Adani Enterprises Limited has informed the Exchange regarding outcome of Board meeting held on May 01, 2025.
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The Board approved audited consolidated and standalone financial results for Q4 and FY ended March 31, 2025. Consolidated revenue from operations rose modestly to ₹97,894.75 crore (FY24: ₹96,420.98 crore), a growth of about 1.5%. Profit after tax for FY25 jumped to ₹8,004.99 crore (FY24: ₹3,335.27 crore), but this was largely driven by a one-time exceptional gain of ₹3,945.73 crore from selling part of the stake in AWL Agri Business (Adani Wilmar) via an Offer for Sale. The Board recommended a dividend of ₹1.30 per share (130%) for FY25, with record date June 13, 2025. The Board also approved a proposal to raise up to ₹15,000 crore through equity shares or other securities, subject to shareholder and regulatory approvals.
The strong headline profit is mostly from a one-time AWL stake sale, not core operations, so underlying business growth is weak. The auditor's qualified opinion on consolidated results (linked to an ongoing CBI/MCA investigation into Mumbai International Airport Ltd involving ₹845.76 crore of works contracts) and the large ₹15,000 crore fund-raising plan are key watchpoints for shareholders. The 130% dividend offers some near-term return, but the equity dilution risk from the fundraising could pressure the stock.