Adani Enterprises Q2: Net Profit Soars Multifold To Hit Rs 1,747 Crore
The flagship company of the Adani Group said its total income climbed 15 per cent to Rs 23,196 crore in the quarter ended September 30, 2024, as against Rs 20,095 crore logged in Q2FY24
Adani Enterprises Ltd on Tuesday reported a massive jump in its profit after tax in the second quarter earnings for the current fiscal year. The company logged a profit of Rs 1,747 crore in the July-September quarter in the 2024-25 fiscal year (FY25), in comparison to Rs 228 crore clocked in the corresponding period a year earlier.
The flagship company of the Adani Group said its total income climbed 15 per cent to Rs 23,196 crore in the quarter ended September 30, 2024, as against Rs 20,095 crore logged in the second quarter in the 2023-24 fiscal year (FY24).
The company raised Rs 4,200 crore via QIP which was subscribed with participation from international and domestic investors. The firm, along with its subsidiaries, raised Rs 3,874 crore via the issuance of Non-Convertible Debentures (NCD).
Elaborating on the results, Gautam Adani, Chairman, 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.”
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The company's consolidated EBITDA soared 47 per cent to touch Rs 8,654 crore in the quarter under review, backed by robust operational performance exhibited by the Adani New Industries Ltd (ANIL) ecosystem and Airports.
“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. Further, AEL is poised to repeat this turbo growth across data centres, roads, metals & materials and specialized manufacturing. AEL continues to invest in innovative technology across its platforms to support this high growth phase," the Chairman stated.
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