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Adani Enterprises Q3 Results: Profit nearly wiped out, falls 97% YoY to Rs 58 crore

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Adani Enterprises, the flagship company of Adani Group, saw its profit (attributable to owners) nearly wiped out in the third quarter ended December 2024.

The bottomline fell as much as 97% to Rs 58 crore, compared with Rs 1,888 crore in the last-year quarter.

Revenue from operations in the reporting quarter declined 9% year-on-year (YoY) to Rs 22,848 crore.

Following the results, the company’s shares plunged more than 4%, hitting the day’s low of Rs 2,220.35.

The company reported an EBITDA of Rs 3,071 crore, down 5% YoY. The same stood at Rs 3,227 crore in the December quarter of the previous fiscal.


On a sequential basis, the profit after tax also dropped 97% from Rs 1,742 crore posted in the second quarter of the current fiscal. Revenues, meanwhile, showed a marginal bump (1%) quarter-on-quarter.

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