{"id":331377,"date":"2026-10-29T11:20:04","date_gmt":"2026-10-29T05:50:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=331377"},"modified":"2026-10-29T11:20:04","modified_gmt":"2026-10-29T05:50:04","slug":"adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/","title":{"rendered":"Adani Power vs Adani Ports vs Adani Enterprises After Q2 Results 2026: Experts&#8217; Views, Targets and Which Numbers Matter"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>At 11:14 AM IST on 29 Oct 2026, Adani Enterprises traded at Rs 2,556.60 (up 3.10%), Adani Ports at Rs 1,835 (up 4.18%), Adani Power at Rs 187.54 (up 1.60%) and Adani Energy Solutions at Rs 1,328.40 (up 2.66%), after Q2 results in which Adani Ports revenue rose 24%, Adani Enterprises revenue rose 74% but profit fell 55%, and Adani Power profit rose 141.5% on one-offs.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Adani Power vs Adani Ports vs Adani Enterprises shows three different Q2 stories, so no single best Adani stock to buy emerges from the numbers. Adani Ports had the steadiest quarter, with revenue up 24%, EBITDA up 23% and profit up 18% to Rs 3,682 crore, and it raised FY27 guidance. Adani Enterprises grew revenue 74% and EBITDA 62% but reported profit down 55% against a high base, while Adani Power&#8217;s 141.5% profit jump rests on one-off items. Brokerage targets imply upside of roughly 17% to 20% for Adani Ports and 17% to 38% for Adani Power, but they are opinions, and this is educational and not a recommendation.<\/p>\n<\/p><\/div>\n<p>This article compares Adani Power vs Adani Ports vs Adani Enterprises on the Q2 FY27 numbers, separates real growth from one-offs, sets out what brokerages said about each target price, adds Adani Energy Solutions because brokerages included it in their top picks, and lists the risks, using prices at 11:14 AM IST.<\/p>\n<p>Three flags. Adani Enterprises profit appears as Rs 1,492 crore in some reports and Rs 1,220.99 crore in another, and revenue as Rs 38,023 crore or Rs 37,216 crore. Its targets date from 10 September, before the results. I could not open the original article naming four top picks, so the targets come from the individual brokerage reports I could read. It is educational and not advice.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_Share_Price_Snapshot_After_Q2\" title=\"Adani Power vs Adani Ports vs Adani Enterprises: Share Price Snapshot After Q2\">Adani Power vs Adani Ports vs Adani Enterprises: Share Price Snapshot After Q2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_Q2_Scorecard\" title=\"Adani Power vs Adani Ports vs Adani Enterprises: Q2 Scorecard\">Adani Power vs Adani Ports vs Adani Enterprises: Q2 Scorecard<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Adani_Ports_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_Steady_Growth_and_Raised_Guidance\" title=\"Adani Ports in Adani Power vs Adani Ports vs Adani Enterprises: Steady Growth and Raised Guidance\">Adani Ports in Adani Power vs Adani Ports vs Adani Enterprises: Steady Growth and Raised Guidance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Adani_Enterprises_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_Strong_Operations_Lower_Profit\" title=\"Adani Enterprises in Adani Power vs Adani Ports vs Adani Enterprises: Strong Operations, Lower Profit\">Adani Enterprises in Adani Power vs Adani Ports vs Adani Enterprises: Strong Operations, Lower Profit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Adani_Power_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_Headline_Profit_Versus_Core_Earnings\" title=\"Adani Power in Adani Power vs Adani Ports vs Adani Enterprises: Headline Profit Versus Core Earnings\">Adani Power in Adani Power vs Adani Ports vs Adani Enterprises: Headline Profit Versus Core Earnings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Adani_Energy_Solutions_The_Fourth_Name_Beside_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\" title=\"Adani Energy Solutions: The Fourth Name Beside Adani Power vs Adani Ports vs Adani Enterprises\">Adani Energy Solutions: The Fourth Name Beside Adani Power vs Adani Ports vs Adani Enterprises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#What_Brokerages_Say_on_Target_Price_and_Upside_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\" title=\"What Brokerages Say on Target Price and Upside in Adani Power vs Adani Ports vs Adani Enterprises\">What Brokerages Say on Target Price and Upside in Adani Power vs Adani Ports vs Adani Enterprises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#How_to_Compare_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_Without_Chasing_the_Best_Adani_Stock_to_Buy\" title=\"How to Compare Adani Power vs Adani Ports vs Adani Enterprises Without Chasing the Best Adani Stock to Buy\">How to Compare Adani Power vs Adani Ports vs Adani Enterprises Without Chasing the Best Adani Stock to Buy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Risks_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\" title=\"Risks in Adani Power vs Adani Ports vs Adani Enterprises\">Risks in Adani Power vs Adani Ports vs Adani Enterprises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Conclusion_Compare_the_Quality_of_Earnings_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\" title=\"Conclusion: Compare the Quality of Earnings in Adani Power vs Adani Ports vs Adani Enterprises\">Conclusion: Compare the Quality of Earnings in Adani Power vs Adani Ports vs Adani Enterprises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#In_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_which_company_had_the_steadiest_Q2_FY27\" title=\"In Adani Power vs Adani Ports vs Adani Enterprises, which company had the steadiest Q2 FY27?