Adani Enterprises Q2 Results Live : Adani Enterprises declared their Q2 results on October 29, 2024, showcasing a remarkable profit increase of 664.53% year-over-year. The company’s topline also saw a modest increase of 0.4%, although revenue declined by 11.24% compared to the previous quarter.
In terms of expenses, the Selling, General & Administrative expenses saw a significant decline of 15.5% quarter-over-quarter, but rose by 26.55% year-over-year. This indicates a strategic effort by the company to manage costs amidst fluctuating revenues.
Operating income for the quarter reported a decrease of 6.2% from the previous quarter, yet showed a robust increase of 49.63% year-over-year, highlighting the company’s growth trajectory despite recent challenges.
Earnings per share (EPS) for Q2 stood at ₹14.87, marking an impressive increase of 523.61% year-over-year. This substantial jump in EPS indicates strong profitability and effective cost management by the company.
Adani Enterprises has shown varied performance in stock returns, delivering a 4.72% return in the last week, but experiencing a decline of 2.8% over the last six months. Year-to-date, the company has achieved a 4.22% return, reflecting a mixed sentiment among investors.
Currently, Adani Enterprises boasts a market capitalization of ₹342710.9 crore, with a 52-week high of ₹3743.9 and a low of ₹2142, underscoring the volatility and potential of its stock.
As of October 31, 2024, two analysts are covering Adani Enterprises, with one rating it as a Buy and another as a Strong Buy. The consensus recommendation suggests a Strong Buy, indicating confidence in the company’s future performance.
Adani Enterprises Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 22608.07 | 25472.4 | -11.24% | 22517.33 | +0.4% |
| Selling/ General/ Admin Expenses Total | 742.28 | 878.39 | -15.5% | 586.57 | +26.55% |
| Depreciation/ Amortization | 1035.19 | 934.08 | +10.82% | 756.96 | +36.76% |
| Total Operating Expense | 19949.7 | 22638.34 | -11.88% | 20740.69 | -3.81% |
| Operating Income | 2658.37 | 2834.06 | -6.2% | 1776.64 | +49.63% |
| Net Income Before Taxes | 2408.89 | 2235.56 | +7.75% | 791.02 | +204.53% |
| Net Income | 1741.75 | 1454.5 | +19.75% | 227.82 | +664.53% |
| Diluted Normalized EPS | 14.87 | 12.33 | +20.56% | 2.38 | +523.61% |
