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

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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