\">In Adani Power vs Adani Ports vs Adani Enterprises, which company had the steadiest Q2 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Why_did_Adani_Enterprises_profit_fall_55_in_Q2_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\" title=\"Why did Adani Enterprises profit fall 55% in Q2 in Adani Power vs Adani Ports vs Adani Enterprises?\">Why did Adani Enterprises profit fall 55% in Q2 in Adani Power vs Adani Ports vs Adani Enterprises?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#What_are_the_brokerage_target_prices_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\" title=\"What are the brokerage target prices in Adani Power vs Adani Ports vs Adani Enterprises?\">What are the brokerage target prices in Adani Power vs Adani Ports vs Adani Enterprises?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Is_Adani_Powers_1415_profit_growth_reliable_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\" title=\"Is Adani Power&#8217;s 141.5% profit growth reliable in Adani Power vs Adani Ports vs Adani Enterprises?\">Is Adani Power&#8217;s 141.5% profit growth reliable in Adani Power vs Adani Ports vs Adani Enterprises?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Why_is_Adani_Energy_Solutions_part_of_the_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_discussion\" title=\"Why is Adani Energy Solutions part of the Adani Power vs Adani Ports vs Adani Enterprises discussion?\">Why is Adani Energy Solutions part of the Adani Power vs Adani Ports vs Adani Enterprises discussion?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#How_much_debt_do_the_companies_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_carry\" title=\"How much debt do the companies in Adani Power vs Adani Ports vs Adani Enterprises carry?\">How much debt do the companies in Adani Power vs Adani Ports vs Adani Enterprises carry?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#What_does_upside_to_a_target_price_mean_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\" title=\"What does upside to a target price mean in Adani Power vs Adani Ports vs Adani Enterprises?\">What does upside to a target price mean in Adani Power vs Adani Ports vs Adani Enterprises?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts-views-targets-and-which-numbers-matter\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_Share_Price_Snapshot_After_Q2\"><\/span><strong>Adani Power vs Adani Ports vs Adani Enterprises: Share Price Snapshot After Q2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Power vs Adani Ports vs Adani Enterprises: stock (NSE, 11:14 AM IST)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Last price<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change on the day<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">52-week range<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Adani Enterprises<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,556.60<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 3.10% from Rs 2,479.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,753 to Rs 3,245<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Adani Ports<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,835<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 4.18% from Rs 1,761.30<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,292 to Rs 1,891.10<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Adani Power<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 187.54<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 1.60% from Rs 184.59<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 128.10 to Rs 254.20<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Adani Energy Solutions<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,328.40<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 2.66% from Rs 1,294<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 803.10 to Rs 1,789<\/td>\n<\/tr>\n<\/table>\n<p>All four stocks are higher on the day. In Adani Power vs Adani Ports vs Adani Enterprises, Adani Ports sits about 3% below its 52-week high, Adani Enterprises about 21% below Rs 3,245 and Adani Power about 26% below Rs 254.20 (my calculations).<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Compare Adani group stocks side by side on Univest<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_Q2_Scorecard\"><\/span><strong>Adani Power vs Adani Ports vs Adani Enterprises: Q2 Scorecard<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Power vs Adani Ports vs Adani Enterprises: Q2 item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Ports<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Enterprises<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Power<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 11,340 crore, up 24%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 38,023 crore, up 74%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 19,438.68 crore reported; adjusted Rs 16,500 crore, up 29%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 6,807 crore, up 23%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 6,316 crore, up 62%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Margin about 32%, down 305 bps<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,682 crore, up 18%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,492 crore, down 55%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 7,019.32 crore, up 141.5% with one-offs<\/td>\n<\/tr>\n<\/table>\n<p>These figures are not like for like, because ports, a diversified incubator and a power generator earn very different margins. In Adani Power vs Adani Ports vs Adani Enterprises, the most useful test is each company against its own past and the quality of its profit.