SEBI-Registered RA Firm - Adani Enterprises shines on reporting over 5- fold jump in Q2 consolidated net profit

Adani Enterprises is trading at Rs. 2957.55, up by 116.10 points or 4.09% from its previous closing of Rs. 2841.45 on the BSE.

The scrip opened at Rs. 2860.05 and touched a high and low of Rs. 2969.00 and Rs. 2817.90 respectively. So far 57731 shares have been traded on the counter.

The BSE group 'A' stock of face value Rs. 1 touched a 52-week high of Rs. 3743.00 on 03-Jun-2024 and a 52-week low of Rs. 2142.30 on 20-Nov-2023.

The last one-week high and low of the scrip were Rs. 2969.00 and Rs. 2655.40, respectively. The company's current market cap is Rs. 337280.46 crore.

The promoters holding in the company stood at 74.89%, while Institutions and Non-Institutions held 17.75% and 7.36% respectively.

Adani Enterprises has reported a 17.56?ll in net profit at Rs 627.99 crore for the second quarter ended September 30, 2024 (Q2FY25) as compared to Rs 761.79 crore for the same quarter in the previous year. However, the total income of the company increased by 0.24% at Rs 6,945.73 crore for Q2FY25 as compared to Rs 6,928.98 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 5- 5-fold jump in its net profit at Rs 1989.19 crore for the quarter ended September 30, 2024, as compared to Rs 333.34 crore for the same quarter in the previous year. The total income of the company increased by 15.43% at Rs 23196.18 crore for Q2FY25 as compared to Rs 20094.92 crore for the corresponding quarter previous year.