The Adani group of firms reported report capital expenditure of Rs 1,534 million ($16.1 billion) and report EBITDA of Rs 94,834 million ($10 billion) within the 2025-26 monetary 12 months. This confirms that the infrastructure growth cycle is accelerating whereas sustaining leverage beneath the declared goal.
The funding program was the biggest annual capital funding undertaken by an Indian company group, elevating the portfolio’s whole asset base to 7.85 billion rupees ($82.8 billion), with practically 80% of spending going to power, utilities, transport and logistics companies.
In line with the Group’s annual outcomes and credit score abstract revealed on Tuesday (2 June 2026), consolidated EBITDA elevated by 5.6% year-on-year.
Practically 80% of FY26 investments had been in core infrastructure companies akin to power, utilities, transport and logistics, underscoring the group’s continued deal with sectors associated to India’s infrastructure growth.
This funding cycle comes as a number of large-scale initiatives come on-line, together with 5.1 GW of renewable power capability, battery power storage methods, Navi Mumbai Worldwide Airport, Guwahati Terminal, Ganga Expressway, and a copper smelter.
The port power conglomerate mentioned these property are anticipated to contribute extra meaningfully to its earnings and money movement in FY27 and past.
Core infrastructure enterprise generated EBITDA of Rs 82,083 crore in FY26 and accounted for 87% of portfolio income. The transportation phase, led by Adani Ports, recorded the strongest development, with EBITDA rising by 23.2% to Rs 25,228 crore. Utilities’ EBITDA was reported to have elevated by 4.6% to Rs 45,377 crore.
Regardless of the sharp enhance in capital expenditure, the Group maintained its web debt to EBITDA ratio of three.3x, beneath the prescribed restrict of three.5x. Money and money equivalents on the finish of March stood at Rs 55,852 crore, representing 15% of whole debt.
Ample liquidity is maintained throughout portfolio firms to cowl debt service necessities for a minimum of the following 17 months.
The group’s common borrowing prices fell to 7.8% in FY2026 from 9% two years in the past, supported by score upgrades throughout working firms. Adani mentioned all of its property at the moment have home credit score scores of A- or above.
Amongst its key operations, Adani Inexperienced Vitality elevated its renewable power working capability by 5.1 million kW to 19.3 million tonnes, whereas Adani Ports dealt with a report 508 million tonnes of cargo, an 11% enhance over the earlier 12 months.
Adani Vitality Options reported that it has crossed Rs 71,779 crore value of under-construction transmission pipelines and 10 million good meter installations.
The group’s incubator enterprise, Adani Enterprises, raised Rs 24,930 crore via rights subject in the course of the fiscal 12 months, and its airport portfolio dealt with 95.3 million passengers throughout eight airports.
The outcomes spotlight that the Group is transferring into a brand new funding section after a number of years of speedy steadiness sheet growth, with administration positioning infrastructure, power transition and logistics as key drivers of future development.
“FY2026 marks a big inflection level for Adani’s portfolio because the group’s firms embark on the following section of their capital spending cycle. The size of capital deployment within the 12 months is akin to the asset base now we have constructed over our first 25 years and displays each the pre-India infrastructure alternative and the group’s confidence in its long-term development trajectory,” mentioned the overview, which gives an summary of the efficiency and perception into credit score high quality and long-term resilience.
Giving operational particulars, he mentioned the operational capability of its renewable power arm, Adani Inexperienced Vitality, elevated by 5.1 million kW to 19.3 million kW. BESS capability on the finish of FY26 was 1.38 GWh, which has now been expanded to three.37 GWh in Kavda, Gujarat, making it one of many largest single-site installations.
Energy transmission firm Adani Vitality Options Ltd is constructing a Rs 71,779-crore energy transmission pipeline and has accomplished set up of 1 billion good meters. Whereas the home order alternative is 10.3 billion yen, the corporate’s orders are 2.5 billion yen.
Adani Energy is concentrating on a capability of 42 GW by FY 2032, of which 23.7 GW has already been secured towards the present 18.2 GW.
Adani Ports & SEZ Ltd dealt with 11% extra cargo at 508 million tonnes. The acquisition of NQXT Australia (manufacturing capability 50 million tons) was accomplished in December 2025.
Ambuja Cement has accomplished the acquisition of Orient Cement, strengthening its market place. Cement gross sales quantity in FY2016 elevated by 16.1% to 73.7 million tons.
Headquartered in Ahmedabad, Adani Portfolio is the nation’s largest and quickest rising platform of diversified infrastructure companies spanning power and utilities, transportation and logistics, metals and supplies, and client sectors.
issued – June 2, 2026 10:56 PM IST
