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Adani Enterprises reports nearly 8-fold rise in FY25 Q2 net profit
Millennium Post Delhi
|October 30, 2024
Adani Enterprises Ltd, the flagship firm of Adani Group, on Tuesday posted nearly an eight-fold rise in net profit in Q2 FY25 on strong earnings from airports and new energy units that offset the drag from coal trading business.
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Net profit of Rs 1,741 crore in July-September—the second quarter of current 2024-25 fiscal year—was up 663 per cent over Rs 228 crore earning in the same period of last year, a company statement said.
EBITDA was up 46 per cent at Rs 4,354 crore while revenue rose 15 per cent to Rs 23,196 crore. Except for the coal business, the firm's other main businesses saw growth in both top and bottom line.
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