Adani Enterprises Soars with Record Profits Amid Energy and Airport Expansions

Adani Enterprises Ltd reported an extraordinary rise in net profit for the September quarter, driven by strong growth in its new energy and airport businesses, despite a setback in coal trading. With an almost eight-fold increase in profits, the firm also advanced its infrastructure projects and technology investments.

Adani Enterprises Ltd, a pivotal entity in billionaire Gautam Adani's business empire, reported an extraordinary surge in net profit during the September quarter. The increase, spanning nearly eightfold, was bolstered by robust performance from its airports and new energy divisions, effectively countering reduced earnings in its coal trading market.

The company's net profit for the July-September period of fiscal year 2024-25 rocketed 663 percent to Rs 1,741 crore, compared to Rs 228 crore during the same timeframe last year. Simultaneously, EBITDA climbed 46 percent to Rs 4,354 crore, with overall revenue reaching Rs 23,196 crore, marking a 15 percent rise.

Noteworthy growth in Adani New Industries Ltd and the airport segment contributed significantly, while mining services also saw substantial gains. However, the coal trading division experienced a revenue downturn. Adani Group continues to prioritize infrastructure investments, aiming to expand its greenfield project execution and capitalize on emerging market sectors.

(With inputs from agencies.)