Adani Enterprises shares surged by 3.86%, trading at ₹2,958.50 on the NSE as of 10:52 am, following the announcement of robust Q2 FY25 results. The company reported a nearly eightfold YoY increase in net profit, reaching ₹1,742 crore, driven by a 16% growth in revenue from operations to ₹22,608 crore. This growth has been attributed to revenue outpacing expenditure, contributing to the substantial profit increase.
Additionally, Adani Enterprises announced plans to withdraw the draft scheme of arrangement with Adani Wilmar to address compliance requirements related to Minimum Public Shareholding (MPS). The company also approved raising ₹2,000 crore through non-convertible debentures (NCDs) in multiple tranches. The stock has gained 24% over the past year, bringing Adani Enterprises’ market capitalization to ₹3.29 lakh crore.
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