Swiggy Reports ₹625.5 Cr Net Loss in Q2 Despite Revenue Growth
Adani Enterprises Q2 Results: Net Profit Soars 665% to Reach ₹1,742 Crore, Revenue Up 15.6%
Last Updated: 30th October 2024 - 04:23 pm
Adani Enterprises reported an almost eightfold increase in its net profit for Q2 FY25, reaching ₹1,742 crore compared to the same period last year. The conglomerate’s revenue from operations also grew by 16% to ₹22,608 crore in the second quarter. This surge in profit resulted from revenue growth outpacing the company’s expenditures.
Adani Enterprises Q2 Results Highlights
- Revenue: Rose by 15.6% in the second quarter of FY 2024-25, reaching ₹22,608.07 crore, up from ₹19,546.25 crore in Q2 FY24.
- Net Profit: Net profit reached ₹1,741.75 crore for the quarter ending September 2024, a significant increase from ₹227.8 crore in the same period of the previous fiscal year.
- EBITDA: Increased by 45.8% to ₹3,694 crore, up from ₹2,533 crore in the same quarter last year. Additionally, the margin improved by 340 basis points, reaching 16.3%.
- PBT: Increased by 137% YoY to ₹4,644 crore.
Adani Enterprises Management Commentary
Gautam Adani, Chairman of the Adani Group, said, "Adani Enterprises Ltd (AEL) continues to focus on investing in logistics, energy transition and adjacent sectors that are core to the economic growth of the country. This record-breaking half-year performance has been led by Adani New Industries Ltd (ANIL) and Adani Airport Holdings Ltd (AAHL) with their rapid growth in capacity additions and asset utilisation."
"Our focus on execution of greenfield projects in ANIL across three giga scale integrated manufacturing plants and the accelerated development of Navi Mumbai International Airport are driving these robust results," he added.
He also stated that Adani Enterprises will replicate its turbo growth in segments such as data centres, roads, metals & materials and specialized manufacturing. "AEL continues to invest in innovative technology across its platforms to support this high growth phase," Adani said.
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Stock Market Reaction
After the earnings announcement, Adani Enterprises' share price closed 1.5% higher at ₹2,842 each on the NSE. On the BSE, the stock finished at ₹2,841.4, marking a 1.4% increase.
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About Adani Enterprises
Adani Enterprises Ltd (Adani), part of the Adani Group, operates as a diversified conglomerate with interests spanning coal mining, coal logistics, solar module manufacturing, and edible oil production. Its coal mining segment covers mining, processing, acquisition, exploration, and development of mining assets, with active mines in India, Indonesia, and Australia. Beyond mining, Adani’s portfolio extends to airports, road infrastructure, water management, data centers, solar manufacturing, defense and aerospace, edible oils and foods, integrated resource solutions, and agri-products. The company also runs advanced controlled-atmosphere storage facilities within India.
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