Adani Enterprises, a leading firm in the Adani Group, reported a remarkable 116% year-on-year increase in its net profit for the first quarter of the fiscal year 2024-25 (Q1FY25). The net profit for the quarter stood at ₹1,455 crore, up from ₹674 crore in the same period the previous year. The company’s revenue from operations also saw a significant rise, reaching ₹25,472 crore, a 12.5% increase compared to the previous year’s corresponding quarter.
The company’s operating margin expanded to 12.18% in Q1FY25, up from 9.92% in the year-ago period. A notable contributor to this growth was the ‘new energy ecosystem’ segment, which generated ₹4,457 crore in revenue, more than double the ₹1,918 crore reported in the previous year.
Following the announcement, shares of Adani Enterprises were up 1.2%, trading at ₹3,206.6 on the NSE.
In a business move, Adani Enterprises stated that they would transfer their entire food FMCG business with all the group undertakings, businesses, activities, and operations of the marketing, sales, and distribution of their food business, along with employees, the relevant assets, and liabilities. The transfer will also cover strategic investments in Adani Commodities LLP, which is a limited liability partnership firm to Adani Wilmar. The said transfer shall be completed through the allotment and issuance of equity shares by Adani Wilmar to shareholders of Ad.
Gautam Adani, Chairman of Adani Group, highlighted the growth and strategic direction of the company: “Adani Enterprises Ltd. is further expanding its position as India’s leading business incubator and a global model in infrastructure development. The stupendous performance by the ANIL ecosystem, our airport operations, and our road construction business powered the substantial growth in EBITDA and underpinned every commitment made towards operational excellence and sustainable value creation.”
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Source: Moneycontrol
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