Winning Bizness Desk

Mumbai. Following the Q2 FY25 results, Adani Enterprises shares saw a notable surge, climbing 3.74% by market close on Wednesday, October 30. The company’s stock rose by Rs 106, closing at Rs 2,955 on the Bombay Stock Exchange (BSE). In the July-September quarter of FY25, Adani Enterprises reported a remarkable increase in net profit, which surged eight-fold year-over-year to Rs 1,742 crore. This is a significant rise compared to the consolidated net profit of Rs 228 crore reported in the same quarter last year.

Revenue Sees 16% Growth, Reaching Rs 22,608 Crore

Adani Enterprises’ revenue also grew considerably in Q2 FY25, increasing by 16% to reach Rs 22,608 crore, up from Rs 19,546 crore in the same period of the previous fiscal year. The company announced these quarterly results on October 29, reflecting strong overall growth and resilience across its sectors.

Stock Performance: Adani Shares Rise 29% Over the Year

Post-earnings, Adani Enterprises stock experienced a 3.74% uptick, closing at Rs 2,955. Over the past month, the stock has dipped by 5.77%, and has seen a 3.26% decline over the last six months. However, year-to-date, the stock has gained 1.30%, and over the past 12 months, it has climbed 28.53%. This performance has bolstered Adani Enterprises' market capitalization, which now stands at Rs 3.42 lakh crore.

Adani to Raise ₹2,000 Crore via NCDs

In addition to its strong Q2 performance, Adani Enterprises announced plans to raise Rs 2,000 crore by issuing non-convertible debentures (NCDs). These NCDs will be offered through a public issuance in one or more installments, providing the company with further capital to support its growth initiatives. Earlier in October 2024, Adani Enterprises raised Rs 4,200 crore from institutional investors through a Qualified Institutional Placement (QIP), where Quant Mutual Fund emerged as the largest investor. In other developments, the Board of Adani Enterprises decided to withdraw its draft scheme of arrangement with Adani Wilmar. Initially approved in August 2024, the decision to withdraw was made to ensure Adani Wilmar meets the regulatory requirements for minimum public shareholding.

Background: Adani Enterprises Founded in 1988

Established in 1988 by Gautam Adani, Adani Enterprises Limited is a flagship entity of the Adani Group, led by Chairman Gautam Adani, Managing Director Rajesh Adani, and CEO Vinay Prakash. The company is widely recognized as India’s largest business incubator, specializing in various high-growth sectors including energy and utilities, transportation and logistics, consumer goods, and primary industries. Its portfolio also includes large-scale projects across energy and infrastructure sectors, driving economic growth and job creation across India. With a strong focus on long-term growth, the company remains committed to expanding its portfolio through strategic investments and diversification. This quarter’s results further solidify Adani Enterprises' position as a significant player in India’s business landscape.