After the results of the second quarter of the financial year 2024-25, the shares of Adani Enterprises are seeing a rise of more than 4% today i.e. Wednesday (30 October). The company's shares are trading at Rs 2,972 with a rise of Rs 123.
In fact, in the July-September quarter, the profit of Adani Enterprises increased almost eight times on an annual basis to Rs 1,742 crore. The company's consolidated net profit in the same quarter a year ago was Rs 228 crore.
Adani Enterprises' revenue increased by 16% to Rs 22,608 crore At the same time, the income (revenue) of Adani Enterprises in the second quarter has increased by 16% to Rs 22,608 crore. Revenue in the same quarter a year ago was Rs 19,546 crore. The company has released the results for the second quarter of the financial year 2024-25 on October 29.
Adani Enterprises shares rose nearly 30% in a year After the results, shares of Adani Enterprises closed at Rs 2842 with a rise of 1.55% yesterday (Tuesday, October 29). The stock is rising for the second consecutive day and is trading at Rs 2,980 with a gain of 4.61%.
Adani shares have fallen 4.97% in one month and 2.45% in the last six months. At the same time, this year i.e. till January 1, the stock has risen 2.15% and 29.62% in a year. With this, the market cap of the company has also increased to Rs 3.44 lakh crore.
After the quarterly results, Adani Enterprises shares are trading at Rs 2971 with a rise of 4.30% today (30 October) at 1:26 pm.
Company will raise Rs 2,000 crore through NCD The company has also decided to raise Rs 2,000 crore by issuing non-convertible debentures i.e. NCDs. NCDs will be issued in one or more tranches through public issue.
Earlier, in October 2024, Adani Enterprises had raised Rs 4,200 crore from institutional investors through QIP, with Quant Mutual Fund emerging as the largest investor.
Draft Scheme of Arrangement with Adani Wilmar withdrawn The board of Adani Enterprises has decided to withdraw the draft scheme of arrangement with Adani Wilmar, which was approved in August 2024. Adani Wilmar will have to fulfill the rules of minimum public shareholding, due to which this decision has been taken.
Adani Enterprises was established in 1988 Adani Enterprises Limited is a part of the Adani Group of companies. Gautam Adani founded Enterprises in 1988. The company's chairman is Gautam Adani, managing director is Rajesh Adani and CEO is Vinay Prakash.
The company works on energy and infrastructure projects. Adani Enterprises is the country's largest business incubator. This company works in the fields of Energy and Utility, Transportation and Logistics, Consumer Goods and Primary Industry.
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