Adani Enterprises, the flagship company of Adani Group, has presented excellent results in the March quarter. The profit of the company has increased by 137% on an annual basis, while the income has also seen an increase of more than 26%. The company’s profit has increased from Rs 304 crore to Rs 722 crore in the March quarter. Bloomberg’s analyst poll had estimated a profit of 719 crores
Income has also increased from Rs 24,866 crore to Rs 31,346 crore in this quarter. Along with this, there has been a more than double jump in the margin in the March quarter. The margin has increased from 5.08% to 11.44%.
Adani Enterprises Q4 FY23 (Kanso, YoY)
- Profit increased from Rs.304 crore to Rs.722 crore (estimated at Rs.719 crore)
- Income increased from Rs 24866 crore to Rs 31346 crore
- EBITDA increased from Rs 1262 cr to Rs 3587 cr (estimated at Rs 1,943 cr)
- Margin increased from 5.08% to 11.44%
Adani Group Chairman Gautam Adani said on the results, ‘Once again, Adani Enterprises has lived up to everyone’s expectations not only as India’s most successful business incubator, but also as the world’s most successful business in building infrastructure’.
Last year’s results provide clear evidence of Adani Group’s strong operational and financial performance. These exceptional results also demonstrate the company’s excellent track record in building critical infrastructure businesses.Gautam Adani, Chairman, Adani Group
Group chairman Gautam Adani further said, ‘Last year’s results provide clear evidence of Adani Group’s strong operational and financial performance. These exceptional results also show that the company has an excellent track record in building critical infrastructure businesses.
Adani Group’s focus will continue on Governance, Compliance, Performance and Cash Flow Generation: Gautam Adani, Chairman, Adani Group
After the results on Thursday, the stock of Adani Enterprises crossed Rs 1909 on BSE with a spectacular jump of 3.85%.