Informist, Thursday, Jul. 31, 2025

MUMBAI – Adani Enterprises Ltd.'s bottom line for the June quarter nearly halved on year as revenue declined at the sharpest pace in at least seven quarters because of fall in revenue from resource management services and new energy operations. Earnings for the quarter were weak due to fall in trade volume and volatility in index prices in its resource management and commercial mining segments, the company said in a press release.

The flagship Adani group company reported a consolidated net profit of INR 7.34 billion, down nearly 50% on year. The bottom line fell 81% from INR 38.45 billion in the preceding quarter. The company reported a consolidated revenue of INR 219.61 billion, down 14% on year and 19% sequentially. Other income for the quarter was lower at INR 4.75 billion compared with INR 5.94 billion a year ago.

Total expenses of the company fell 12% on year and 20% sequentially to INR 209.70 billion in the reporting quarter. The main reason for the decline in total expenses was a 27% on-year and 33% on-quarter fall in purchases of stock-in-trade to almost INR 74 billion. Operating and other expenses for the quarter fell 6% on year to INR 70.17 billion. Raw material costs nearly doubled on year but fell over 5% sequentially to INR 33.93 billion.

The company's consolidated earnings before interest, tax, depreciation, and amortisation fell to INR 37.86 billion from INR 43 billion a year ago. However, its operating margin rose 289 basis points on year to 15.07% on a consolidated basis.

The sharp fall in the company's revenue for the quarter was due to weak performance of resources management services segment, which is the biggest contributor to the company's top line. Revenue of the segment plunged 27% on year to INR 78.79 billion. Revenue of its new energy segment, the second biggest contributor to the top line, fell 11% on year to INR 39.83 billion. Revenue of its commercial mining segment fell over 32% on year to INR 11.08 billion.

Revenue of its roads business fell 15% on year to INR 21.68 billion. Among the segments that showed growth, revenue of its airports business rose over 26% on year to INR 27.17 billion. Mining services sales grew to INR 11.54 billion from INR 8.60 billion a year ago.

On the operational front, the company sold 1.35 gigawatt in module sales during the June quarter under its Adani New Industries ecosystem, down 2% on year. It sold 35 wind turbine generator sets during the quarter, compared to 41 sets in the year-ago period. Its airports business clocked a 3% rise in passenger footfall and 4% rise in cargo volumes during the quarter. Under its mining business, the company dispatched 12.1 million tonnes of materials during the quarter, up 30%.

Shares of the company, which were trading around 2% lower ahead of its earnings, fell further after the announcement and ended the session 4% lower at INR 2,430.70. End

Edited by Ashish Shirke

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