Adani Enterprises share price flat; Abu Dhabi-based IHC Capital offloads 84.48 lakh shares; check details

Diversified group IHC Capital Holding, through its subsidiaries—Green Vitality RSC and Green Energy Investment Holding RSC—offloaded 84.48 lakh shares, or a 0.73% stake, in Adani Enterprises, as per the block deal data on the BSE.

The shares were disposed of at an average price of ₹2,168.1 apiece, taking the combined transaction value to ₹1,831.82 crore.

Meanwhile, Envestcom Holding RSC Ltd sold the same amount of shares in two tranches at the same price, PTI reported.

At 12:19 PM, Adani Enterprises shares were trading at ₹2,253.75 apiece on the NSE, rising 0.35%.

Adani Enterprises Q3 FY25 Results

The company reported a 97% drop in the third quarter net profit as key coal trading volumes were hit.

Net profit declined to ₹57.83 crore in October-December 2024—the third quarter of the April 2024 to March 2025 fiscal year (FY25)—from ₹1,888.45 crore in earnings a year back, the company said in a statement.

Revenue from operations declined 9% to ₹22,848.42 crore.

Pre-tax profit (EBITDA) from the coal trading segment, which contributes more than a third of overall revenue, halved to ₹745 crore as volumes fell.

The volume drop was primarily because of lower demand from the power sector, where the share of renewable energy sources has risen.

Third quarter profit was also impacted due to "high notional forex loss in finance cost of Australia mining due to depreciation of the Australian dollar," it said.

For the first nine months of the current fiscal year, net profit rose 17% to ₹3,254 crore, while total income was up 6% at ₹72,763 crore.

"This exceptional nine-month performance underscores Adani Enterprises Ltd's position as a powerhouse for nurturing transformative infrastructure and energy transition sectors," said Gautam Adani, Chairman of the Adani Group.

"Strong growth across our incubating businesses, from energy transition to logistics and adjacencies, highlights the immense potential of our core plus portfolio.

Adani Enterprises share price trend

Shares of the company have fallen over 30% over the past 12 months. In comparison, the benchmark NIFTY50 index has shed 0.61% during the window.