Ahmedabad: The Adani Portfolio on Monday reported a strong financial performance for the first half of FY26, highlighted by a record capex outlay of ₹67,870 crore ($7.6 billion) and its highest-ever EBITDA of ₹47,375 crore ($5.3 billion). The surge in investments pushed gross assets to ₹6,77,029 crore ($76 billion), keeping the group firmly on track to meet its guided ₹1.5 lakh crore capex target for the fiscal.
The trailing twelve-month EBITDA has risen to ₹92,943 crore ($10.4 billion), an 11.2 per cent year-on-year increase, with AAA-rated assets contributing 52 per cent of the total. “Our core infrastructure businesses continue to deliver strong double-digit growth while we execute one of the largest capex programmes in India’s Viksit Bharat cycle,” said Adani Group CFO Jugeshinder Singh. He added that despite doubling capex, the group’s debt metrics remain below the guided range, reflecting disciplined financial management.
Singh noted that the group is preparing to replicate within a year what previously took 25 years to build, supported by timely commissioning of new assets and sustained returns on assets of 15–16 per cent. Core infrastructure businesses — including utilities, transport and key segments under Adani Enterprises — contributed 83 per cent of EBITDA during H1.
Adani Enterprises Ltd recorded the largest asset addition of ₹17,595 crore ($2 billion), followed by Adani Green Energy Ltd with ₹12,314 crore ($1.4 billion) and Adani Power Ltd with ₹11,761 crore ($1.3 billion). The portfolio delivered a return on assets of 15.1 per cent in H1 FY26, maintaining its six-year track record of above-15 per cent ROA despite over 3.5-fold growth in gross assets.
