- Adani Enterprises reported a net loss of ₹1,160 crore in Q1 due to a one-time expense from a US settlement of $275 million (₹2,644 crore) related to the U.S. Office of Foreign Assets Control (OFAC).
- Revenue from operations surged 50% year-on-year to ₹32,924 crore, despite the reported loss.
- The exceptional loss of ₹2,644 crore was due to the settlement payment, while excluding this, the company reported a profit of ₹1,295 crore.
- Total expenses rose 54% year-on-year to ₹32,252 crore, driven by a sharp increase in the cost of materials consumed.
- Adani Enterprises has now reported a consolidated net loss for the second consecutive quarter, despite achieving record quarterly operating profit.
Adani Enterprises reported a consolidated net loss of ₹1,160 crore for Q1 FY27, a stark contrast to the ₹885 crore profit in the same quarter last year. This loss was largely attributed to a $275 million settlement with the U.S. Office of Foreign Assets Control (OFAC), amounting to ₹2,644 crore.12310
Despite the loss, the company saw a 50% year-on-year increase in revenue, reaching ₹32,924 crore. Excluding the exceptional settlement, Adani reported a profit of ₹1,295 crore, with earnings before interest, taxes, depreciation, and amortization (EBITDA) growing 49% YoY.
Total expenses surged 54% YoY to ₹32,252 crore, driven by a significant rise in the cost of materials consumed, which jumped to ₹14,255 crore from ₹3,393 crore a year earlier. The tax expense for the quarter was ₹219 crore, down from ₹571 crore in Q1 FY26.89
Gautam Adani, Chairman of the Adani Group, stated, “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.” Operationally, the company reported a 3% YoY increase in airport passenger traffic and a more than four-fold increase in copper sales.
The company also made strides in renewable energy, commissioning a new 1.7-GW solar module manufacturing line, and secured a new 400-MW hyperscale order for its data center business.
“The company faced an exceptional loss of ₹2,644 crore linked to the US settlement, impacting its financial performance. Despite this, Adani Enterprises achieved a record quarterly EBITDA of ₹5,642 crore, driven by growth in its airports and copper businesses.”
