Adani Portfolio of Companies

Stable, Predictable
Infrastructure-led Growth

Delivering Best-in-Class Performance, Consistently

( in crore)
FY 2025-26
Revenue
FY 2025-26
Adjusted EBITDA*
FY 2025-26
PAT
APL57,86523,32112,971
APSEZ40,85425,22812,782
AESL28,3258,7262,393
AEL1,02,94316,6439,951
AGEL13,81912,0751,987
ATGL6,4461,254656
Ambuja Cements41,4907,5865,637
2,91,742 crore

Consolidated revenue

10% 5-Year CAGR

94,833 crore

Consolidated Adjusted EBITDA

23% 5-Year CAGR

46,377 crore

Consolidated PAT

38% 5-Year CAGR

Growth with Prudence and Responsibility

Free Cash Flow Powered by the Core Infra Platform

Infrastructure platform contribution in FY 2025-26

63%

of total revenue

87%

of total EBITDA

88%

of the total fund flow from operations

Solid Fundamentals

USD 5.89 billion

Portfolio-level cash balance (as on March 31, 2026)

2.49x

Gross assets/net debt ratio

3.32x

Net debt/EBITDA (below the guided 3.5x leverage range)

100%

Of the run rate EBITDA of 1,08,300 crore rated above ‘A-’

13.6%

Return on Assets

* Adjusted EBITDA = PAT + Share of profit from JV & Associates + Current Tax + Deferred Tax + Depreciation & Amortisation + Finance Cost + Unrealised Forex Loss / (Gain) + Exceptional Items

Industry-Leading by Design

Cargo Volume Growth
Transmission Network Growth
Thermal Power Capacity Growth
Smart Meter Installation Growth
Renewable Capacity Growth
City Gas Distribution Volume
Airport Passenger Traffic Growth