9% |
| Others | 7,442 | 29.4% | 5,366 | 72.1% |
| Unallocated | 0 | n/a | 656 | n/a |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q4 FY2023 | Q1 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 31,346 | 25,438 | 28,336 | 29,180 | 25,472 | 22,608 | 26,966 | 21,961 | 21,249 | 24,820 | 32,439 | 32,924 |
| Expenses | 30,180 | 24,731 | 26,466 | 28,309 | 23,831 | 20,787 | 26,289 | 20,970 | 21,030 | 24,176 | 32,458 | 32,252 |
| Operating profit | 3,587 | 2,524 | 3,227 | 3,195 | 3,706 | 3,766 | 3,710 | 3,310 | 3,307 | 3,642 | 3,731 | 5,019 |
| OPM % | 11% | 10% | 11% | 11% | 15% | 17% | 14% | 15% | 16% | 15% | 12% | 15% |
| Other income | 370 | 371 | 490 | 450 | 594 | 588 | 636 | 475 | 596 | 656 | 748 | 622 |
| Interest | 1,525 | 1,103 | 597 | 1,513 | 1,130 | 910 | 1,796 | 1,035 | 1,711 | 1,626 | 1,646 | 2,421 |
| Depreciation | 895 | 714 | 760 | 811 | 934 | 1,035 | 1,236 | 1,284 | 1,377 | 1,372 | 2,103 | 1,926 |
| Exceptional items | -369 | 0 | 0 | -627 | 0 | 0 | 1,313 | 0 | 3,583 | 5,632 | 0 | -2,644 |
| Profit before tax | 1,168 | 1,079 | 2,361 | 694 | 2,236 | 2,409 | 2,626 | 1,466 | 4,398 | 6,932 | 729 | -1,349 |
| Tax % | 38% | 33% | 19% | 62% | 26% | 21% | 49% | 39% | 23% | 20% | 117% | n/a |
| Net profit | 781 | 677 | 1,973 | 352 | 1,772 | 1,989 | 1,382 | 976 | 3,414 | 5,727 | -167 | -1,462 |
| EPS in ₹ | ₹6.34 | ₹5.91 | ₹16.57 | ₹3.49 | ₹12.30 | ₹14.82 | ₹32.98 | ₹6.02 | ₹27.38 | ₹46.78 | -₹1.71 | -₹8.91 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company. EPS is as filed for each quarter. A split or a bonus issue changes the share count, so quarters before it are on the old count.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 3 February 2026: the result statement. All of Adani Enterprises Ltd.'s results: NSE company page.
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