Adani Enterprises Q4 Results Highlights: Net profit falls 39% to ₹449 crore, ₹1.3 dividend announced

The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, data center, roads and primary industries like copper and petrochem.

Adani New Industries Ecosystem

Solar manufacturing

• India’s first large-sized monocrystalline ingot and wafer unit of 2 GW capacity operational
• The TopCon Cell line of 2.0 GW became operational in March 2024

Wind Turbine manufacturing

• Order Book at 254 sets
• Provisional Type Certificate received from WindGuard Certification GmbH for Prototype 2 using ANIL blades
• ANIL 5.2MW WTG recognized as Bronze winner among the up to 5.6 MW capacity WTGs globally by Windpower

AdaniConnex Pvt Ltd (ACX - Data Center)

• Noida Data Center: Construction completion ~81% of 50MW core and shell +10 MW MEP (Mechanical, Electrical & Plumping works)
• Hyderabad Data Center: Construction Completion ~88% for Phase I - 9.6 MW
• Pune Data Center: Pune I ~10% and Pune II ~18% for Phase I - 9.6 MW

Order Book & Awards

• 210+ MW Order book from Hyperscale & Enterprise customers
• AdaniConneX’s AI based safety analytics tool has been honored with Gold SKOCH ESG Award 2024
• AdaniConneX’s Hyderabad site first in India to receive Five-star grading from British safety council

Adani Airports Holdings Ltd (AAHL - Airports)

• Air passenger traffic showed a strong growth of 19% in FY24
• Inaugurated Phase I of Integrated terminal 3 of Lucknow airport
• During the quarter 10 New Routes, 7 New Airlines and 18 New Flights added
• Mumbai Airport won the Cargo Airport of the Year – India Award - The STAT Times International Award for Excellence in Air Cargo demonstrates the best in quality of service and performance

• Adani New Industries Limited (ANIL) Solar manufacturing division has successfully commissioned India’s first largesized monocrystalline ingot and wafer unit of 2 GW capacity
• Adani’s copper unit under Kutch Copper Ltd commissioned the 500 KTPA greenfield copper refinery project showcasing the Adani Group's ability to plan and execute largescale projects in record time
• Adani Airports inaugurated Phase I of Integrated terminal 3 of Lucknow Airport
• AdaniConneX’s orderbook increased to 210 MW from 112 MW

Following the result announcement, Chairman of the Adani Group, Gautam Adani, said, “Adani Enterprises has once again validated its position not only as the premier business incubator in India but also as a global leader in infrastructure development,"

AEL’s resilient growth model of incubation confirms the operational and organizational excellence. This is supported by high ratings and fully funded growth. Our commitment to excellence in project management and operations continues to set global benchmarks, ensuring sustainable long-term value creation for our stakeholders. We remain dedicated to corporate governance, meticulous compliance, robust performance and effective capital flow management."

• EBIDTA stood at ₹3,646 crore vs ₹3,974 crore in Q4 FY23 (Q4 FY23 included cumulative EBIDTA of ₹1,038 crore for 3 HAM Projects in Road business)
• Profit before tax (PBT) stood at ₹1,322 crore vs ₹1,554 crore in Q4 FY23 in line with above • ANIL Ecosystem EBIDTA increased by 6.2x to ₹641 crore • Airports EBIDTA grew by 130% to ₹662 crore

• EBIDTA increased by 32% to ₹13,237 crore
• PBT increased by 56% to ₹5,640 crore
• ANIL Ecosystem EBIDTA increased by 4.6x to ₹2,296 crore
• Airports EBIDTA grew by 45% to ₹2,437 crore
• Air Passenger Traffic increased by 19% to 88.6 million

The revenue for the January-March quarter that ended on March 31, 2024 rose marginally by nearly 1% to ₹29,180 crore vs ₹28,943 crore in the year-ago period. This was largely due to 1.75% decline in the revenue of integrated resource management segment which contributes majority of the revenue to the company.

Following the Q4 result announcement, Adani Enterprises gave up intraday gains to trade in red. As of 3:10 pm, Adani Enterprises stock was at ₹3,035, down 0.64% compared to previous day's close.

Adani Ports and Special Economic Zone Limited, a Adani Group company, said that Mudra port handed 7.4 million TEUs (twenty-foot equivalent units) in the previous fiscal, which is 15% higher than its nearest competitor.

The stock was trading 1% higher at ₹1,338 on the NSE. On the BSE, the scrip was at ₹1339, up 1%.

• AdaniConneX sets benchmark with construction financing framework of USD 1.44 billion

• Adani’s copper unit in Mundra begins operations

• AdaniConneX’s Hyderabad site gets five-star grading from British Safety Council

• Adani Defence & Aerospace inaugurates South Asia’s largest Ammunition & Missiles Complex

Shares of Adani Ports and Special Economic Zone Limited, which is part of Adani Group, were trading 0.8% higher after the company's net profit increased 76.2% to ₹2,040 crore vs ₹1,158 crore in the year-ago period.

• Stock Price: 3,099.2 (1.4%)
• Open: 3,071
• High: 3,104
• Low: 3,061
• Previous close: 3,054
• Total m-cap: 3,53,314
• Free float m-cap: 80,282

• Airports
• Roads
• Water management
• Data centers
• Solar manufacturing
• Defence and aerospace
• Edible oils and foods
• Mining
• Integrated resource solutions
• Integrated agri products

• Gautam Adani- Chairman
• Rajesh Adani- Managing Director
• Pranav Adani- Director
• Vinay Prakash- Director
• Hemant Nerurkar- Independent and Non-Executive Director
• V Subramanian- Independent and Non-Executive Director
• Vijaylaxmi Joshi- Independent and Non-Executive Director
• Dr Omkar Goswami- Independent and Non-Executive Director

Adani Enterprises Limited (AEL) is a part of the Adani portfolio of companies with a focus on four core sectors: energy and utility, transportation and logistics, consumer goods, and primary industry.

Since its inception, AEL has successfully incubated and listed six highly successful companies, including Adani Ports and Special Economic Zone Limited, Adani Power Limited, Adani Transmission Limited, Adani Green Energy Limited, Adani Total Gas Limited, and Adani Wilmar Limited.

• Stock Price: 3,086.2 (1%)
• Open: 3,071
• High: 3,092
• Low: 3,061
• Previous close: 3,054
• Total m-cap: 3,51,832
• Free float m-cap: 80,787.8