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Adani Ports, Adani Power and Adani Enterprises.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Adani_Ports_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_Steady_Growth_and_Raised_Guidance\"><\/span><strong>Adani Ports in Adani Power vs Adani Ports vs Adani Enterprises: Steady Growth and Raised Guidance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Power vs Adani Ports vs Adani Enterprises: Adani Ports measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27 figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comment<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 11,340 crore, up 24%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Compares with Rs 9,167 crore a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 6,807 crore, up 23%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Margin about 60% (my calculation); Jefferies says it beat its estimate by 4%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,682 crore, up 18%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Compares with Rs 3,120 crore a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FY27 revenue guidance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 44,000 to Rs 46,000 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Raised by Rs 1,000 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FY27 EBITDA guidance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 26,000 to Rs 27,000 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Raised by Rs 1,000 crore<\/td>\n<\/tr>\n<\/table>\n<p>Revenue, EBITDA and profit all grew between 18% and 24%, which is what analysts mean by steady. Jefferies credits international ports for the EBITDA beat and expects free cash flow to grow above 20% a year over FY26 to FY31. The risk is the heavy capex, which needs throughput growth to continue.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Adani_Enterprises_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_Strong_Operations_Lower_Profit\"><\/span><strong>Adani Enterprises in Adani Power vs Adani Ports vs Adani Enterprises: Strong Operations, Lower Profit<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Power vs Adani Ports vs Adani Enterprises: Adani Enterprises measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27 figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comment<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 38,023.11 crore, up 74.07%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Another report gives Rs 37,216 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 6,316 crore, up 61.87%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">H1 EBITDA Rs 11,958 crore, up 56%, a record<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,492.04 crore, down 54.84%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Another report gives Rs 1,220.99 crore, down 64.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Copper (Mundra)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Pre-tax profit before interest Rs 1,038 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Against a loss of Rs 278 crore a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Airports<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA up 55% to Rs 1,641 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Pre-tax loss of Rs 290 crore after Navi Mumbai depreciation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net external debt to EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3.52x<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consolidated, as of 30 Sep 2026<\/td>\n<\/tr>\n<\/table>\n<p>The 55% fall in profit looks alarming next to a 62% rise in EBITDA, but the year-earlier quarter included an exceptional gain of Rs 3,583 crore from selling the remaining stake in AWL Agri Business, so the comparison base is unusually high. The two profit figures may be different measures, but I did not verify that, so check the filing.<\/p>\n<p>Operations improved because the copper smelter sold 80,600 tonnes against 11,800 tonnes, and airports EBITDA rose even though traffic fell about 6%. Adani New Industries EBITDA fell 7% to Rs 1,094 crore despite module sales up 35%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Adani_Power_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_Headline_Profit_Versus_Core_Earnings\"><\/span><strong>Adani Power in Adani Power vs Adani Ports vs Adani Enterprises: Headline Profit Versus Core Earnings<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Power vs Adani Ports vs Adani Enterprises: Adani Power measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27 figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comment<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reported net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 7,019.32 crore, up 141.5%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Includes a tax reversal and an investment-sale gain<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Adjusted revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 16,500 crore, up 29%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Brokerage figure; reported Rs 19,438.68 crore includes prior-period