Adani Enterprises Q2 profit rises sevenfold to ₹1,742 cr

Net profit of Adani Enterprises, the diversified flagship company of the Adani Group, jumped over sevenfold to ₹1,741 crore for the quarter ended September, up 663% compared with ₹228 crore in the year-ago period.

The company's revenue from operations rose 16% year-on-year to ₹22,608 crore in the second quarter.

Operating profit or earnings before interest, tax, depreciation and amortisation (EBITDA) increased 46% to ₹4,354 crore in Q2 FY25 from ₹2,979 crore in the corresponding quarter last year.

Adani Enterprises recorded its highest half-yearly EBITDA of ₹8,654 crore which is consistently supported by strong performance from emerging core infra businesses under its incubation portfolio. The emerging core infra businesses has recorded half-yearly EBITDA of ₹5,233 crore with an increase of 85% on year-on-year basis on back of robust operational performance.

“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,” says Gautam Adani, chairman of the Adani Group.

“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,” says Adani.

Airports business revenue increased 17% year-on-year to ₹2,247 crore in Q2 compared with ₹1,906 crore in the corresponding period last year. Adani New Industries’ revenue jumped 61% to 3,115 crore during the quarter.

In solar manufacturing business, module sales cross 2 gigawatt during first six months; export increased by 64% and domestic sale increased by 139% on Y-o-Y basis. EBITDA margins continued to improve on account of improved realisation and operational efficiency through integrated production of cell and module line, the company says.

Adani Enterprises says its constant endeavour on achieving operational efficiency across all business verticals along with incubating new asset base is reflected yet again in these results.

Earlier this month, Adani Enterprises raised ₹4,200 crore ($500 million) via qualified institutional placement (QIP) route to support its growth plans. The proceeds from the QIP will be utilised for funding capital expenditure, debt repayment and general corporate purposes.