Adani Enterprises' profit in the July-September quarter rose nearly eight times year-on-year to Rs. 1,742 crores. In the same quarter a year ago, the company's consolidated net profit was Rs. 228 crore was.
Also, Adani Enterprises' revenue (revenue) rose 16% to Rs 22,608 crore in the second quarter. In the same quarter a year ago, revenue was Rs. 19,546 crores. The company has announced the results for the second quarter of the financial year 2024-25 on October 29.
Shares of Adani Enterprises rose about 2%
After the results, shares of Adani Enterprises rose 1.55% to Rs. closed at 2842. Along with this, the market cap of the company has also increased to 3.28 lakh crore rupees.
The company's shares have fallen nearly 9% in the past one month. Its shares have fallen 7% in the last 6 months. It has given investors 24% returns in the last one year.
Company NCD through Rs. 2,000 crore will be collected
The company issued Non-Convertible Debentures i.e. NCDs of Rs. 2,000 crore has also been decided to be raised. The NCD will be announced in one or more stages through a public issue.
Earlier, in October 2024, Adani Enterprises through QIP raised Rs. 4,200 crore raised, with Quant Mutual Fund emerging as the largest investor.
Adani Enterprises was established in 1988
Adani Enterprises Limited is a part of the Adani Group of Companies. Gautam Adani founded the enterprise in 1988. The Chairman of the company is Gautam Adani, the Managing Director is Rajesh Adani and the CEO is Vinay Prakash.
The company works on energy and infrastructure projects. Adani Enterprises is the largest business incubator in the country. The company operates in Energy & Utilities, Transportation & Logistics, Consumer Goods and Primary Industries sectors.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
