Adani Enterprises posts quarterly loss on OFAC settlement, reports record EBITDA

News 18
Adani Enterprises reported a net loss due to a one‑time OFAC settlement charge, but achieved record EBITDA and strong growth in airports and copper businesses.

Summary

Adani Enterprises Ltd posted a consolidated net loss of Rs 1,160 crore for the quarter ended June 30, 2026, largely because of a one‑time Rs 2,644 crore charge related to a settlement with the US Treasury’s Office of Foreign Assets Control (OFAC). Despite the loss, the company recorded a record quarterly operating profit, with EBITDA rising 49 % to Rs 5,642 crore. Revenue from operations grew about 50 % to Rs 33,546 crore, driven by significant expansion in its copper and airports businesses; copper sales quadrupled and airport revenue increased 35 %. The company also reported higher operating costs, particularly due to increased fuel prices, and a sharp rise in material costs. Adani Enterprises highlighted milestones such as the launch of international operations at Navi Mumbai International Airport, toll collections on the Ganga Expressway, expansion of solar module capacity, and a new 400‑MW hyperscale data‑center order. In addition, the firm raised Rs 15,000 crore through a qualified institutional placement, reflecting strong investor confidence. Overall, the results underscore the company’s diversified portfolio and its focus on infrastructure and incubation platforms to drive future growth.

(Source:News 18)

Crypto News

Ledger sued for $500M over alleged data breach and crypto theft

Chicago Tribune

Judge blocks President Trump’s new bid to curb birthright citizenship, citing Supreme Court precedent

Deadline

NY Times Rips Trump's DOJ For Backing AI Companies In Class Action Suit

The Boston Globe

Musicians sue AI music company Suno for imitating their voices

WIS10

Federal class-action lawsuit filed against Flock Safety

The Guardian

Uber drivers launch European class action over ‘soulless’ and ‘scary’ AI algorithm

Koreajoongangdaily Joins News

Coupang data breach lawsuit faces U.S. court jurisdiction battle

Insurance Journal

Apple to Pay Virginia Employee $150K in Religious Accommodation Settlement

Newswise

FTC Lawsuit Against Amazon Raises Questions About Advertising Costs, Competition and Consumer Impact: UMD Expert Available | Newswise

Wtvc

Whistleblower says Meta’s $18B settlement falls short of protecting kids’ lives

Upper Michigan's Source

Marquette County Board forms opioid task force to refine settlement disbursement

The Hollywood Reporter

Country Star Jason Isbell...

Billboard

Jason Isbell Files Class Action Lawsuit Claiming Suno Coded AI to ‘Extract Musicians’ Identities’

Fortune

Once a champion for physical media, Sony is now telling PlayStation customers they don’t actually own the digital video games they paid $70 for | Fortune

The Aryavarth Express - Your Own English Daily New

Subhash Chandra Insolvency: ₹22,006 Crore Claims vs ₹6.5 Crore Settlement