Adani Enterprises Limited (NSE:ADANIENT)

Adani Enterprises Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	978,948	964,210	1,275,395	694,202	395,371
Revenue Growth (YoY)	1.53%	-24.40%	83.72%	75.58%	-8.91%
Cost of Revenue	513,693	503,912	934,869	537,175	302,478
Gross Profit	465,255	460,298	340,526	157,027	92,893
Selling, General & Admin	319,125	346,532	252,349	119,895	67,843
Other Operating Expenses	-	-437	-405.3	-308.8	-139.7
Operating Expenses	361,238	376,516	276,305	132,064	73,074
Operating Income	104,017	83,782	64,221	24,963	19,819
Interest Expense	-59,780	-41,866	-35,397	-20,351	-11,837
Interest & Investment Income	-	10,581	8,355	7,698	4,315
Earnings From Equity Investments	5,077	406.4	2,127	3,123	2,994
Currency Exchange Gain (Loss)	-3,610	-	-	-	2,825
Other Non Operating Income (Expenses)	24,703	448.1	-1,419	-3,265	-1,836
EBT Excluding Unusual Items	70,407	53,351	37,886	12,168	16,280
Gain (Loss) on Sale of Investments	-	1,107	105.9	19.1	18.3
Gain (Loss) on Sale of Assets	-	1,882	19.7	15.7	33.3
Asset Writedown	-	-	-	-	-794.4
Other Unusual Items	39,457	-6,684	-3,506	440.6	-1,683
Pretax Income	109,865	49,656	34,506	12,644	13,854
Income Tax Expense	29,685	16,315	10,379	4,767	3,397
Earnings From Continuing Operations	80,180	33,340	24,126	7,877	10,458
Earnings From Discontinued Operations	-129.6	12.3	89.6	-	-
Net Income to Company	80,050	33,353	24,216	7,877	10,458
Minority Interest in Earnings	-9,060	-944.9	513.4	-111.4	-1,231
Net Income	70,990	32,408	24,729	7,766	9,226
Preferred Dividends & Other Adjustments	-	1,354	-	-	-
Net Income to Common	70,990	31,054	24,729	7,766	9,226
Net Income Growth	119.05%	31.05%	218.45%	-15.83%	-18.94%
Shares Outstanding (Basic)	1,172	1,140	1,135	1,100	1,100
Shares Outstanding (Diluted)	1,172	1,140	1,135	1,100	1,100
Shares Change (YoY)	2.84%	0.40%	3.24%	-	-
EPS (Basic)	60.55	27.24	21.78	7.06	8.39
EPS (Diluted)	60.55	27.24	21.78	7.06	8.39
EPS Growth	122.28%	25.08%	208.44%	-15.83%	-18.94%
Free Cash Flow	-246,099	-121,018	29,017	-102,622	-956.7
Free Cash Flow Per Share	-209.91	-106.16	25.55	-93.31	-0.87
Dividend Per Share	1.300	1.300	1.200	1.000	1.000
Dividend Growth	-	8.33%	20.00%	-	-
Gross Margin	47.53%	47.74%	26.70%	22.62%	23.49%
Operating Margin	10.63%	8.69%	5.04%	3.60%	5.01%
Profit Margin	7.25%	3.22%	1.94%	1.12%	2.33%
Free Cash Flow Margin	-25.14%	-12.55%	2.27%	-14.78%	-0.24%
EBITDA	146,130	108,600	84,739	36,875	24,721
EBITDA Margin	14.93%	11.26%	6.64%	5.31%	6.25%
D&A For EBITDA	42,113	24,819	20,518	11,912	4,902
EBIT	104,017	83,782	64,221	24,963	19,819
EBIT Margin	10.63%	8.69%	5.04%	3.60%	5.01%
Effective Tax Rate	27.02%	32.86%	30.08%	37.70%	24.52%
Revenue as Reported	1,003,651	982,815	1,287,341	704,327	402,909

Updated Jan 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.