Adani Enterprises Q2 Results: Adani Enterprises, led by Gautam Adani, reported a remarkable 664.5% surge in its consolidated net profit for the quarter ending September 2024, reaching ₹1,741.75 crore, compared to ₹227.8 crore in the same quarter last year. Revenue from operations rose by 15.66% to ₹22,608.07 crore, up from ₹19,546.25 crore in Q2 FY24.
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The company also saw its EBITDA grow by 45.8%, climbing to ₹3,694 crore from ₹2,533 crore in the previous year, with the EBITDA margin increasing by 340 basis points to 16.3%. Profit before tax (PBT) experienced a substantial year-on-year increase of 137%, totaling ₹4,644 crore.
In a significant financial move, the Board of Adani Enterprises approved the issuance of non-convertible debentures (NCD) amounting to ₹2,000 crore in one or more tranches. This decision reflects the company’s strategy to strengthen its financial position.
Following the earnings announcement, Adani Enterprises shares saw positive market movement, closing up 1.5% at ₹2,842 on the NSE, and 1.4% higher at ₹2,841.4 on the BSE.
Chairman Gautam Adani emphasized the company’s commitment to investing in logistics and energy transition sectors, crediting the record-breaking performance to the growth of Adani New Industries Ltd (ANIL) and Adani Airport Holdings Ltd (AAHL). He expressed confidence in replicating this growth across various sectors, including data centers and specialized manufacturing.