5 min read | Updated on August 01, 2024, 17:40 IST
SUMMARY
Adani Enterprises Q1 Results: Gautam Adani-led Adani Enterprises reported a 115.8% increase in its consolidated net profit to ₹1,454.5 crore for the first quarter of the financial year 2024-25. In the year-ago period, the net profit was ₹673.9 crore.
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Adani Enterprises Q1 results
Adani Enterprises, the flagship entity of ports-to-power conglomerate Adani Group, posted a massive 115.8% year-on-year (YoY) jump in Q1FY25 net profit at ₹1,454.5 crore. The company's revenue from operations increased 12.4% YoY to ₹25,472.4 crore.
The live coverage session has concluded. Below are the key highlights.
Adani Enterprises Q1 Results: Here are the key metrics
Revenue increased by 12.4% year-on-year (YoY) to ₹25,472.4 crore primarily driven by strong operational performance by Adani New Industries Limited (ANIL) Ecosystem and Airports
Net profit increased by 115.8% YoY to ₹1,454.5 crore
EBITDA up 47% YoY at ₹3,705 crore
Margin at 14.6%
Adani Enterprises Q1 Results Live Update at 3:50 pm: Shares of Adani Enterprises settled 1.7% higher at ₹3,225.1 on the NSE.
Adani Enterprises Q1 Results Live Update at 3:26 pm: Here's what Gautam Adani said on Q1 results
"Adani Enterprises Ltd (AEL) is further expanding its position as India's leading business incubator and a global model in infrastructure development," said Gautam Adani, Chairman of the Adani Group.
He added, "The substantial growth in our EBIDTA, driven by the exceptional performance of the ANIL ecosystem, our airport operations and our road construction business, underscores our commitment to operational excellence and sustainable value creation. The combination of best-in-class management practices, state-of-the-art technologies, high ratings and fully-funded growth strategies, ensures that AEL continues to set new national and international benchmarks."
Adani Enterprises Q1 Results Live Update at 3:20 pm: Gautam Adani-led Adani Enterprises reported a 115.8% increase in its consolidated net profit to ₹1,454.5 crore for the first quarter of financial year 2024-25. In the year-ago period, the net profit was ₹673.9 crore.
Adani Enterprises Q1 Results Live Update at 3:15 pm: The consolidated revenue from operations increased 12.4% to 25,472.4 crore in Q1 FY25 as compared to ₹22,644.4 crore in the corresponding period last year.
Key highlights of 'Adani New Industries Ecosystem'
Adani Enterprises shared key metrics of the performances linked to its wholly-owned subsidiary - Adani New Industries - which covers businesses linked to green hydrogen, solar modules and wind turbine manufacturing.
Solar manufacturing
Module sales increased by 125% on year-on-year basis at 1379 MW; export increased by 109% and domestic sale increased by 151%.
EBITDA margins improved on account of lower cost from TopCon cell line which became operational on 31st March 2024, and lower raw material costs.
Successfully operated at full capacity of 4 GW for both cell and module line.
Wind turbine manufacturing
Application to Revised List of Models & Manufacturers (RLMM) listing made for 5.2 MW prototype 2 using ANIL blades
Final type certificate received for 3 MW WTG and applied for RLMM listing
200th Blade production milestone crossed during this quarter
Key highlights of airports and road businesses
Adani Airports Holdings Ltd
Air passenger movement crossed 90mn for the first time on TTM basis
25 new brands added at Lucknow airport in the first quarter after terminal 3 inauguration
During the quarter 8 new routes, 6 new airlines and 13 new flights added
Adani Road Transport Ltd
Highest ever 730 lane-km construction done during this quarter
Ganga Expressway construction crosses half-way mark
Three out of ten under construction projects are more than 80% complete
Adani Enterprises Q1 Results Live Update at 3:02 pm: Board of Directors
Gautam Adani- Chairman
Rajesh Adani- Managing Director
Vinay Prakash- Director
Pranav Adani- Director
V Subramanian- Independent and Non-Executive Director
Hemant Nerurkar- Independent and Non-Executive Director
Dr Omkar Goswami- Independent and Non-Executive Director
Vijaylaxmi Joshi- Independent and Non-Executive Director
Adani Enterprises Q1 Results Live Update at 2:03 pm: Trading stats
Current price: ₹3,227.1 (+1.8%)
Open: ₹3,180
High: ₹3,244.8
Low: ₹3,151.7
Adani Enterprises Q1 Results Live Update at 1:31 pm: Shares of Gautam Adani-led firm were trading 1.4% higher at ₹3,213.9 on the NSE.
Adani Enterprises Q1 Results Live Update at 12:55 pm: About the company
Adani Enterprises Limited is a part of the Adani portfolio of companies with a focus on four sectors: energy and utility, transportation and logistics, consumer goods, and primary industry.
Adani Enterprises Q1 Results Live Update at 12:12 pm: Apart from Adani Enterprises, Adani Ports and SEZ Ltd, which is also part of Adani Group, will declare its quarterly results today.
Adani Enterprises Q1 Results Live Update at 10:36 am: Adani Enterprises businesses
Airports
Roads
Water management
Data centers
Solar manufacturing
Defence and aerospace
Edible oils and foods
Mining
Integrated resource solutions
Integrated agri products
Adani Enterprises Q1 Results Live Update at 10:36 am: The total capitalisation of Adani Enterprises stands at ₹3,62,828 crore, while the free float market cap is ₹83,548 crore.
Adani Enterprises Q1 Results Live Update at 10:00 am: Trading stats
Current price: ₹3,188 (+0.59%)
Open: ₹3,180
High: ₹3,199
Low: ₹3,161
Adani Enterprises Q1 Results Live Update at 9:21 am: Shares of Gautam Adani-led firm were trading 0.3% higher at ₹3,180.5 on the NSE.
Adani Enterprises Q1 Results LIVE: Adani Enterprises will release its financial results for the first quarter of fiscal year 2024-25 (Q1 FY25) on Thursday, August 1.
Other companies that will release their Q1 results today include Tata Motors, Sun Pharmaceuticals, ITC, Adani Ports & SEZ, Zomato, Dabur India, Aditya Birla Capital, Kalyan Jewellers India, Thermax and Triveni Engineering & Industries
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.