Adani Group stocks soar: Adani Total Gas, Adani Ports shares jump over 10%; here are the key updates

Adani Group of Companies’ shares were witnessing a positive run on Monday, May 5, amid various business updates.

However, its quarterly net profit declined 8% to ₹154.59 crore in the quarter under review from ₹167.96 crore in Q4 FY24.

Adani Green Energy shares also saw positive momentum after its arm Adani Green Energy Sixty-Nine inked a pact to supply 400 MW of solar power to Uttar Pradesh Power Corporation Limited (UPPCL) from its project in Rajasthan.

Adani Green Energy Sixty Nine Limited, a wholly owned step-down subsidiary of AGEL, has entered into a power purchase agreement with UPPCL for the supply of 400 MW solar power from a grid-connected solar PV power project to be developed in Rajasthan, the filing said.

APSEZ last week had reported a 50% jump in its March quarter net profit and issued a higher year-on-year revenue growth forecast for the current fiscal year, citing strong growth in port volumes and a robust rise in logistics business.

Investors were optimistic about the firm after Karan Adani informed them that APSEZ will invest ₹13,000 crore in Vizhinjam International Seaport in phase 2, which will take this deep-water port's cargo handling capacity from the current 1.2 million TEUs (twenty-foot equivalent units) to almost 5 million TEUs by 2028.

The flagship company of billionaire Gautam Adani's group had reported a 7.5-fold jump in its fourth quarter net profit on the back of a one-time gain from a stake sale in a consumer goods venture and strong growth in solar manufacturing and airports.

Net profit of ₹3,845 crore in January-March—the fourth quarter of the April 2024 to March 2025 fiscal year—compared with ₹450.58 crore earnings in the same period a year back, according to a company statement. The profit rise was helped by a ₹3,286 crore gain made from the sale of a stake in Wilmar.

Another Adani Group firm, Adani Power, was also trading higher on Monday. Last, it had reported a 5% decline in its consolidated net profit to ₹2,599.23 crore in the January-March quarter of 2024-25 compared to the year-ago period, mainly due to lower recognition of one-time items.

However, its consolidated continuing total revenue for Q4 FY25 was higher by 5.3% at ₹14,522 crore against ₹13,787 crore in Q4 FY24, primarily due to higher volume, offset by lower tariff realisation.

Adani Energy Solutions were also trading higher at ₹957.9 apiece, advancing 6.82%. Ambuja Cements shares also gained 2.56% at ₹545.30 apiece on the 50-share index.