Overview

• EBITDA reached Rs 23,793 crore in Q1 FY26 and rose to Rs 90,572 crore on a trailing 12‑month basis, up about 10% year on year.
• Core utility, transport and incubating infrastructure contributed roughly 87% of portfolio EBITDA, with incubating assets crossing Rs 10,000 crore for the first time.
• Net debt to EBITDA stood at 2.6x with cash of Rs 53,843 crore, providing coverage for at least 21 months of debt servicing and an improved credit mix rated largely AA‑ or above.
• Operational gains included Adani Ports handling about 121 MMT in Q1 (≈11% YoY), Adani Green Energy lifting capacity 45% YoY to 15,816 MW and Adani Energy Solutions adding the WRNES Talegaon project for a Rs 59,304 crore under‑construction order book.
• Fund flow from operations after tax reached a record Rs 66,527 crore and the asset base expanded to Rs 6.1 lakh crore, supporting planned annual capex of Rs 1.5–1.6 lakh crore, with ANIL commissioning an off‑grid 5 MW green hydrogen pilot.