Adani Enterprises' revenue expanded to ₹37,216 crore, driven by copper sales surging to 80.6 kilotonnes alongside stronger by-product pricing for sulphuric acid. Although reported net profit dropped, profit before tax and exceptional items more than doubled to ₹2,002 crore from ₹814 crore in the prior-year period. Across other segments, the airport business grew income by 20% despite lower passenger traffic, while integrated resource management volumes fell 34%. Following the earnings announcement, company shares dipped 1.21% to close at ₹2,459.80.
Key points
Management plans to invest between ₹35,000 crore and ₹40,000 crore annually in airports,…: Management plans to invest between ₹35,000 crore and ₹40,000 crore annually in airports, data centres, and the Mundra PVC project.
Operational growth is increasingly driven by industrial expansion, including a 240 MW hyp…: Operational growth is increasingly driven by industrial expansion, including a 240 MW hyperscale order for the AdaniConnex data-centre business.
Solar module manufacturing capacity has reached 10 GW as the company transitions from ass…: Solar module manufacturing capacity has reached 10 GW as the company transitions from asset construction to long-term value realization.
Sources checked by our analysis pipeline: 1
Revenue from operations increased to ₹37,216 crore from ₹21,248 crore a year earlier. Profit in the year-ago quarter was boosted by an exceptional gain of ₹3,583 crore. Profit before exceptional items and tax rose to ₹2,002 crore from ₹814 crore.
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The ramp-up of its copper business was a key contributor to the increase in revenue. Copper sales volume rose to 80.6 kilotonnes in the September quarter from 11.8 kilotonnes a year earlier. For the first half, sales increased 5.2 times to 145.3 kilotonnes. The company cited higher by-product prices, particularly sulphuric acid, alongside the ramp-up in utilisation.
The airport business reported a 20% increase in income to ₹3,786 crore, although passenger traffic fell 6% to 21.2 million. The company said non-aeronautical revenue rose 57% in the quarter. In contrast, Adani New Industries' income increased 15% to ₹3,669 crore, but its operating earnings declined 7%. Solar module sales rose 35% to…
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