Gautam Adani-led conglomerate's flagship firm, Adani Enterprises reported a profit of Rs 3,845 crore for the fourth quarter, marking a solid triple-digit surge of 752% from Rs 449 crore recorded in the corresponding quarter of the previous fiscal.
The total income of the company stood at Rs 27,602 crore, marking a 7% year-on-year decline from Rs 29,630 crore. Ebitda surged 19% from 3,646 crore to Rs 4,346 crore. Adani Enterprises reported a modest 2% rise in revenue figure to Rs 1,00,365 crore in the quarter ending March.
EBITDA grew 26% to Rs 16,722 crore, driven by strong operational performance across its incubating businesses, as per the investor presentation. Profit before tax (PBT) increased 16% to Rs 6,533 crore. Additionally, the company recorded an exceptional gain of Rs 3,946 crore from the sale of its stake in Adani Wilmar Limited (AWL).
"AEL has not only delivered robust operational and financial performance but also has remained focused on the timely completion of large infra projects, capacity extension and asset utilization of its businesses," the company said in a release.
AdaniConnex, a joint venture between Adani Group and EdgeConneX, completed the construction of the Noida centre with an initial capacity of 10 MW.
"As we scale up in energy transition, airports, data centers and mining services, we are creating new market leaders that will drive India's growth story for decades to come. Each success across our incubation spectrum accelerates our mission to create long-term value and catalyses India's emergence as a global economic powerhouse," said Mr. Gautam Adani, Chairman of the Adani Group.
Adani Enterprises Stock
So far this year, the shares of Adani's flagship firm have remained in the red territory on the bourses.
On year-to-date basis, the shares of the company have dropped from Rs 2,554 (around) to Rs 2,290 currently, marking a drop of 10.37% on the National Stock Exchange. In the last 6 months, the fall in the share price has been sharper, dropping over 20% or more than 600 points.
