Adani Enterprises Ltd (AEL), the flagship company of the diversified Adani Group, on Tuesday, reported an impressive 6.6 times net profit growth at Rs 1,741 crore in the second quarter this fiscal (Q2 FY25), from Rs 228 crore in the year-ago period.
Cement and building materials leader ACC Ltd, part of the diversified Adani Group, on Thursday reported the highest quarterly revenue at Rs 4,614 crore, up 4 per cent (year-on-year).
Adani Wilmar Ltd on Thursday reported its highest-ever half-yearly net profit at Rs 624 crore for the first six months of the current fiscal (FY25).
Adani Energy Solutions Ltd (AESL) on Monday reported an increase in its project pipeline from Rs 17,000 crore in the first quarter of the current fiscal to Rs 27,300 crore in the second quarter (Q2 FY25).
Adani Group has started blending green hydrogen in Ahmedabad with a view to cut emissions and meet net-zero targets.
The shares of Adani Group's portfolio of companies made a strong comeback on Wednesday, led by Adani Green Energy and Adani Ports, as the stock markets recovered from Tuesday's losses.
This move marks a significant step in the conglomerate's efforts to diversify into the fast-growing consumer markets of digital payments and e-commerce.
The firm will seek the approval of shareholders at the ensuing annual general meeting scheduled to be held on 24 June, it said.
The Adani Group companies’ stocks saw great momentum on Thursday as the Indian indices went through a sharp rally, with the flagship Adani Enterprises jumping 8 per cent to emerge as the top gainer.
Despite the reports, Adani Group’s market capitalisation gained over Rs 11,000 crore on Wednesday, taking its total market capitalisation to $200 billion (more than Rs 16.9 lakh crore).
