Adani Enterprises Q1 profit halves to ₹734 cr amid weak trade and IRM volatility
Mumbai: Adani Enterprises Ltd reported a subdued performance for the quarter ended June 2025 (Q1FY26), as earnings were weighed down by reduced trade volumes, heightened index price volatility in its Integrated Resource Management (IRM) segment, and sustained pressure in commercial mining, CNBC TV18 reported.
The conglomerate’s consolidated net profit fell sharply by 49.5% year-on-year to ₹734 crore, compared to ₹1,454 crore in the same quarter last year. Revenue also declined 14% to ₹21,961 crore from ₹25,472 crore in Q1FY25.
Operating metrics weakened, with EBITDA slipping 11% to ₹3,310 crore from ₹3,705 crore a year ago. However, EBITDA margin improved slightly to 15.10%, up from 14.60% in the year-ago period.
Other income saw a decline, dropping to ₹475 crore from ₹594 crore. Meanwhile, finance costs rose to ₹1,511 crore from ₹1,177 crore.
Material costs more than doubled to ₹3,393 crore from ₹1,793 crore last year.
On the segmental front, Adani Airports Holdings Ltd (AAHL) posted a robust 61% year-on-year growth in EBITDA, reaching ₹1,094 crore.
The company attributed the earnings decline primarily to a fall in trade volumes and increased volatility in index prices in the IRM business, as well as ongoing headwinds in the commercial mining division.
Following the earnings report, Adani Enterprises’ shares dropped as much as 4% intraday on the NSE, touching ₹2,431.30.
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