Adani Enterprises Ltd (AEL), the flagship entity of the Adani Group, announced a consolidated net loss of ₹1,160.23 crore for the quarter ending June 30, 2026 (Q1 FY27). This contrasts sharply with a net profit of ₹885.23 crore reported in the same quarter of the previous fiscal year.
OFAC Settlement Drives Q1 Loss
The company attributed the significant loss primarily to a substantial one-time settlement payment of ₹2,644.02 crore (approximately $275 million) made to the US Office of Foreign Assets Control (OFAC). This payment impacted the quarter's financial outcome considerably.
Revenue and EBITDA Show Strong Growth
Despite the net loss, Adani Enterprises demonstrated robust operational performance. Revenue from operations witnessed a substantial increase of 49.91% year-on-year, reaching ₹32,923.98 crore in the June quarter, up from ₹21,961.20 crore in the corresponding period last year.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) also saw strong growth, climbing 49% year-on-year to ₹5,642 crore during the quarter, marking the company's highest-ever quarterly EBITDA.
Gautam Adani, Chairman of the Adani Group, commented, "Adani Enterprises has begun FY27 with an exceptionally strong performance, delivering its highest-ever quarterly EBITDA of ₹5,642 crore, driven by the growing scale and maturity of our infrastructure and incubation platforms."
Adani highlighted several key milestones contributing to this growth, including the commencement of international operations at Navi Mumbai International Airport, toll collections on the Ganga Expressway, expansion of solar module capacity, and a major new hyperscale data center order.
Strategic Investments and Board Changes
The company also noted the successful completion of a ₹15,000 crore Qualified Institutional Placement (QIP), which, according to Adani, "further reflects strong institutional confidence in our strategy and execution capabilities." He reaffirmed the group's commitment to building globally competitive businesses that align with India's expanding infrastructure requirements.
In a separate development, Adani Enterprises announced the appointment of Anju Abrol as an Additional Director (Non-Executive, Independent) for a three-year term, pending shareholders' approval.
Following the earnings announcement, Adani Enterprises shares were observed trading 0.74% higher at ₹3,024.80.