Q1FY26 EBITDA at All-Time High of INR 23,793
Ahmedabad, 29 August 2025: The Adani Group, India’s largest infrastructure player, today announced the financial performance of the Adani Portfolio for the Trailing-Twelve-Month (TTM) and Q1FY26, along with its Credit performance.
The Adani Portfolio EBITDA has crossed the INR 90,000 crore milestone on a trailing twelve-month basis for the first time, with Q1 EBITDA also reaching a record high. This strong performance was led by sustained growth in incubating businesses (notably Airports under AEL), along with Adani Green Energy, Adani Energy Solutions, Adani Ports & SEZ, and Ambuja Cements. Robust contributions from these businesses more than offset the dip in AEL’s existing. Negative growth in AEL Existing Business is primarily due to a decrease in trade volume and volatility of index prices in IRM (Integrated Resource Management). Sustained EBITDA expansion provides strong support for the planned annual capital expenditure of INR 1.5-INR 1.6 lakh crore.
On the credit side, the portfolio-level leverage continues to remain one of the lowest globally at 2.6 times Net Debt to EBITDA, while high liquidity of INR 53,843 crore is maintained in cash.
