Adani Enterprises Q3 Profit Soars 96x to Rs 5,627 Cr on One-Time Gain

• Adani Enterprises reported a 96-fold increase in Q3 net profit to Rs 5,627 crore, primarily due to a Rs 5,632 crore one-time gain from a partial stake sale in its consumer goods joint venture with Singapore's Wilmar.
• Revenue for the quarter rose 8.6% to Rs 24,820 crore, while EBITDA grew 18.6% to Rs 3,641 crore, with margins improving to 14.7%.
• Gains in airport and renewable energy divisions helped offset weak demand in the core coal trading segment, which saw a 22.5% decline in revenue.
• Gautam Adani highlighted the commencement of operations at Navi Mumbai International Airport as a landmark achievement, reinforcing commitment to critical asset building.
• Adani Enterprises shares surged 10% on NSE, becoming the top Nifty50 gainer, amidst broader market rally and India-US trade agreement news.

Why It Matters: Adani Enterprises' Q3 profit dramatically increased due to a one-time gain and strong performance in key divisions.