Adani Enterprises Q1 net profit surges 116% to Rs 1,455 cr

Adani Enterprises reported on 1 August that its Q1FY25 net profit jumped to Rs 1,455 crore, growing over two-fold from Rs 674 crore in the same quarter a year ago. Revenue from operations rose 12.5 percent on-year to Rs 25,472 crore.

The Gautam Adani group firm's operating margin during the April-June quarter expanded to 12.18 percent from 9.92 percent in the corresponding quarter previous year, it said.

The company's revenue from the 'new energy ecosystem' swelled to Rs 4,457 crore in the first quarter, more than doubling from Rs 1,918 crore in the year-ago period.

Following the results, Adani Enterprises stock was trading up 1.2 percent at Rs 3,206.6 on NSE.

In a stock exchange filing, Adani Enterprises said it will transfer its entire food FMCG business, including all associated activities, assets, liabilities, and strategic investments in Adani Commodities LLP, to Adani Wilmar.Adani Wilmar will issue equity shares to the shareholders of Adani Enterprises as part of the arrangement.