Skip to content
Search

Latest Stories

Adani Enterprises reports eight-fold increase in quarterly net profit

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 46 per cent to £39.85m, while revenue increased by 15 per cent to £212.32m.

Adani Enterprises reports eight-fold increase in quarterly net profit

ADANI Enterprises Ltd, the flagship company of billionaire Gautam Adani’s group, reported nearly an eight-fold increase in net profit for the July-September quarter, attributed to strong performance in its airports and new energy businesses, which helped offset weaker results in coal trading.

The company’s net profit rose to £15.9 million in the second quarter of the current fiscal year, marking a 663 per cent increase over the £2.08m profit from the same period last year, according to a company statement.


Earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 46 per cent to £39.85m, while revenue increased by 15 per cent to £212.32m.

The company noted that its core infrastructure businesses, excluding coal, experienced growth in both revenue and profit. The new energy division, under Adani New Industries Ltd, saw pre-tax profit increase by 78 per cent to £10.26m, and the airport segment’s earnings rose 31 per cent to £6.81m. Revenue growth was reported across both segments.

In mining services, EBITDA increased by 65 per cent to £3.66m during the quarter, while the coal trading business saw a decline in earnings to £17.53m from £18.89m, linked to lower revenues.

“AEL has achieved its highest half-yearly EBITDA of £79.22m, consistently supported by strong performance from its emerging core infrastructure businesses within the incubation portfolio,” the company stated.

Earlier this month, the company raised £38.45m through the sale of shares to qualified institutional investors.

Gautam Adani, Chairman of the Adani Group, highlighted the company’s continued focus on investments in logistics, energy transition, and other sectors key to India’s economic growth. He attributed the robust half-year results to Adani New Industries Ltd and Adani Airport Holdings Ltd, which have expanded capacity and improved asset utilisation.

“Further, AEL is set to replicate this growth across sectors such as data centres, roads, metals and materials, and specialised manufacturing, backed by innovative technology across its platforms to support this high-growth phase,” Adani said.

The firm also reported that solar module sales exceeded 2 GW in the first half of the fiscal year, with exports up 64 per cent and domestic sales more than doubling.

(With inputs from PTI)

More For You

‘All options on the table’ as Britain
prepares for likelihood of US tariffs

Sir Keir Starmer with Jonathan Reynolds

‘All options on the table’ as Britain prepares for likelihood of US tariffs

BRITAIN is likely to be hit by US tariffs despite making “rapid progress” over a trade deal with Washington, prime minister Sir Keir Starmer said on Tuesday (1).

He spoke as US trading partners around the world braced for an expected fresh raft of tariffs from president Donald Trump, in addition to levies already imposed on steel and those set to take effect this week on cars.

Keep ReadingShow less
single-use vapes-iStock

Analysis by Material Focus estimates that 8.2 million vapes are discarded or littered each week in the UK—equivalent to 13 every second. (Representational image: iStock)

iStock

Shops told to clear single-use vapes before ban starts on June 1

SHOPS across the UK have until 1 June 2025 to sell off remaining stocks of single-use vapes before a nationwide ban comes into force.

The legislation, confirmed last year, follows a government consultation that showed strong support for restricting their sale and supply.

Keep ReadingShow less
Primark-London-Getty

During his 15-year tenure, Marchant expanded Primark’s store network to more than 450 locations across 17 countries in Europe and the United States. (Photo: Reuters)

Primark chief Paul Marchant steps down after misconduct probe

PAUL MARCHANT, the head of fashion retailer Primark, has resigned with immediate effect after admitting to an "error of judgment" in his behaviour towards a woman in a social setting.

Associated British Foods (AB Foods), Primark's parent company, announced his resignation on Monday.

Keep ReadingShow less
Jaguar’s bold gamble: Can it woo young, wealthy drivers with a £123k EV?

Jaguar’s bold gamble: Can it woo young, wealthy drivers with a £123k EV?

JAGUAR’S ambition to seduce younger, richer drivers was on full display in Paris with a presentation of its newest prototype, the Type 00, which promises all-electric luxury... at a steep price.

The low-slung, muscular-looking concept car presented to European reporters last Friday (21) prefigures a production model expected mid-2026 at a base cost of €150,000 (£123,472.8).

Keep ReadingShow less
Starmer-Trump-Getty

Trump has suggested the possibility of a 'great' trade deal that could help the UK mitigate the impact of tariffs he has pledged to introduce. (Photo: Getty Images)

Starmer, Trump talk trade deal progress in 'productive' discussion

KEIR STARMER and Donald Trump spoke on Sunday about ongoing UK-US trade negotiations, with Downing Street describing the talks as "productive."

Since leaving the European Union, the UK has been working to secure a trade agreement with the United States. Successive British governments have pursued a deal, but it has remained elusive.

Keep ReadingShow less