News ArticleAdani Enterprises Reports Unaudited Consolidated Q2 and Half Year 2026 Financial Results Featuring Rs. 15,096.56 Crores Subsidiary Revenue
Board approves financial results for quarter and half year ended September 30, 2026, with Mumbai International Airport Limited under legal investigation
Adani Enterprises Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The consolidated financials include Rs. 15,096.56 crores revenue and Rs. 1,277.04 crores loss after tax from subsidiaries for Q2 2026, with noted ongoing legal investigations impacting Mumbai International Airport Limited's asset valuations.
Adani Enterprises Limited
Financial Results
Adani Enterprises Limited has announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The results include revenues and losses reported by its subsidiaries and associates, along with disclosure of ongoing legal proceedings involving Mumbai International Airport Limited, a key subsidiary.
The Board of Directors of Adani Enterprises Limited approved the unaudited consolidated and standalone financial results for Q2 and H1 ended September 30, 2026, in compliance with SEBI regulations and Indian Accounting Standards. The results were reviewed and recommended by the Audit Committee before approval.
Consolidated financial results include data from 59 subsidiaries and 25 jointly controlled entities and associates whose audited reports were obtained, reporting Rs. 15,096.56 crores in revenues and a loss after tax of Rs. 1,277.04 crores for the quarter.
Certain financial results of 142 other subsidiaries and 42 associates were certified by management without auditor review, contributing Rs. 692.51 crores revenue and Rs. 42.44 crores profit after tax for the quarter respectively.
A significant note in the review relates to Mumbai International Airport Limited (MIAL). Legal proceedings and investigations by the Ministry of Corporate Affairs and CBI are ongoing concerning allegations of misuse of funds amounting to Rs. 845.76 crores related to works contracts. These amounts are currently recorded in property, plant, and equipment at a net book value of Rs. 409.28 crores. Auditors have given a modified conclusion due to insufficient evidence on this matter.
The auditor's review found no other material misstatements besides the MIAL issue, and the consolidated results fairly present the group's financial position for the stated periods.
Highlights
- Unaudited consolidated financial results cover Q2 and half year ended September 30, 2026.
- Subsidiaries reported combined revenue of Rs. 15,096.56 crores and loss after tax of Rs. 1,277.04 crores for Q2 2026.
- Management-certified interim results include Rs. 692.51 crores revenue and Rs. 42.44 crores profit from certain subsidiaries for Q2 2026.
- Ongoing Ministry of Corporate Affairs and CBI investigations involve Mumbai International Airport Limited with allegations of Rs. 845.76 crores fund misuse.
- Rs. 409.28 crores net book value of MIAL’s contested assets included in property, plant and equipment.
- Auditor issued modified conclusion on MIAL due to insufficient audit evidence, with no other material exceptions noted.
Key Data Snapshot
What happened
- Adani Enterprises announced unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- The results were approved by the Board and reviewed by the Audit Committee in accordance with SEBI Listing Regulations and Ind AS 34.
- Results include contributions from subsidiaries, jointly controlled entities and associates, both audited and management-certified.
Key details
- Consolidated revenues from 59 audited subsidiaries totaled Rs. 15,096.56 crores for Q2 2026 with a loss after tax of Rs. 1,277.04 crores.
- Management-certified subsidiaries and associates added Rs. 692.51 crores revenue and Rs. 42.44 crores profit for Q2 2026.
- The audit report included modified conclusions regarding Mumbai International Airport Limited due to ongoing legal investigations.
- MIAL is investigated for alleged Rs. 845.76 crores of fund misuse linked to works contracts, with Rs. 409.28 crores net book value in property, plant and equipment.
- Auditors issued a qualified opinion on this issue but found no other material misstatements.
Regulatory and governance context
- Financial results were prepared in accordance with Indian Accounting Standards and the Companies Act 2013, as amended.
- The announcement complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, including required disclosures and Limited Review Reports.
- Auditors performed review procedures as per applicable standards and issued their conclusions accordingly.
Highlights
- Unaudited consolidated financial results cover Q2 and half year ended September 30, 2026.
- Subsidiaries reported combined revenue of Rs. 15,096.56 crores and loss after tax of Rs. 1,277.04 crores for Q2 2026.
- Management-certified interim results include Rs. 692.51 crores revenue and Rs. 42.44 crores profit from certain subsidiaries for Q2 2026.
- Ongoing Ministry of Corporate Affairs and CBI investigations involve Mumbai International Airport Limited with allegations of Rs. 845.76 crores fund misuse.
- Rs. 409.28 crores net book value of MIAL’s contested assets included in property, plant and equipment.
- Auditor issued modified conclusion on MIAL due to insufficient audit evidence, with no other material exceptions noted.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Indian Accounting Standards 34 - Interim Financial Reporting
- Companies Act, 2013 (Section 133)
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