Adani Enterprises Shares Gain 3% as Jefferies Raises Target Price Amid Q4 EBITDA Growth
Adani Enterprises Shares Rise Amid Q4 FY26 Results
Adani Enterprises Ltd stock experienced a significant gain in Monday's trade, increasing by as much as 3 percent intraday after the company's recent Q4 FY26 results. Brokerage Jefferies maintained a bullish call on Adani Enterprises shares and raised its target price on the stock.
The shares of Adani Enterprises were trading at Rs 2,448 in morning trade, up 1.64 percent on the day, after hitting an intraday gain of around 3 percent earlier. Over the past one year, the stock has risen 2.8 percent, which is in contrast to a 1.2 percent decline in the Nifty 50 index over the same period.
The company's recent Q4 FY26 results showed a weak bottom line. Adani Enterprises posted a consolidated net loss of Rs 220.7 crore attributable to owners, compared with a net profit of Rs 3,845 crore in the year-ago quarter. The swing into loss was largely due to the absence of an exceptional gain of Rs 3,945.7 crore recorded in Q4 FY25 following a stake sale in AWL Agri Business.
| Company | Q4 FY26 | Q4 FY25 | Change |
|---|---|---|---|
| Adani Enterprises | Rs 220.7 crore (Net Loss) | Rs 3,845 crore (Net Profit) | -5.73% |
Revenue from operations rose 20.3 percent year-on-year to Rs 32,439.3 crore during the quarter, while total income increased to Rs 33,187 crore. However, expenses grew faster at 23.5 percent to Rs 32,458.3 crore, weighing on profitability. EBITDA rose 3 percent year-on-year to Rs 4,479 crore, indicating relatively steady operating performance.
The company stated that its quarterly performance was impacted by depreciation related to recently commissioned assets, including the Navi Mumbai International Airport and the Kutch Copper plant.
Jefferies maintained a 'buy' call on Adani Enterprises stock, raising its target price to Rs 2,800 per share. The brokerage stated that EBITDA growth is being driven by airports, copper, and infrastructure segments, even as profit after tax turned negative due to higher depreciation. It added that management expects a strong ramp-up in EBITDA from FY27.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Investor Takeaway
Investors should consider Adani Enterprises shares due to Jefferies' bullish call and target price increase.
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