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Adani radical companies reported a grounds superior expenditure of ₹1.53 lakh crore ($16.1 billion) and an all-time precocious EBITDA of ₹94,834 crore ($10 billion) successful the 2025-26 fiscal year, underscoring an accelerating infrastructure enlargement rhythm portion maintaining leverage beneath its stated target.
The concern programme — the largest yearly capex undertaken by an Indian firm radical — lifted the portfolio's gross plus basal to ₹7.85 lakh crore ($82.8 billion), with astir 80% of spending directed towards energy, utilities, transport, and logistics businesses.
Consolidated EBITDA roseate 5.6% year-on-year, according to the group's yearly results and recognition compendium released connected Tuesday (June 2, 2026).
Nearly 80% of FY26 investments were directed toward halfway infrastructure businesses, including energy, utilities, transport, and logistics, underscoring the group's continued absorption connected sectors linked to India's infrastructure build-out.
The concern rhythm comes arsenic respective ample projects entered operations, including 5.1 GW of renewable vigor capacity, artillery vigor retention systems, Navi Mumbai International Airport, the Guwahati terminal, the Ganga Expressway, and a copper smelter.
The ports-to-energy conglomerate said these assets are expected to lend much meaningfully to net and currency flows FY27 onwards.
Core infrastructure businesses generated ₹82,083 crore of EBITDA during FY26, accounting for 87% of portfolio earnings. The transport segment, led by Adani Ports, recorded the strongest growth, with EBITDA rising 23.2% to ₹25,228 crore. Utility businesses reported EBITDA maturation of 4.6% to ₹45,377 crore.
Despite the crisp summation successful superior spending, the radical maintained nett debt-to-EBITDA astatine 3.3 times, beneath its stated ceiling of 3.5 times. Cash and currency equivalents stood astatine ₹55,852 crore astatine the extremity of March, equivalent to 15% of gross debt.
Sufficient liquidity is maintained crossed portfolio companies to screen indebtedness servicing requirements for astatine slightest the adjacent 17 months.
The group's mean borrowing outgo declined to 7.8% successful FY26 from 9% 2 years earlier, supported by standing upgrades crossed operating companies. Adani said each of its assets present transportation home recognition ratings of A- oregon higher.
Among cardinal businesses, Adani Green Energy expanded operational renewable capableness by 5.1 GW to 19.3 GW, portion Adani Ports handled a grounds 500.8 cardinal metric tonnes of cargo, up 11% from a twelvemonth earlier.
Adani Energy Solutions reported an under-construction transmission pipeline worthy ₹71,779 crore and crossed 10 cardinal astute metre installations.
Adani Enterprises, the group's incubator business, raised ₹24,930 crore done a rights contented during the fiscal twelvemonth nether review, portion its airports portfolio handled 95.3 cardinal passengers crossed 8 airports.
The results item the group's modulation into a caller concern signifier aft years of accelerated balance-sheet expansion, with absorption positioning infrastructure, vigor modulation and logistics arsenic the superior drivers of aboriginal growth.
"FY26 marks an important inflection constituent for the Adani Portfolio, arsenic radical companies began its adjacent signifier capex cycle. The standard of superior deployment during the twelvemonth is comparable to the plus basal we had built implicit our archetypal 25 years, reflecting some the infrastructure accidental earlier India and the group's assurance successful its semipermanent maturation trajectory," according to compendium, which provided an overview of show and insights into its recognition spot and semipermanent resilience.
Giving operational details, it said renewable vigor arm, Adani Green Energy Ltd. saw operational capableness grow by 5.1 GW to 19.3 GW. It had BESS capableness of 1.38 GWh astatine the extremity of FY26, present scaled to 3.37 GWh astatine Khavda successful Gujarat — 1 of the largest single-location deployments.
Electricity transmission institution Adani Energy Solutions Ltd had under-construction transmission pipeline of ₹71,779 crore and crossed 1 crore astute meters installation. It has an bid publication astatine 2.5 crore arsenic against nationalist accidental of 10.3 crore.
Adani Power is targeting a capableness of 42 GW by FY32, with 23.7 GW already locked-in vs existent 18.2 GW.
Adani Ports & SEZ Ltd handled 11 per cent much cargo astatine 500.8 cardinal tonnes. It completed acquisition of NQXT Australia (50 milion tonnes capacity) successful December 2025.
Ambuja Cements completed acquisition of Orient Cement, strengthening marketplace position. Cement income volumes roseate 16.1% to 73.7 cardinal tonnes successful FY26.
Headquartered successful Ahmedabad, the Adani Portfolio is the country's largest and fastest-growing level of diversified infrastructure businesses, spanning vigor and utilities, transport and logistics, metals and materials, and user sectors.
