Adani Enterprises Q2 FY26: Profit Surges 84% YoY; Board Approves Up to ₹25,000 Crore Rights Issue

Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, reported a sharp 84% rise in net profit to ₹3,199 crore for the quarter ended September 2025 (Q2 FY26), compared to ₹1,742 crore in the same period last year. The strong jump in profit was largely driven by a one-time exceptional gain of ₹3,583 crore, which lifted overall earnings. However, the company’s revenue from operations fell 6% year-on-year to ₹21,249 crore, reflecting softness in some of its core businesses, particularly in trading and resource segments. Excluding the exceptional item, profit before tax dropped sharply to ₹814 crore from ₹2,409 crore last year, indicating pressure on the underlying business performance. In a major capital-raising move, the board of Adani Enterprises approved plans to raise up to ₹25,000 crore through a rights issue. The offer will be made to existing shareholders via partly paid-up equity shares of face value Re 1 each. The move is aimed at strengthening the balance sheet, funding new growth projects, and supporting ongoing infrastructure and renewable energy ventures. Key Highlights Net Profit: ₹3,199 crore, up 84% YoY Revenue: ₹21,249 crore, down 6% YoY One-Time Gain: ₹3,583 crore Profit Before Tax (excl. one-time): ₹814 crore, down from ₹2,409 crore Rights Issue Size: Up to ₹25,000 crore Outlook While the exceptional gain helped boost profits, the drop in operating income and core profit points to short-term challenges. The upcoming rights issue could enhance liquidity and reduce leverage, positioning Adani Enterprises to fund new projects in areas like green energy, airports, and data centers. Investors will now watch for details on the rights issue price, subscription timeline, and management commentary on growth recovery in key verticals.