New Delhi6 minutes ago
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Adani Enterprises’ profit in the July-September quarter has 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.
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 2%
After the results, the shares of Adani Enterprises increased by about 2% to Rs 2850. With this, the market cap of the company has also increased to Rs 3.29 lakh crore.
The company’s shares have fallen by about 9% in the last one month. Its share has declined by 7% in the last six months. In the last one year it has given 24% returns to investors.
Company will raise Rs 2,000 crore through NCD
Adani Enterprises has also decided to raise Rs 2,000 crore by issuing non-convertible debentures. The company said that the 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.
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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