Adani Enterprises receives AA Stable credit rating upgrade

Adani Enterprises achieved its highest-ever credit rating, with CARE Ratings upgrading the company's long-term bank facilities and debt instruments to AA Stable.

The company reported a 49.9% year-on-year revenue surge to ₹32,924 crore for the June quarter, despite a ₹1,160 crore consolidated net loss.

Adani Enterprises' shares have risen 22% year-to-date, outperforming the benchmark Sensex, which declined by 14% over the same period.