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Adani Group's FY26 Surge: Record Capex Fuels Growth
24 Nov
Summary
- Total assets reached Rs 6.77 lakh crore with record capital expenditure.
- EBITDA hit Rs 47,375 crore in H1 FY26, a first-half record.
- Leverage remains below guided ranges, credit quality significantly improved.

Adani Group has announced a strong performance for the first half of FY26, driven by unprecedented capital expenditure and significant growth in operating earnings. The conglomerate's total asset base has surged to Rs 6.77 lakh crore, with EBITDA reaching a record Rs 47,375 crore. This financial success is largely attributed to the robust performance of its core infrastructure operations.
The group has successfully managed its leverage, keeping it below guided ranges while enhancing overall credit quality. With new projects progressing towards operational status, Adani Group anticipates maintaining returns on assets between 15-16%. This strategic expansion is supported by strong performance across various business verticals, including utilities, transport, and incubating infrastructure.
Key business segments like utilities, transport, and even adjacency businesses such as cement have demonstrated double-digit growth. Adani Green's renewable capacity has expanded, and Adani Ports has seen a significant rise in cargo volumes. The group's financial disclosures for H1 FY26 highlight its commitment to long-term national infrastructure development and sustainability.




