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What is the story about?
Adani Enterprises Ltd on Thursday (June 11) said its joint venture AdaniConneX Private Ltd (ACX) has acquired 100% equity stake in Madhuvanti Build Estate Ltd (MBEL) for a cash consideration of ₹765.25 crore.
Madhuvanti Build Estate Ltd has an authorised and paid-up share capital of ₹10,000 each and has not yet commenced commercial operations. The company reported nil turnover.
According to the filing, the acquisition by AdaniConneX Private does not fall under related party transactions for Adani Enterprises Ltd. However, Madhuvanti Build Estate Ltd is controlled, directly or indirectly, by the promoter or promoter group, and the transaction has been undertaken at arm’s length.
Also Read: Adani Enterprises, Adani Energy see ₹5,718-crore block deals: GQG sells, SBI MF buys stakes
Madhuvanti Build Estate Ltd operates in infrastructure development activities and was incorporated in India on November 11, 2019, with registration in Ahmedabad, Gujarat. Its object is to carry out infrastructure development activities.
The company owns a sizeable land parcel and has secured key licenses required to commence infrastructure operations, which the filing stated will provide a head start to AdaniConneX Private. The acquisition has been completed and requires no governmental or regulatory approvals. The transaction has been executed in cash.
Fourth Quarter Results
Adani Enterprises reported a net loss of ₹220.7 crore for the fourth quarter, compared with a profit of ₹3,844.9 crore in the year-ago period, even as revenue rose 20.3% year-on-year.
Also Read: Adani Enterprises shares hit 52-week high after equity ₹1,435 crore changes hands in block deal
Revenue for the quarter stood at ₹32,439.3 crore, up from ₹26,965.9 crore in the corresponding period last year. EBITDA rose 0.6% to ₹3,731 crore in the quarter, compared with ₹3,710 crore a year earlier. EBITDA margin narrowed to 11.5% from 13.8% in the year-ago quarter.
The company reported consolidated financial results for FY26, with total income rising 3% year-on-year to ₹1,02,943 crore. EBITDA remained steady at ₹16,464 crore during the period.
Profit before tax stood at ₹4,309 crore, excluding an exceptional gain of ₹9,215 crore arising from the sale of AWL stake and cement units to Ambuja Cements Ltd. The company said core infrastructure, incubating businesses, and mining services contributed 80% of EBITDA for the year.
Shares of Adani Enterprises Ltd ended at ₹2,914.60, down by ₹15.45, or 0.53%, on the BSE.
Also Read: Adani Power surpasses Infosys in market cap after 124% stock rally
Madhuvanti Build Estate Ltd has an authorised and paid-up share capital of ₹10,000 each and has not yet commenced commercial operations. The company reported nil turnover.
According to the filing, the acquisition by AdaniConneX Private does not fall under related party transactions for Adani Enterprises Ltd. However, Madhuvanti Build Estate Ltd is controlled, directly or indirectly, by the promoter or promoter group, and the transaction has been undertaken at arm’s length.
Also Read: Adani Enterprises, Adani Energy see ₹5,718-crore block deals: GQG sells, SBI MF buys stakes
Madhuvanti Build Estate Ltd operates in infrastructure development activities and was incorporated in India on November 11, 2019, with registration in Ahmedabad, Gujarat. Its object is to carry out infrastructure development activities.
The company owns a sizeable land parcel and has secured key licenses required to commence infrastructure operations, which the filing stated will provide a head start to AdaniConneX Private. The acquisition has been completed and requires no governmental or regulatory approvals. The transaction has been executed in cash.
Fourth Quarter Results
Adani Enterprises reported a net loss of ₹220.7 crore for the fourth quarter, compared with a profit of ₹3,844.9 crore in the year-ago period, even as revenue rose 20.3% year-on-year.
Also Read: Adani Enterprises shares hit 52-week high after equity ₹1,435 crore changes hands in block deal
Revenue for the quarter stood at ₹32,439.3 crore, up from ₹26,965.9 crore in the corresponding period last year. EBITDA rose 0.6% to ₹3,731 crore in the quarter, compared with ₹3,710 crore a year earlier. EBITDA margin narrowed to 11.5% from 13.8% in the year-ago quarter.
The company reported consolidated financial results for FY26, with total income rising 3% year-on-year to ₹1,02,943 crore. EBITDA remained steady at ₹16,464 crore during the period.
Profit before tax stood at ₹4,309 crore, excluding an exceptional gain of ₹9,215 crore arising from the sale of AWL stake and cement units to Ambuja Cements Ltd. The company said core infrastructure, incubating businesses, and mining services contributed 80% of EBITDA for the year.
Shares of Adani Enterprises Ltd ended at ₹2,914.60, down by ₹15.45, or 0.53%, on the BSE.
Also Read: Adani Power surpasses Infosys in market cap after 124% stock rally
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