Adani Group posts robust H1 on record capex, EBITDA at Rs 47,375 crore

Adani Group reported a strong first half of FY26 with consolidated EBITDA reaching Rs 47,375 crore, driven by aggressive capital expenditure totaling Rs 53,100 crore across its diversified infrastructure, energy, ports, renewables, and airports verticals. The group’s capex was up 44% YoY, highlighting a multi-year scale-up in capacity and operating footprint. This sector-leading investment fueled the highest-ever half-year operating profitability for the conglomerate.​ Performance and business highlights Infrastructure and utility segments—

, , Adani Electricity, and —contributed the majority of EBITDA growth, supported by expanding asset base, higher throughput, and improved operating leverage.​ The airport and renewables portfolios saw notable progress, with capex outlays directed toward network expansion, technology upgrades, and new asset monetization.​ Strategic divestments, including ' stake sale in Adani Wilmar Agri business, strengthened liquidity buffers and enabled further investment in high-growth platforms.​ Market outlook and implications Adani Group 's record capital deployment signals continued conviction in India’s infrastructure growth story, supporting future earnings compounding through operational scale, integration, and diversification. Investors are watching near-term impacts on leverage, cash flows, and returns on invested capital as the group balances aggressive expansion with ongoing portfolio optimization. Source: The Economic Times No Recommendations