The Adani Group has achieved a historic milestone, with its companies posting a record capital expenditure of USD 16 billion and an all-time high consolidated EBITDA of Rs 94,834 crore for the fiscal year 2025-26. This represents a 5.6% year-on-year increase in EBITDA, according to the group's annual results and credit compendium released on Tuesday.
Record Capital Expenditure
The USD 16 billion capital expenditure marks the highest ever for the conglomerate, reflecting its aggressive expansion strategy across various sectors including energy, infrastructure, and logistics. The group has been investing heavily in renewable energy, airports, and data centers, among other areas, to drive future growth.
EBITDA Growth
The consolidated EBITDA of Rs 94,834 crore underscores the group's operational efficiency and strong revenue generation. The 5.6% rise from the previous year was driven by robust performance across key businesses, particularly in the energy and transport segments. The group's ability to maintain healthy margins despite global economic uncertainties has been noted by analysts.
Financial Strength
The credit compendium released alongside the results highlights the group's improved financial metrics, including lower leverage and stronger cash flows. This has been achieved through a combination of organic growth and strategic divestments. The group's net debt to EBITDA ratio has improved, providing greater flexibility for future investments.
Outlook
Looking ahead, the Adani Group aims to sustain its growth momentum by focusing on green energy and digital infrastructure. The record capex is expected to yield significant returns in the coming years, further strengthening the group's position in both domestic and global markets.



