The Adani Group has reported its strongest-ever first-half financial performance, achieving a record ₹47,375 crore EBITDA in the first six months of FY26. This marks the highest half-yearly earnings before interest, taxes, depreciation, and amortisation in the conglomerate’s history. A key highlight of the results is that 83% of the total EBITDA came from core infrastructure-focused businesses, including energy, utilities, logistics, and transport verticals.

Key Highlights

• Adani Group posts record ₹47,375 crore H1 EBITDA, driven primarily by strong core infrastructure operations.
• Financial metrics remain stable with healthy asset growth and net debt-to-EBITDA ratio near 3x.

The group’s asset base also expanded significantly during the period, with gross assets rising by ₹67,870 crore, taking the total assets to ₹6.77 lakh crore. Despite this rapid growth and ongoing capital expenditure, the company maintained a disciplined financial position. Its net debt-to-EBITDA ratio remains close to 3x, which is well below its stated comfort range of 3.5x to 4.5x.

Return on assets stood at 15.1%, indicating efficiencies in asset utilisation even as large-scale investments continue. The company also noted that approximately 90% of its EBITDA now comes from businesses backed by credit ratings of AA- or higher, reflecting improving financial strength and stability.

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According to the group’s CFO, the strong results demonstrate the resilience and growth momentum of its flagship infrastructure platforms. He added that the business continues to align its expansion strategy with India’s long-term infrastructure development roadmap under the vision of a “Viksit Bharat.”

Overall, the performance underscores the group’s continued dominance across energy and infrastructure sectors, supported by large-scale investments and improving operating metrics.