📝 Introduction
Adani Enterprises delivered a blockbuster performance in Q4 FY25, posting a massive 752% YoY surge in net profit fueled by a ₹3,286 crore one-time gain from the stake sale in Adani Wilmar. While revenue saw a modest decline, core operating metrics and emerging verticals like green energy, airports, and mining services reported strong growth, reaffirming the company’s robust long-term outlook.
💡 Financial Highlights
- Net Profit jumped 752% YoY to ₹4,015 crore in Q4 FY25 from ₹451 crore in Q4 FY24.
- Operating Profit (EBIT) rose to ₹3,710 crore vs ₹3,195 crore last year, +16% YoY.
- Revenue declined 8% YoY to ₹26,966 crore due to lower IRM volumes.
- EBITDA increased 19% YoY to ₹4,346 crore (Q4 FY24: ₹3,646 crore).
- Exceptional gain: ₹3,286 crore from Adani Wilmar stake sale.
- EPS surged to ₹33.31 in Q4 FY25 from ₹3.95 YoY.
💰 Dividend Announcement
- Interim Dividend Declared: ₹1.30 per share for FY25
- Record Date: June 13, 2025
- Payment Date: On or after June 30, 2025
- Taxation: Subject to applicable tax deductions
📈 Key Financial Metrics
| Metric | Q4 FY25 | Q4 FY24 | YoY Change | Q3 FY25 | QoQ Change |
|---|---|---|---|---|---|
| Revenue (₹ Cr) | 26,966 | 29,180 | -8% | 22,848 | 18% |
| Expenses (₹ Cr) | 23,256 | 25,985 | -10% | 19,778 | 18% |
| Operating Profit (₹ Cr) | 3,710 | 3,195 | 16% | 3,070 | 21% |
| PBT (₹ Cr) | 5,259 | 696 | 656% | 572 | 819% |
| Net Profit (₹ Cr) | 4,015 | 451 | 752% | 229 | 1653% |
📊 Key Financial Ratios
| Ratio | Q4 FY25 | Q4 FY24 | YoY Change | Q3 FY25 | QoQ Change |
|---|---|---|---|---|---|
| Operating Margin (%) | 14% | 11% | +3% pts | 13% | +1% pt |
| Net Profit Margin (%) | 15% | 2% | +13% pts | 1% | +14% pts |
| EPS (₹) | 33.31 | 3.95 | 743% | 0.5 | 6562% |
📊 Peer Comparison
| Company | CMP (₹) | Mkt Cap (₹ Cr) | P/E | P/B | ROE (%) | ROCE (%) | 52W High (₹) | 52W Low (₹) |
|---|---|---|---|---|---|---|---|---|
| Adani Ent. | 2,503.35 | 2,88,971.65 | 62.78 | 5.74 | 10.3 | 9.71 | 3,743.90 | 2,025.00 |
| Aegis Logistics | 930.8 | 32,692.73 | 56.56 | 7.93 | 15.13 | 14.74 | 1,037.00 | 609.85 |
| Redington | 282.55 | 22,078.79 | 18.76 | 2.53 | 14.46 | 17.87 | 306.99 | 158.61 |
| Cello World | 605.3 | 13,380.94 | 39.42 | 6.71 | 44.21 | 36.28 | 1,025.00 | 485.2 |
| MMTC | 61.12 | 9,166.51 | 57.39 | 5.33 | 9.97 | 9.23 | 131.88 | 42.55 |
| Honasa Consumer | 272.25 | 8,851.81 | 113.22 | 7.86 | 16.35 | 16.35 | 547 | 190 |
| Lloyds Enterprises | 50.33 | 6,394.06 | 112 | 2.61 | 2.77 | 6.56 | 63.17 | 29.76 |
🧩 Strategic Developments
- 💰 Stake Sale: Sold 13.5% in Adani Wilmar, generating ₹3,286 Cr gain
- 🌱 Green Hydrogen & Renewables: 32% income growth YoY; 73% jump in EBITDA
- ✈️ Airports: Revenue up 29% YoY; passenger traffic rose to 24.7 million
- 🛣️ Roads: 144% increase in construction activity to 695 lane-km
- 🪨 Mining Services: Dispatch volumes up 30% YoY to 14 MMT
✅ Positives & ❗Negatives
✅ Positives This Quarter:
- 752% surge in net profit, aided by strategic monetization
- Strong performance in airports, renewables, mining
- Margin improvement across operating levels
- Lower leverage maintained: net debt/EBITDA < 3x
- Confidence from board’s ₹15,000 Cr fundraising approval
❗Negatives / Challenges:
- 8% YoY revenue decline due to IRM volume weakness
- Heavy reliance on exceptional items for profit spike
- IRM volumes dropped 38% YoY — continued headwind
📉 Market Reaction & Street View
- 📉 Stock Price: Slightly down 0.20% post-results at ₹2,297.10
- 💬 Analyst Sentiment:
- Motilal Oswal: Buy, TP ₹2,750 — green/infra outlook positive
- ICICI Securities: Hold, cautious on core revenue
- Jefferies: Positive view on monetization and deleveraging
- 📈 Investor View: Long-term bullish sentiment intact; near-term muted due to revenue dip
🔮 Final Outlook
Adani Enterprises continues to execute its growth strategy with discipline and vision. Despite short-term revenue softness, its diversified verticals—especially green energy, airports, and mining—are gaining momentum. With strong cash flows, aggressive yet strategic expansion plans, and stable financial metrics, the long-term growth narrative remains compelling.
🔗 External Links
For detailed financials and official updates, visit: Adani Enterprises Official Website
📌 Disclaimer
This summary is based on publicly available information from official filings, press releases, and financial news sources. It is provided for informational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Readers are advised to conduct their own research or consult with a qualified financial advisor before making any investment decisions.