Adani Enterprises, the flagship firm of Adani Group, has recorded a massive 664% surge in net profits in the July-September quarter. Profits leaped to ₹1,741 crore up from a mere ₹228 crore in the same period last year.
The net profit stood at ₹3,196 crore in the first half of fiscal year 2024-25. Or both quarters of April-June and July-September, marking a cumulative jump of 254% over the same period last year.
Revenue-wise, Adani Enterprises said consolidated income came in at ₹23,196 crore for the three months to September. That represents a 15% rise compared with the same period a year earlier. For the six months, therefore, the total income was up 14% at ₹49,263 crore.
The company also said it achieved an all-time-high half-yearly EBITDA of ₹8,654 crore. This is the result of healthy performance from its emerging core infrastructure businesses- part of its “incubation portfolio.”
Adani Group Chairman Gautam Adani said, “Adani Enterprises remains committed to investing in logistics, energy transition, and other key businesses that play a vital role in the country’s economic growth.” He added, “This record performance is mainly contributed by Adani New Industries Ltd. and Adani Airport Holdings Ltd., which have seen accelerated capacity addition and utilization.“
So, Adani further mentioned that their commitment to executing projects on the green field. Especially in ANIL, entails three integrated giga-scale manufacturing plants. Besides, fast development about Navi Mumbai International Airport contributed substantially to such excellent results.
On the outlook, Gautam Adani said Adani Enterprises expects to sustain the high growth trajectory in businesses about data centers, roads, metals, materials, and specialized manufacturing. The company is making further investments in innovative technologies across its platforms to meet this phase of growth.
Adani Enterprises Ltd. (AEL) is the flagship company of the Adani Group, which is one of the largest business houses in India. Over these years, AEL has focused on developing emerging infrastructure businesses to play a major role in national development. And has successfully divested several into separate listed companies.
In view of this good performance, the financial results remarkably pinpoint the importance of Adani Enterprise in leading infrastructure growth for India. While innovating and creating sustainable businesses across sectors.
ANI