Q4 Results: Adani Enterprises’ net profit rises 7.5 times in fourth quarter
New Delhi| Adani Enterprises Limited, the parent company of Adani Group, released the fourth quarter results on Thursday. According to the company, its net profit has increased by a factor of 7.5. This increase is due to profit from selling stake in consumer goods business and strong growth in solar and manufacturing sectors.
According to a company statement, it made a net profit of Rs 3,845 crore during the fourth quarter January to March of the financial year 2024-25. The company’s profit in the same period a year ago was Rs 450.58 crore. This increase in profit was due to an amount of Rs 3,286 crore from selling the company’s stake in Wilmer. The company’s net profit after adjusting the one-time profit from the Wilmer stake sale stood at Rs 1,313 crore.
According to the company, its strong performance was made possible by the growth in incubator businesses – solar and wind manufacturing and airport business. EBITDA for these two businesses increased by 73 per cent and 44 per cent, respectively, during the quarter. Thereby consolidated EBITDA increased by 19 per cent to Rs 4,346 crore in the fourth quarter. This performance by emerging infrastructure businesses offset the losses caused by falling commodity, mainly coal prices and volumes, which decreased by 38 per cent on an annual basis. The mining business saw a 30 per cent growth on a year-wise basis during the quarter. A net profit of Rs 7,099 crore was recorded for the entire FY 2024-25 (FY25) compared to Rs 3,240.78 crore in the previous FY.
Group Chairman Gautam Adani said, “At Adani Enterprises, we are building businesses that will chart the way forward for India’s infrastructure and energy sector”. Our stellar performance in FY2025 is a direct result of our strength in scale, speed and stability. Impressive growth in our incubating businesses, disciplined execution, future-focused investment and commitment to operational excellence, innovation and sustainability are our strengths” He said that as the company expands its energy business, airports, data centers and mining services, it is creating new market leaders. These will take India’s development story forward in the coming decades.
The company said it was increasing its solar manufacturing capacity by 150 percent, or 6 gigawatts, to 10 gigawatts. The company has already secured financial arrangements of Rs 5,500 crore for capacity expansion. The company has also increased wind power capacity from 1.5 gigawatts to 2.5 gigawatts. This will increase income in the coming quarters. Talking about airports, the number of passengers traveling at the seven airports controlled by Adani Group has increased by 7 percent. It has added 12 new routes and eight new flights. Apart from capacity expansion, other developments and enhancement of consumer amenities at its airports, AEL will also operate Navi Mumbai airports.
