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Adani posts record H1FY26 earnings

November 25, 2025

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Mint Ahmedabad

The Adani Group's consolidated earnings before interest, tax, depreciation and amortization (Ebitda) surpassed ₹90,000 crore on a trailing twelvemonth basis for the first time during the September quarter.

- NEHAL CHALIAWALA

However, an even sharper uptick in borrowings over the last six months means that the conglomerate’s net debt is now three times its record Ebitda.

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