In a recent financial update, Adani Group showcased its flagship companies—Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), and Adani Power—as they released their fourth-quarter results for 2025. The reports sparked considerable buying interest in their stocks, with Adani Ports enjoying a remarkable 4% rise on Friday and Adani Enterprises climbing approximately 2% in early trading following the announcement. Meanwhile, Adani Power experienced a notable increase in trading volume after its results were unveiled.

Overview of Results: Adani Ports Shines

Adani Ports delivered impressive Q4 results, as highlighted by Seema Srivastava, a Senior Research Analyst at SMC Global Securities. The company enjoyed a 16% increase in revenue and a 20% rise in EBITDA, reaching a PAT of over ₹11,000 crore. This growth was propelled by a significant uptick in cargo volumes, with the company handling a record 450 million metric tons (MMT) in FY25. Mundra Port, one of its key assets, became the first port in India to surpass 200 MMT in cargo handling.

Key highlights include:

• Strategic acquisitions like the NQXT terminal in Australia.
• The successful operational launch of Vizhinjam and Colombo ports.
• Improved net debt to EBITDA ratio, now at 1.9x.
• A ₹7 dividend per share for investors seeking reliable returns.

Adani Enterprises: Mixed Outcomes

On the other hand, Adani Enterprises faced a mixed bag in its Q4 results. Despite a 7% year-on-year revenue decline, dropping to ₹27,602 crore, its EBITDA surged 19% to ₹4,346 crore. A standout factor was the net profit, which soared to ₹4,015 crore, significantly boosted by an exceptional gain of ₹3,946 crore from selling part of its stake in Adani Wilmar.

Srivastava commented on the company’s potential:

• The incubating sectors—solar, wind, data centers, and mining services—showed promising operational advancements.
• Notable strategic expansions include a 6 GW solar module line and a new 10 MW data center.

While challenges remain due to the project-driven nature of its business, Adani Enterprises continues to be a compelling long-term growth candidate for investors willing to embrace higher risks.

Adani Power: Challenges Ahead

In contrast, Adani Power reported a 3.66% drop in net profit, despite increasing its operational capacity to 17,550 MW and achieving a 6.54% revenue growth. Operating margins fell from 36.29% to 33.80%, indicating some pressure on profitability.

Srivastava remarked:

• The company generated a record 102.2 billion units (BU) in FY25 and expanded its asset base.
• However, margin compression and fluctuating earnings may limit its immediate appeal for investors.

Evaluating the Best Investment: Adani Ports vs. Adani Enterprises vs. Adani Power

When comparing the three companies, Seema Srivastava noted that Adani Ports provides the best combination of growth and stability. In contrast, Adani Enterprises is better suited for aggressive investors looking for long-term gains, while Adani Power requires careful monitoring before making an investment decision.

Anshul Jain, Head of Research at Lakshmishree Investment and Securities, added that Adani Power appears technically robust on the charts, having traded within a defined range of ₹432 to ₹587. A breakout beyond ₹587 could signal fresh upward momentum, targeting a potential high of ₹681.

Conclusion

In summary, while Adani Ports stands out for its strong performance and dividends, Adani Enterprises offers a growth trajectory for the ambitious investor, and Adani Power presents a cautious opportunity. Investors should consider their risk appetite and investment goals when choosing among these prominent players in the Adani Group.