items<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Plant load factor<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">70%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Against 62.8% a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 32%, down 305 bps<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">JM Financial blames a 50% rise in imported coal landed cost<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 61,860 crore in one headline<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Another source gives net debt of Rs 45,845.92 crore<\/td>\n<\/tr>\n<\/table>\n<p>Operations were healthy: plant load factor rose from 62.8% to 70%, units sold grew 11%, and merchant realisations rose 33%. But the margin fell because imported coal got dearer, and Elara cut its FY27 estimates for capacity delays. The profit headline overstates the run rate, and debt figures differ by source.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Adani_Energy_Solutions_The_Fourth_Name_Beside_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\"><\/span><strong>Adani Energy Solutions: The Fourth Name Beside Adani Power vs Adani Ports vs Adani Enterprises<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Brokerages named Adani Energy Solutions alongside the three companies above, so it belongs in any best Adani stock to buy discussion. JM Financial&#8217;s Q2 note shows revenue of Rs 10,100 crore, up 53%, but an EBITDA margin of 31%, down 393 bps and below its estimate of 33.93%. Distribution losses improved to 3.3% from 5.2%.<\/p>\n<p>JM kept Buy with a target price of Rs 1,728, about 30.1% above today&#8217;s Rs 1,328.40 (my calculation). For contrast, it kept only Add on Adani Green with a target of Rs 1,356, about 8.5% upside, citing weak conditions for renewables, so one brokerage does not rate every group stock alike.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Brokerages_Say_on_Target_Price_and_Upside_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\"><\/span><strong>What Brokerages Say on Target Price and Upside in Adani Power vs Adani Ports vs Adani Enterprises<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Power vs Adani Ports vs Adani Enterprises: brokerage<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Rating<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Target price<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Upside from today&#8217;s price (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jefferies on Adani Ports (after Q2)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,180, up from Rs 2,160<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 18.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nomura on Adani Ports (after Q2)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,150, up from Rs 2,080<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 17.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">JM Financial on Adani Power<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 258, up from Rs 255<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 37.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Elara on Adani Power<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Accumulate<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 220<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 17.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">MOFSL on Adani Enterprises (10 Sep)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,880<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 51.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jefferies on Adani Enterprises (10 Sep)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 3,830<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 49.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">JM Financial on Adani Energy Solutions<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,728<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 30.1%<\/td>\n<\/tr>\n<\/table>\n<p>In Adani Power vs Adani Ports vs Adani Enterprises, the Adani Enterprises targets were published before the results, when the stock traded higher, so the 50% upside shown is not a fresh view. For Adani Power, JM values the stock at 18x September 2028 EV\/EBITDA and Elara at 12x FY29 EV\/EBITDA, which explains most of the gap between Rs 258 and Rs 220.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Compare_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_Without_Chasing_the_Best_Adani_Stock_to_Buy\"><\/span><strong>How to Compare Adani Power vs Adani Ports vs Adani Enterprises Without Chasing the Best Adani Stock to Buy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Power vs Adani Ports vs Adani Enterprises: question<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Ports<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Enterprises<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Adani Power<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Quality of Q2 profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">High: no one-offs reported<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Distorted by a high base year<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Low: one-offs lift the headline<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Growth driver<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">International ports and throughput<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Copper, airports, new energy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Capacity expansion and plant load factor<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Main pressure<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Capex of Rs 15,000 to 17,000 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net debt at 3.52x EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Imported coal cost and debt<\/td>\n<\/tr>\n<\/table>\n<p>No single row answers which is best, because the best Adani stock to buy depends on risk appetite and time horizon. Using the same questions for Adani Power vs Adani Ports vs Adani Enterprises each quarter shows which story is improving.