Shares of Adani Enterprises Ltd. fluctuated between gains and losses following the company’s September quarter earnings announcement on Wednesday, October 28. The Adani Group flagship company reported a 75.1% year-on-year (YoY) increase in revenue from operations to ₹37,215 crore for Q2FY27, while profit after tax (PAT) declined 54.8% to ₹1,492 crore.
The year-ago quarter’s profit included an exceptional gain of ₹3,583 crore, which was absent in the September 2026 quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 65.9% YoY to ₹5,651 crore, compared with ₹3,407 crore a year earlier. However, the EBITDA margin contracted 80 basis points to 15.2%, from 16% in the corresponding quarter last year.
The company’s consolidated financial results also showed revenue from operations of ₹70,140 crore for the first half of FY27, compared with ₹43,210 crore in the year-ago period.
Among its businesses, the copper segment reported revenue of ₹14,772 crore in Q2 FY27, compared with ₹1,359 crore a year earlier. Revenue from the Integrated Resources Management business rose to ₹7,097 crore from ₹6,658 crore, while the New Energy Ecosystem business reported revenue of ₹3,572 crore against ₹3,156 crore in the corresponding period last year.
During the quarter, Adani Enterprises completed a ₹15,000 crore qualified institutional placement (QIP), allotting 5.2 crore equity shares to eligible institutional investors at an issue price of ₹2,883 per share.
Adani Enterprises shares react
Shares of Adani Enterprises recovered from the day’s lows after the results and were trading in the green, before paring back some of the gains. The stock was trading 0.6% lower at ₹2,475.50 as of 1.53 pm.