Adani Enterprises: Adani Enterprises Q4 results: Net profit up 7x on exceptional gains
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Mumbai: Adani Enterprises on Thursday posted a more than seven-fold jump in consolidated net profit for the fiscal fourth quarter at ₹3,845 crore, boosted by an exceptional gain from the sale of its stake in Adani Wilmar The Adani Group flagship company recorded an exceptional gain of ₹3,945.7 crore for the January-March period, after also taking a loss of ₹88 crore related to its Mundra Solar PV operations. A year earlier, it had posted an exceptional loss of ₹627.4 crore.Post taxes, the exceptional gain was ₹3,286 crore, implying that the company's profit would have been ₹559.7 crore without this gain. This compares to a consolidated profit of ₹449 crore a year earlier.Total income fell 7% on year to ₹27,602 crore in the March quarter, while earnings before interest, tax, depreciation and amortisation (Ebitda) rose 19% to ₹4,346 crore.In the Adani New Industries ecosystem, under which the group invests in green energy and sustainable technologies, sales of modules rose 24% to 990 MW in the past quarter. Passenger movements in its airports business rose 6% from a year earlier to 24.7 million, while construction of roads rose 1.4 times to 694.6 km.In its integrated resources management business, the company saw volumes slump 38% on year to 15.3 million metric tonnes, while mining services posted a 30% rise in dispatch to 14.0 MMT.For fiscal 2024-25, revenues rose 2% to ₹1 lakh crore, while Ebitda jumped 26% to ₹16,722 crore. The Ebitda was driven by continued strong operational performance from incubating businesses, the company said in a statement. Profit for the year more than doubled to ₹7,112 crore."Our robust performance in FY25 is a direct outcome of our strengths in scale, speed and sustainability," group chairman Gautam Adani was quoted in a news release. "As we scale up in energy transition, airports, data centres and mining services, we are creating new market leaders that will drive India's growth story for decades to come," he said. Adani Enterprises ' net external debt rose to ₹49,306 crore at the end of March from ₹30,966 crore a year earlier. Net debt to Ebitda ratio rose to 2.9 from 2.3.Its gross debt during the period rose to ₹76,236 crore from ₹50,124 crore, with the airports, copper and roads businesses seeing the sharpest rise. Between the three businesses, debt rose by more than ₹21,000 crore.The stock market was shut on Thursday for Maharashtra Day. On Wednesday, its shares ended at ₹2,297.7 on the BSE, down 1.4% from the previous close.
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