Adani Enterprises shares tumble 5% as Q3 revenue almost evaporated, plunging 97%

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Shares of Adani Enterprises tumbled 5% on Thursday to Rs 2,202 on the BSE after the corporate posted a near-total wipeout of its revenue for the third quarter ended December 2024. The flagship agency of the Adani Group reported a staggering 97% year-on-year (YoY) drop in revenue (attributable to house owners) at Rs 58 crore, in comparison with Rs 1,888 crore in the identical quarter final 12 months.

The corporate’s income from operations within the reporting quarter slid 9% YoY to Rs 22,848 crore, whereas its earnings earlier than curiosity, taxes, depreciation, and amortization (EBITDA) fell 5% YoY to Rs 3,071 crore, down from Rs 3,227 crore within the year-ago interval.

On a sequential foundation, the revenue after tax (PAT) confirmed a dramatic 97% decline, down from Rs 1,742 crore within the earlier quarter. Nevertheless, income noticed a modest 1% development quarter-on-quarter.

Regardless of the sharp downturn in revenue, the corporate’s different revenue rose 33% YoY to Rs 652 crore, in comparison with Rs 490 crore in the identical interval final 12 months. Whole bills dropped 1% YoY, amounting to Rs 22,925 crore within the October-December interval, down from Rs 23,180 crore within the earlier 12 months.

Within the nine-month interval, Adani Enterprises reported a 6% improve in income to Rs 72,763 crore, whereas its PAT grew 17% YoY to Rs 3,254 crore, reflecting sturdy efficiency in its infrastructure and power transition sectors.

“This distinctive nine-month efficiency underscores Adani Enterprises Ltd’s place as a powerhouse for nurturing transformative infrastructure and power transition sectors,” mentioned Gautam Adani, Chairman of the Adani Group.Phase-wise, Adani New Industries noticed a 38% YoY rise in revenue to Rs 2,941 crore, whereas its revenue earlier than tax elevated 26% YoY to Rs 691 crore. The photo voltaic manufacturing section posted 3.3 GW of gross sales, pushed by a 20% improve in exports and a 176% surge in home gross sales.”EBITDA margins continued to rise on account of improved realization and operational effectivity by built-in manufacturing of cell and module traces,” the corporate said.

Within the wind sector, Adani New Industries listed a brand new 3.3 MW WTG mannequin within the RLMM, increasing its wind enterprise choices to 4 listed fashions.

For Adani Airports, whole revenue elevated 33% YoY to Rs 2,939 crore, whereas its PBT surged 160% to Rs 237 crore within the quarter ended December 2024. The Navi Mumbai Airport moved nearer to changing into operational after conducting its first industrial flight validation take a look at, and the corporate added 14 new routes, 4 new airways, and 9 new flights through the quarter.

“Sturdy development throughout our incubating companies, from power transition to logistics and adjacencies, highlights the immense potential of our core plus portfolio. These outcomes are a testomony to our give attention to execution, operational excellence, innovation and sustainability as we proceed to set new benchmarks throughout sectors,” mentioned Gautam Adani.

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(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t signify the views of Financial Instances)

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