Adani Enterprises Ltd (AEL), the holding company of the Adani Group, suffered a consolidated net loss of ₹1,160 crore in the June quarter FY27 due to one-time settlement of $275 million ( ₹2,644 crore) relating to the U.S. Office of Foreign Assets Control (OFAC).

This is AEL’s consolidated net loss for the second straight quarter, even as the flagship Adani Group company saw record quarterly operating profit on the back of growth in its airports and copper businesses.

The one-time charge had a significant impact on the company’s reported net earnings in the review quarter because the AEL had reported net profit of ₹855 crore in the corresponding period of previous year.

Excluding this exceptional settlement, the company’s core business remained profitable as earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 49% year-on-year (YoY). Profit before tax stood at ₹1,295 crore (excluding OFAC settlement of ₹2,644 crore). The company’s revenue from operations rose by nearly 50% YoY to ₹32,924 crore in the review quarter.

“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,” Gautam Adani, Chairman, Adani Group, said, adding “as India’s infrastructure requirements expand, we remain focused on building globally competitive businesses that advance national priorities and create enduring value for all our stakeholders,”

The company’s copper business reported strong growth, and the airport business also recorded healthy revenue growth, helping offset weaker performance in coal trading and some new energy businesses.

Operationally, airport passenger traffic rose 3% YoY to 24.2 million, copper sales increased more than four-fold to 64.7 kilotonnes, and wind turbine generator deliveries rose 83% YoY to 64 sets.

“The current quarter results reflect the strength of AEL’s diverse portfolio of established and incubating businesses, which provides both stability and growth,” it said.

“Having established a strong foundation of infra-platform through disciplined investment cycle, AEL is now poised to witness the phase where capacity utilisation of its assets and operational efficiencies will translate into meaningful financial outcomes for its shareholders,” it added.

During the quarter, Adani New Industries commissioned a new 1.7-GW solar module manufacturing line, taking total module capacity to 5.7 GW. Its data centre business secured a new 400-MW hyperscale order, Navi Mumbai International Airport commenced international operations on July 15, and toll collections began on the Ganga Expressway project on May 15.

Published - July 29, 2026 08:07 pm IST