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(Bloomberg) — Adani Enterprises Ltd. reported the highest quarterly profit on record, purely on the back of a one-time gain on its exit from a joint venture.
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Net income at the firm controlled by billionaire Gautam Adani came in at 56.3 billion rupees ($625 million) for the three months ended Dec. 31, according to an exchange filing Tuesday. While the Adani Group flagship doesn’t have enough estimate to compile a reliable consensus, the profit was a big jump from the 578.3 million rupees it reported a year ago.
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That performance was on account of an exceptional gain of 56.3 billion rupees from the sale of its stake in AWL Agri Business Ltd.
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Revenue rose 8.6% to 248.2 billion rupees, while costs climbed 5.5% to 241.8 billion rupees, the filing showed.
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The company’s shares were trading 10.5% higher in Mumbai, tracking gains in the broader market after a surprise trade deal between India and the US.
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Although higher profit strengthens the conglomerate’s ability to revive capital spending and fundraising to move past recent setbacks, the latest earnings underscore how Adani is increasingly leaning on divestments to bolster its bottomline. The company had already booked gains from the transaction in two preceding quarters in the 2025 calendar year, as the flagship unit prunes non-core assets.
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Other key numbers from the earnings report:
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- Integrated resources management revenue declined 22% to 69.62 billion rupees
- Mining revenue rose 16% to 9.68 billion rupees
- New energy ecosystem revenue gained 11% to 31.24 billion rupees
- Airport revenue surged 32% to 38.42 billion rupees
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