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\"><\/span><strong>Risks in Adani Power vs Adani Ports vs Adani Enterprises<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>One-offs.<\/strong> In Adani Power vs Adani Ports vs Adani Enterprises, Adani Power&#8217;s profit is lifted by non-recurring gains, and Adani Enterprises&#8217; is lowered by a high base, so reported growth misleads in both directions.<\/li>\n<li><strong>Debt.<\/strong> In Adani Power vs Adani Ports vs Adani Enterprises, Adani Enterprises net external debt is 3.52x EBITDA and Adani Power&#8217;s debt figures are large, which raises sensitivity to interest rates.<\/li>\n<li><strong>Stale targets.<\/strong> In Adani Power vs Adani Ports vs Adani Enterprises, Adani Enterprises targets date from 10 September, so they may not reflect the Q2 numbers.<\/li>\n<li><strong>Execution.<\/strong> In Adani Power vs Adani Ports vs Adani Enterprises, delays in capacity additions already led Elara to cut Adani Power&#8217;s FY27 estimates.<\/li>\n<li><strong>Source differences.<\/strong> In Adani Power vs Adani Ports vs Adani Enterprises, profit, revenue and debt figures differ across reports, so check the exchange filings before relying on any one number.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_Compare_the_Quality_of_Earnings_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\"><\/span><strong>Conclusion: Compare the Quality of Earnings in Adani Power vs Adani Ports vs Adani Enterprises<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In Adani Power vs Adani Ports vs Adani Enterprises, Adani Ports has the cleanest quarter, Adani Enterprises the strongest operating growth with a distorted profit line, and Adani Power the weakest quality of profit. Brokerage targets are opinions to read alongside the filings and your own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"In_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_which_company_had_the_steadiest_Q2_FY27\"><\/span><strong>In Adani Power vs Adani Ports vs Adani Enterprises, which company had the steadiest Q2 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Adani Ports. Revenue rose 24% to Rs 11,340 crore, EBITDA rose 23% to Rs 6,807 crore and profit rose 18% to Rs 3,682 crore, with no one-offs reported. Management also raised FY27 revenue and EBITDA guidance by Rs 1,000 crore each.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Adani_Enterprises_profit_fall_55_in_Q2_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\"><\/span><strong>Why did Adani Enterprises profit fall 55% in Q2 in Adani Power vs Adani Ports vs Adani Enterprises?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The year-earlier quarter included an exceptional gain of Rs 3,583 crore from selling the remaining AWL Agri Business stake, which made the base very high. EBITDA rose about 62% to Rs 6,316 crore, and pre-tax profit rose 146% in one report.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_brokerage_target_prices_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\"><\/span><strong>What are the brokerage target prices in Adani Power vs Adani Ports vs Adani Enterprises?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> After Q2, Jefferies set Rs 2,180 and Nomura Rs 2,150 for Adani Ports, JM Financial Rs 258 and Elara Rs 220 for Adani Power, and JM Rs 1,728 for Adani Energy Solutions. Adani Enterprises targets of Rs 3,880 (MOFSL) and Rs 3,830 (Jefferies) date from 10 September.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Adani_Powers_1415_profit_growth_reliable_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\"><\/span><strong>Is Adani Power&#8217;s 141.5% profit growth reliable in Adani Power vs Adani Ports vs Adani Enterprises?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Not as a run rate. The reported Rs 7,019.32 crore includes a tax reversal and an investment-sale gain, and a brokerage put adjusted revenue growth at 29%. Operating signs such as plant load factor of 70% are healthier than the headline suggests.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Adani_Energy_Solutions_part_of_the_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_discussion\"><\/span><strong>Why is Adani Energy Solutions part of the Adani Power vs Adani Ports vs Adani Enterprises discussion?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Brokerages named it among top picks after Q2. JM Financial kept Buy with a target of Rs 1,728, though its EBITDA margin of 31% fell 393 bps and missed the brokerage&#8217;s estimate of 33.93%. That is a brokerage view and not a recommendation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_debt_do_the_companies_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises_carry\"><\/span><strong>How much debt do the companies in Adani Power vs Adani Ports vs Adani Enterprises carry?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Adani Enterprises reported consolidated net external debt of 3.52x EBITDA. Adani Power&#8217;s debt is quoted as Rs 61,860 crore in one headline and net debt of Rs 45,845.92 crore elsewhere, so check the filing. Adani Ports plans large capex.