Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Wednesday reported a 54 per cent year-on-year decline in consolidated net profit to Rs 1,492 crore — yaani about Rs 14.9 billion — in the second quarter of FY27, compared with Rs 3,304 crore in the same quarter last year, despite a sharp increase in revenue, The Hindu BusinessLine reported.

Source: The Hindu BusinessLine

Revenue from operations surged 75.14 per cent to Rs 37,215.62 crore from Rs 21,248.51 crore a year earlier. The profit comparison was shaped by exceptional gains: the company recorded nil exceptional gains in the September quarter against Rs 3,583.28 crore of gains a year back, Upstox reported from the exchange filing. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 66.59 per cent to Rs 5,509 crore, with an EBITDA margin of 14.8 per cent against 15.56 per cent a year earlier.

Source: Upstox

Rs 37,215.62 croreRevenue from operations, up 75.14%
Rs 1,492.04 croreConsolidated profit attributable to owners, down 54.84%
Rs 5,509 croreEBITDA, up 66.59%
Rs 14,772 croreCopper business revenue, up 11-fold

The copper business drove the revenue jump, with its revenue rising 11-fold to Rs 14,772 crore. Integrated Resources Management revenue rose 6.6 per cent to Rs 7,097 crore, commercial mining revenue rose 45 per cent to Rs 2,489 crore, the New Energy Ecosystem business rose 13 per cent to Rs 3,572 crore and airports revenue rose 15 per cent to Rs 3,698 crore, BusinessLine reported.

Two businesses shrank. Mining services revenue fell 7 per cent year-on-year to Rs 985 crore, and roads revenue fell sharply by 74 per cent to Rs 430 crore in the quarter, according to the segment figures in the results coverage.

Shares of Adani Enterprises were trading 0.72 per cent lower at Rs 2,472 on the National Stock Exchange at 2:15 pm IST after the results, and the company's market capitalisation stood at Rs 3,34,567.94 crore — yaani about Rs 3.35 lakh crore — Upstox reported.