Adani Enterprises share price jumped 3% on Friday after the company announced its robust Q4 results for the fiscal year 2024–25 on May 1st, 2025. The company reported a net profit of ₹3,844.91 crore for Q4FY25, up sharply from ₹58 crore in Q3FY25, a quarter-on-quarter (QoQ) increase of 6,530%. Compared to ₹450.58 crore in the same period last year (Q4FY24), this reflects a year-on-year (YoY) increase of 753%. After adjusting for the ₹3,286 crore exceptional gain from the sale of a 13.5% stake in Adani Wilmar Ltd (AWL), the adjusted net profit stood at ₹1,313 crore, representing a QoQ surge of 2,163% and a YoY rise of 191%.
Gautam Adani, Chairman of the Adani Group, said, “Our robust performance in FY25 is a direct outcome of our strengths in scale, speed, and sustainability. As we scale up in energy transition, airports, data centres, and mining services, we are creating new market leaders that will drive India’s growth story for decades to come.”
The company announced plans to raise up to ₹15,000 crore through private placement, qualified institutional placement (QIP), preferential issue, or other methods as permitted under applicable laws. Additionally, the board recommended a dividend of ₹1.30 per fully paid equity share for FY25, pending approval at the upcoming Annual General Meeting (AGM).
Revenue and Operational Highlights
Revenue from operations declined 7.5% YoY to ₹26,965.86 crore in Q4FY25, down from ₹29,180 crore in the same period last year. However, it saw an 18% growth from ₹22,848 crore in the previous quarter. Total income for the full fiscal year breached the ₹1 trillion mark for the first time, rising 2.1% YoY to ₹1,00,365 crore.
| Metric | Q4 FY25 | Q3 FY25 | Q4 FY24 | QoQ Change (%) | YoY Change (%) |
|---|---|---|---|---|---|
| Revenue from Operations | ₹26,965.86 crore | ₹22,848 crore | ₹29,180 crore | 18% | -7.50% |
| Net Profit | ₹3,844.91 crore | ₹58 crore | ₹450.58 crore | +6,530% | 753% |
| EBITDA | ₹4,346 crore | ₹3,651 crore | ₹3,650 crore | 19% | 19% |
Fiscal Year 2024-25 Performance
For the full financial year ended March 31, 2025, AEL’s consolidated net profit more than doubled to ₹7,099 crore, up 119% from ₹3,240.78 crore in FY24. EBITDA for the year climbed 26% to ₹16,722 crore. Revenue from operations grew marginally by 2% to ₹97,894.75 crore. Expenses were also slightly higher, rising 1% YoY to ₹93,832 crore.
| Particulars | FY 25 | FY 24 | YoY Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹97,894.75 crore | ₹96,421 crore | 1.5% |
| Total Income | ₹1,00,365 crore | ₹98,305 crore | 2.1% |
| Net Profit | ₹7,099 crore | ₹3,240.78 crore | 119% |
| EBITDA | ₹16,722 crore | ₹13,275 crore | 26% |
| Expenses | ₹93,832 crore | ₹92,641 crore | 1.3% |
Business Segment Performance
The company’s performance was strongly supported by its incubating businesses under the Adani New Industries Ltd (ANIL) ecosystem, airports, and data centers:
- ANIL Ecosystem: EBITDA surged 73% in Q4 and more than doubled for FY25. Green hydrogen operations alone contributed ₹4,776 crore in EBITDA, more than doubling YoY. Module sales maintained a 1 GW per quarter run rate, and expansion is underway to raise solar cell and module capacity by 6 GW, taking it to 10 GW. Wind turbine capacity has been increased to 2.25 GW annually.
- Airports: The airport business posted a 43% rise in EBITDA for Q4 and 44% for FY25. Passenger traffic across its seven airports grew 7% YoY to 94.4 million. New routes and flights were added, and capacity enhancements are underway. The Navi Mumbai airport is set for inauguration soon.
- Mining Services: The Para coal block began operations and completed its first delivery. Mining services EBITDA tripled in Q4 and more than doubled for the year. Dispatches grew by 30% YoY.
- Data Centres: AdaniConnex made the Noida data centre operational with an initial 10 MW capacity, marking progress in digital infrastructure.
In contrast, AEL’s traditional coal trading segment saw a significant decline due to falling global coal prices and lower demand for imports. Segmental profit dropped 47% to ₹833 crore in Q4, with revenue declining 45% YoY. FY25 EBITDA for the coal business fell to ₹3,585 crore from ₹5,173 crore in FY24.
About Adani Enterprises Limited
Adani Enterprises Ltd (AEL) is the flagship company of the Adani Group, one of India’s largest and most diversified business conglomerates. The company works in sectors such as energy, transport and logistics, natural resources, and infrastructure. The company has played a key role in developing businesses like Adani Ports, Adani Power, Adani Green Energy, and Adani Transmission, which are now independently listed entities. With a strong focus on nation-building, AEL is currently leading projects in airport management, road construction, green hydrogen, and data centers.
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
