Adani Enterprises Ltd Share Price – NSE  / BSE

Trading, Large Cap

Adani Enterprises Ltd is up for a third straight session today. The stock is quoting at Rs 2975, up 4.44% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 24444.3. The Sensex is at 80286.14, down 0.1%. Adani Enterprises Ltd has slipped around 6.63% in last one month.

Meanwhile, Nifty Metal index of which Adani Enterprises Ltd is a constituent, has slipped around 8.03% in last one month and is currently quoting at 9338.75, up 0.68% on the day. The volume in the stock stood at 19.58 lakh shares today, compared to the daily average of 13.09 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 2967.3, up 4.29% on the day. Adani Enterprises Ltd is up 29.65% in last one year as compared to a 28.12% jump in NIFTY and a 45.71% jump in the Nifty Metal index.

The PE of the stock is 114.67 based on TTM earnings ending June 24.

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Profit before tax (PBT) surged 204.5% YoY to Rs 2408.89 crore in Q2 FY25.

EBITDA stood at Rs 4,354 crore in Q2 FY25, registering the growth of 46% as compared with Rs 4,354 crore in Q2 FY24. EBITDA margin stood at 46% in Q2 FY25.

In Adani New Industries (ANIL) Ecosystem business, solar manufacturing module sales cross 2 GW during first six months; export increased by 64% and domestic sale increased by 139% on Y-o-Y basis. EBITDA margins continued to improve on account of improved realization and operational efficiency through integrated production of cell & module line.

In Data Centre business, construction of Noida Data Centre completed around 95% of 50MW core & shell and 10 MW MEP, the Hyderabad Data Centre's Phase I (9.6MW) is 98% finished. In Pune, Data Centre I is 38% complete and Data Centre II is 61% complete for their respective Phase I (9.6MW).

Under Adani Airports Holdings, the company added 6 new routes, 6 new airlines and 13 new flights during the quarter.

Gautam Adani, chairman of the Adani Group, said, “Our focus on execution of greenfield projects in ANIL across three giga scale integrated manufacturing plants and the accelerated development of Navi Mumbai International Airport are driving these robust results. Further, AEL is poised to repeat this turbo growth across data centres, roads, metals & materials and specialized manufacturing. AEL continues to invest in innovative technology across its platforms to support this high growth phase.”

Meanwhile, the company’s board has granted approval for public issuance of non-convertible debentures (NCDs) for an amount not exceeding Rs 2,000 crore in one or more tranches,

Further, the board has decided to withdraw the draft scheme of arrangement among Adani Enterprises and Adani Wilmar and their respective shareholders & creditors. It noted that Adani Wilmar (AWL) requires to fulfill its compliance obligations regarding Minimum Public Shareholding (MPS). During the period in which AWL is implementing the MPS strategy in accordance with the relevant SEBI Circulars, in order to offer directional clarity to shareholders, the draft Scheme is hereby withdrawn.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India's largest business conglomerates. The company's business investments are centred on the fields of airport management, technology parks, roads, data centre and water infrastructure.

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Net profit of Adani Enterprises rose 664.53% to Rs 1741.75 crore in the quarter ended September 2024 as against Rs 227.82 crore during the previous quarter ended September 2023. Sales rose 15.66% to Rs 22608.07 crore in the quarter ended September 2024 as against Rs 19546.25 crore during the previous quarter ended September 2023.

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The Board of Adani Enterprises at the meeting held on 29th October 2024 has decided to withdraw the draft Scheme of Arrangement among Adani Enterprises Limited and Adani Wilmar Limited and their respective shareholders & creditors (“draft Scheme”) that was approved by the Board in their meeting held on 1st August, 2024.

The Board noted that Adani Wilmar Limited (AWL) requires to fulfill its compliance obligations regarding Minimum Public Shareholding (MPS). During the period in which AWL is implementing the MPS strategy in accordance with the relevant SEBI Circulars, in order to offer directional clarity to shareholders, the draft Scheme is hereby withdrawn.

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