After the results of the second quarter of FY 2024-25, the stock of Adani Enterprises saw a rise of 3.74% today i.e. Wednesday (30 October). The stock of the company closed at Rs 2,955 with a gain of Rs 106. In fact, in the July-September quarter, the profit of Adani Enterprises increased almost eight times year-on-year to Rs 1,742 crore. The consolidated net profit of the company was Rs 228 crore in the same quarter a year ago. Adani Enterprises’ revenue increased by 16% to Rs 22,608 crore
At the same time, Adani Enterprises’ income (revenue) in the second quarter has increased by 16% to Rs 22,608 crore. The revenue in the same quarter a year ago was Rs 19,546 crore. The company has released the results for the second quarter of FY 2024-25 on 29 October. Adani Enterprises stock rose nearly 30% in a year
After the second quarter results of FY 2024-25, Adani Enterprises stock rose 3.74% and closed at 2,955. Adani’s stock has fallen 5.77% in a month and 3.26% in the last six months. At the same time, this year i.e. till January 1, the stock has risen 1.30% and 28.53% in a year. With this, the market cap of the company has also increased to Rs 3.42 lakh crore. The company will raise Rs 2,000 crore through NCD
The company has also decided to raise Rs 2,000 crore by issuing non-convertible debentures i.e. NCDs will be issued in one or more installments through public issue. Earlier, in October 2024, Adani Enterprises had raised Rs 4,200 crore from institutional investors through QIP, in which Quant Mutual Fund emerged as the largest investor. Draft Scheme of Arrangement with Adani Wilmar withdrawn
The board of Adani Enterprises has decided to withdraw the Draft Scheme of Arrangement with Adani Wilmar, which was approved in August 2024. Adani Wilmar has to meet the minimum public shareholding norms, due to which this decision has been taken. Adani Enterprises was founded in 1988
Adani Enterprises Limited is a part of the Adani Group of Companies. Enterprises was founded by Gautam Adani in 1988. The company is headed by Gautam Adani, Managing Director Rajesh Adani and CEO Vinay Prakash. The company works on energy and infrastructure projects. Adani Enterprises is the largest business incubator in the country. This company works in the field of Energy & Utility, Transportation & Logistics, Consumer Goods and Primary Industry. Also read this news related to business… Maruti Suzuki’s profit fell 17% on an annual basis: Profit of ? 3,069 crore in the second quarter, was ? 3717 crore in Q2 last year; share fell 6% Maruti Suzuki has made a profit (standalone net profit) of Rs 3,069 crore in the second quarter (July-September) of the financial year 2024-25. There has been a decline of 17% on an annual basis (YoY). The company had a profit of Rs 3717 crore in the July-September quarter a year ago. Read full news…
