Adani Enterprises Limited has informed the Exchange regarding Outcome of Board Meeting held on May 01, 2025.
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Adani Enterprises' board approved audited consolidated and standalone results for Q4 and FY ended March 31, 2025. Consolidated revenue from operations rose modestly to Rs. 97,894.75 crore from Rs. 96,420.98 crore, while consolidated profit after tax jumped to Rs. 8,004.99 crore from Rs. 3,335.27 crore, helped by an exceptional gain of Rs. 3,945.73 crore from selling a 13.51% stake in AWL Agri Business via an Offer for Sale. The statutory auditor issued an unmodified opinion on standalone results but a qualified opinion on consolidated results, citing ongoing MCA and CBI investigations into alleged misuse of Rs. 845.76 crore of funds at Mumbai International Airport Limited (MIAL). An emphasis-of-matter note was also retained regarding the 2023 short-seller report. The board recommended a dividend of Rs. 1.30 per share (130%) and approved plans to raise up to Rs. 15,000 crore through equity or other securities, pending shareholder approval at the June 24, 2025 AGM.
The qualified audit opinion on consolidated results, tied to unresolved regulatory probes at the airport subsidiary, may concern investors despite the headline profit surge being driven by a one-time gain. The Rs. 15,000 crore fund raise, if executed, could dilute existing shareholders but also provides flexibility for growth and debt reduction. The dividend offers a modest income return.