Business Business:Adani Enterprises on Tuesday announced a 664 per cent year-on-year (YoY) rise in its consolidated net profit for the September quarter to ₹1,742 crore compared to ₹228 crore in the same period last year. ॐAdani Group Chairman Gautam Adani said, “Adani Enterprises Limited (AEL) continues to focus on investments in logistics, energy transition and adjacent sectors, which are critical to the country's economic growth. This record-breaking half year performance was led by Adani New Industries Limited (ANIL) and Adani Airport Holdings Limited (AAHL), which have accelerated capacity addition and asset utilisation.”
Net Profit and Revenue
The Adani Group flagship company reported a 664% year-on-year (YoY) rise in its consolidated net profit for the September quarter at ₹1,742 crore compared to ₹228 crore in the same period last year.
The company's operating revenue for the reported quarter reached ₹22,608 crore, registering a growth of 16 per cent as compared to ₹19,546 crore in the corresponding quarter of the previous financial year.
EBITDA
ADITDA grew 47 per cent to ₹8,654 crore, driven by continued strong operational performance of Adani New Industries Limited (ANIL) ecosystem and airports.
AEL has achieved record half-year EBITDA of ₹8,654 crore due to strong performance in its emerging core infrastructure businesses within its incubation portfolio. These emerging core infrastructure businesses recorded half-yearly EBITDA of ₹5,233 crore, showing growth of 85 per cent year-on-year, supported by strong operating performance.
QIP
Additionally, Adani Enterprises has announced plans to raise ₹2,000 crore by issuing non-convertible debentures (NCDs). According to the company, these NCDs will be offered through public issue in one or more tranches. “Our focus on execution of greenfield projects at ANIL across three giga scale integrated manufacturing plants and accelerated development of Navi Mumbai International Airport is driving these strong results. Additionally, ANIL is expanding its portfolio in Data Centre, Road, Metals & Materials and Specialty Manufacturing “AEL continues to invest in innovative technology across its platforms to support this high growth phase,” Adani further said.
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