Adani Enterprises reports an 88% YoY decline in Q3FY25 net profit to ₹228.64 crore. Total income also falls 8% to ₹23,500 crore.
Adani Enterprises, the flagship company of the Adani Group based in India, reported a sharp decline in its Q3FY25 financial results for the quarter ending December 2024. The company’s consolidated net profit plummeted by 88% year-over-year, falling to ₹228.64 crore from ₹1,972.75 crore in the same quarter last year. Sequentially, the profit dropped 88.5% from ₹1,989 crore in the September quarter.
The company also reported a steep decline in profit attributable to its owners, which fell 97% to ₹58 crore from ₹1,888 crore in Q3FY24. Total income for the quarter decreased by 8% to ₹23,500 crore compared to ₹25,540 crore in the year-ago period. However, on a sequential basis, income remained almost flat, showing only a slight increase from ₹23,196 crore in Q2FY25.
In terms of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), Adani Enterprises reported ₹3,071 crore, down 5% year-on-year from ₹3,227 crore in the previous fiscal’s December quarter. However, the company did report a positive uptick in other income, which increased by 33% YoY to ₹652 crore, up from ₹490 crore in Q3FY24.
Total expenses saw a marginal 1% decline to ₹22,925 crore in the October-December period, compared to ₹23,180 crore in the corresponding quarter of the previous fiscal year.
Stock Price Reaction
Following the earnings announcement on January 29, 2025, Adani Enterprises’ stock dropped by 5%, reaching its day’s low of ₹2,202. The stock has now fallen over 41% from its 52-week high of ₹3,743, which was recorded in June 2024. However, it has gained 8.5% from its 52-week low of ₹2,030, which was seen in November 2024. Over the past year, the stock has lost approximately 25% of its value and is down more than 12% in January 2025 alone.
Adani Enterprises is a key player in the Indian infrastructure and energy sectors, with a diversified portfolio spanning across ports, power generation, and other critical infrastructure sectors.