Adani Enterprises Result
Adani Enterprises Q2 Results: The net profit of Adani Enterprises, the flagship company of Adani Group, has increased eight times to Rs 1,741 crore in the second quarter of the current financial year ended in September. The company gave this information in a statement on Tuesday. A year ago, in the same quarter of 2023-24, the company had made a net profit of Rs 228 crore. Adani Enterprises’ pre-tax income increased by 46 per cent to Rs 4,354 crore while revenue increased by 15 per cent to Rs 23,196 crore. Except coal, both profit and turnover have increased in all other main businesses of the company.
Profit increased in these businesses also
Adani New Industries Ltd. is engaged in business like solar module and wind mill manufacturing. Profit before tax of Rs. 1,121 crore increased by 78 percent. Whereas in airport business it increased by 31 percent to Rs 744 crore. Adani Group Chairman Gautam Adani said in the statement, “Adani Enterprises Ltd. (AEL) continues to focus on investments in logistics, energy transition and other related sectors which are critical to the economic growth of the country.
debt increased
Record performance on half yearly basis led by Adani New Industries Ltd. (ANIL) and Adani Airport Holdings Ltd. However, debt on the company increased by 52 per cent to Rs 63,855 crore in the September quarter from Rs 50,124 crore in the quarter ended March 2024.
stock rise
Adani Enterprises shares closed with gains on Tuesday. The company’s shares closed at Rs 2841.45 on BSE today with a gain of 1.46 per cent or Rs 41. The market cap of the company has come to Rs 3,27,954.68 crore.
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