Adani Enterprises shares jump over 5% as net profit zooms eight-fold

The stock soared 5.11% to ₹2,986.90 on the BSE.

At the NSE, it surged 4.87% to ₹2,987.50.

Adani Enterprises Ltd -- the flagship firm of billionaire Gautam Adani's conglomerate -- on Tuesday posted nearly an eight-fold rise in net profit in the September quarter on strong earnings from airports and new energy units that offset the drag from coal trading business.

Net profit of ₹1,741 crore in July-September -- the second quarter of current 2024-25 fiscal year -- was up 663% over ₹228 crore earning in the same period of last year, a company statement said.

EBITDA (earnings before interest, taxes, depreciation, and amortization) was up 46% at ₹4,354 crore, while revenue rose 15% to ₹23,196 crore.

Except for the coal business, the firm's other main businesses saw growth in both top and bottom line.

Stock price performance

Shares of Adani Enterprises Ltd were running up over 4.26% to ₹2970 apiece on the NSE today at 01:18 pm. The stock opened at ₹2864 and touched an intraday high of ₹2987.50, in the session so far.

About Adani Enterprises Ltd

Adani Enterprises Ltd has business interests in various economic areas such as mining, integrated resources management (IRM), infrastructure such as airports, roads, rail/ metro, water, data centres, solar manufacturing, agro and defence.