Adani Enterprises Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Adani Enterprises (NSE:ADANIENT) Full Year 2024 Results

Key Financial Results

• Revenue: ₹982.8b (down 28% from FY 2023).
• Net income: ₹32.4b (up 31% from FY 2023).
• Profit margin: 3.3% (up from 1.8% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: ₹27.23 (up from ₹21.78 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Adani Enterprises Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Trade Distributors industry in Asia.

Performance of the market in India.

The company's shares are down 2.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Adani Enterprises that you need to be mindful of.

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