July 7, 2025: Adani Enterprises has been actively expanding its business operations, notably through strategic acquisitions and financial initiatives. The company recently completed the acquisition of Granthik Realtors for ₹85.99 crore, enhancing its joint venture AdaniConneX’s portfolio. This move is expected to bolster investor confidence and positively impact the company’s share performance.
Additionally, Adani Enterprises plans to raise ₹10 billion through a public sale of retail bonds, marking its second such offering within a year. The bonds, rated AA- by ICRA and Care Ratings, aim to support the company’s financial growth and infrastructure projects.
In its recent Q2 FY25 results, Adani Enterprises reported a significant 664% increase in consolidated net profit, reaching ₹1,742 crore, compared to ₹228 crore in the same period last fiscal year. This surge in profitability is attributed to a 16% year-on-year rise in operational revenue, totaling ₹22,608 crore.
Despite these positive developments, the company faces challenges, including allegations of bribery and regulatory scrutiny. U.S. federal prosecutors have accused Gautam Adani and other executives of paying over $250 million in bribes to Indian officials to secure solar energy contracts. The Securities and Exchange Board of India (SEBI) has also deferred settlement pleas from the Adani group pending a review of its internal processes.
In terms of market performance, Adani Enterprises has shown resilience. The stock price recently surged nearly 7% following a brokerage upgrade, with a two-year target price set at ₹3,801, indicating a potential upside of approximately 58% from its previous close.
Overall, while Adani Enterprises is experiencing significant growth and strategic advancements, it must navigate legal and regulatory challenges that could impact its future prospects.