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_upside_to_a_target_price_mean_in_Adani_Power_vs_Adani_Ports_vs_Adani_Enterprises\"><\/span><strong>What does upside to a target price mean in Adani Power vs Adani Ports vs Adani Enterprises?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is the percentage gap between the brokerage&#8217;s target and the current price, for example about 18.8% for Jefferies&#8217; Rs 2,180 on Adani Ports at Rs 1,835. It depends on the brokerage&#8217;s assumptions and can change if the target is revised.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"In Adani Power vs Adani Ports vs Adani Enterprises, which company had the steadiest Q2 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Adani Ports. Revenue rose 24% to Rs 11,340 crore, EBITDA rose 23% to Rs 6,807 crore and profit rose 18% to Rs 3,682 crore, with no one-offs reported. Management also raised FY27 revenue and EBITDA guidance by Rs 1,000 crore each.\"}},{\"@type\":\"Question\",\"name\":\"Why did Adani Enterprises profit fall 55% in Q2 in Adani Power vs Adani Ports vs Adani Enterprises?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The year-earlier quarter included an exceptional gain of Rs 3,583 crore from selling the remaining AWL Agri Business stake, which made the base very high. EBITDA rose about 62% to Rs 6,316 crore, and pre-tax profit rose 146% in one report.\"}},{\"@type\":\"Question\",\"name\":\"What are the brokerage target prices in Adani Power vs Adani Ports vs Adani Enterprises?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"After Q2, Jefferies set Rs 2,180 and Nomura Rs 2,150 for Adani Ports, JM Financial Rs 258 and Elara Rs 220 for Adani Power, and JM Rs 1,728 for Adani Energy Solutions. Adani Enterprises targets of Rs 3,880 (MOFSL) and Rs 3,830 (Jefferies) date from 10 September.\"}},{\"@type\":\"Question\",\"name\":\"Is Adani Power's 141.5% profit growth reliable in Adani Power vs Adani Ports vs Adani Enterprises?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not as a run rate. The reported Rs 7,019.32 crore includes a tax reversal and an investment-sale gain, and a brokerage put adjusted revenue growth at 29%. Operating signs such as plant load factor of 70% are healthier than the headline suggests.\"}},{\"@type\":\"Question\",\"name\":\"Why is Adani Energy Solutions part of the Adani Power vs Adani Ports vs Adani Enterprises discussion?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Brokerages named it among top picks after Q2. JM Financial kept Buy with a target of Rs 1,728, though its EBITDA margin of 31% fell 393 bps and missed the brokerage's estimate of 33.93%. That is a brokerage view and not a recommendation.\"}},{\"@type\":\"Question\",\"name\":\"How much debt do the companies in Adani Power vs Adani Ports vs Adani Enterprises carry?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Adani Enterprises reported consolidated net external debt of 3.52x EBITDA. Adani Power's debt is quoted as Rs 61,860 crore in one headline and net debt of Rs 45,845.92 crore elsewhere, so check the filing. Adani Ports plans large capex.\"}},{\"@type\":\"Question\",\"name\":\"What does upside to a target price mean in Adani Power vs Adani Ports vs Adani Enterprises?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is the percentage gap between the brokerage's target and the current price, for example about 18.8% for Jefferies' Rs 2,180 on Adani Ports at Rs 1,835. It depends on the brokerage's assumptions and can change if the target is revised.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Adani Power vs Adani Ports vs Adani Enterprises after Q2 results: profit, EBITDA, brokerage target price and upside compared, plus Adani Energy Solutions and the risks.<\/p>\n","protected":false},"author":38,"featured_media":331376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[17638,17637,17634,5322,17635,17636,17631,17633,17639,17632],"class_list":["post-331377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-adani-brokerage-views","tag-adani-energy-solutions-target","tag-adani-enterprises-target-price","tag-adani-group-stocks","tag-adani-ports-target-price","tag-adani-power-target-price","tag-adani-power-vs-adani-ports-vs-adani-enterprises","tag-adani-q2-results-2026","tag-adani-stocks-after-q2","tag-best-adani-stock-to-buy"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["331376"],"rank_math_title":["Adani Power vs Adani Ports vs Adani Enterprises: Q2 Targets"],"rank_math_description":["Adani Power vs Adani Ports vs Adani Enterprises after Q2 results: profit, EBITDA, brokerage target price and upside compared, plus Adani Energy Solutions and the risks."],"rank_math_focus_keyword":["Adani Power vs Adani Ports vs Adani Enterprises"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/adani-power-vs-adani-ports-vs-adani-enterprises-after-q2-results-2026-experts.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/331377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=331377"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/331377\/revisions"}],"predecessor-version":[{"id":331378,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/331377\/revisions\/331378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/331376"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=331377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=331377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=331377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}