Adani enterprise share price:Revenue for the period was 22,517.3 crore, a 41% decrease from 38,175.23 crore the previous year.
Adani Enterprises reported a 50.6% year-on-year fall in its consolidated net profit for the September quarter to 227.82 crore on Thursday, owing to poor performance in its major coal trading sector. According to a regulatory filing, revenue for the period was 22,517.3 crore, a 41% decrease from 38,175.23 crore the previous year.
Consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) increased 39% to Rs. 2,979 crore due to strong incubation companies. Revenue from integrated resources management fell 59% year on year to 12,505 crore in the three months to September from 30,664 crore the previous year, owing to a drop in coal prices and decreased sales volume.
“We are fundamentally reshaping the essence of incubation scale and velocity,” Adani Group chairman Gautam Adani said.
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“Adani Enterprises covers sectors that span energy, utility, transport, D2C, and primary industries. With many ventures now market-ready and thriving, our H1 FY23–24 results have been boosted by the core infra-incubating businesses, thereby being a strong testament to our incubating ventures,” he added.
Revenue from the new energy ecosystem stood at 1,939 crore during the period under review, up 216% year on year. After opening at 2248 on the BSE today, shares of the company fell to 2,212 at the close of the day. Cash accruals increased 26% year on year to 1,242 crore, with gross debt standing at 42,102 crore at the end of September.
Frequently asked questions
Is Adani Enterprises a good company to invest in?
According to Moneyworks4me’s research of Adani Enterprises Ltd’s financial track record over the last ten years, the company is of ordinary quality. 2. Is Adani Enterprises Ltd overpriced or underpriced? When compared to its historical key valuation ratios, Adani Enterprises Ltd appears to be in the Fair zone.
What does Adani Enterprises sell?
It is headquartered in Ahmedabad and principally engaged in coal and iron ore mining and trading. It also has corporate holdings in airport operations, edible oils, road, rail, and water infrastructure, data centers, and solar production through its many subsidiaries.
Who is the CEO of Adani Enterprises?
Vinay Prakash, Ph.D. in Mining, is a well-known leader in the fields of energy, infrastructure, metals, and minerals. He has developed the Adani Group’s Natural Resources division since its start and guided its diversification in India and beyond.
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