Adani Enterprises on Wednesday reported a 55% year-on-year (YoY) decline in consolidated net profit to Rs 1,492 crore for the second quarter of FY27, compared with Rs 3,304 crore in the corresponding quarter of the previous financial year.
The company’s year-ago profit was boosted by exceptional gains worth Rs 3,583 crore, which influenced the comparative performance.
Adani Enterprises’ consolidated revenue surged 75% YoY to Rs 37,216 crore in the July-September quarter of FY27, up from Rs 21,248 crore in the corresponding quarter of FY26.
Adani Enterprises’ copper business jumped multifold to Rs 14,772 crore. It contributes nearly 40% of revenue. The firm operates the world’s largest single-site copper smelter, in Gujarat copper consumption is rising due to demand from power transmission, renewable energy, electric vehicles, cables, electronics and infrastructure projects.
This, along with capacity ramp-up at the copper smelter, has dwarfed most other new businesses of Adani Enterprises.
Further, Adani recorded an exceptional gain of Rs 3,583 crore in the corresponding quarter a year earlier from the sale of a stake in AWL Agri.
Adani’s airport business posted a nearly 13% rise in quarterly profit while the coal trading segment, which contributes over 20% of revenue, grew 6.6%.
Adani Enterprises’ consolidated profit before exceptional items and tax meanwhile more than doubled to Rs 2,002 crore during the quarter under review, from Rs 814.35 crore in the year-ago period. Its total expenses also increased sharply, surging over 71% YoY to Rs 36,021 crore.
Adani Group’s flagship company saw its net worth rise to Rs 1.04 lakh crore, from Rs 61,578 crore in Q2 FY26 and Rs 87,460 crore in Q1 FY27. Operating margin however dropped to 14.8%, from 15.56% in the year-ago period.