Adani Group’s flagship company made a splash, profit increased by 44%, full details

New Delhi: Adani Enterprises, the flagship company of Gautam Adani, has released the results for the quarter ending June 2023 (Adani Enterprise Q1 Results). There has been a bumper jump in the net profit of Adani Enterprises. The net profit of Adani Enterprises has increased by 44 per cent to Rs 674 crore. Amidst the good results of Adani Enterprises, its shares are seeing a stormy boom. Today the shares of Adani Enterprises are trading with a gain of more than 58 points. Heavy buying of investors is being seen in the shares. Today, the shares of the company closed at Rs 2,535 with a gain of more than two per cent.

Although the net profit of the company (Adani Enterprise) has increased so much. At the same time, there has been a decline in its revenue. The revenue of the company (Adani Enterprise) has fallen by 38 percent during the first quarter. It has now become Rs 25438 crore. If we talk about a year ago, it was Rs 40,844 crore. Net consolidated income stood at ₹25,810 crore due to improvement in coal prices. Whereas a year ago, the company’s net profit was Rs 469 crore. EBIDTA has increased by 47% annually. It has now become Rs 2896 crore.

During this, Adani Group Chairman Gautam Adani said that Adani Enterprises has proved its reputation not only as India’s most successful business incubator but also as a global powerhouse in infrastructure development. These results are testimony to the strong operational and financial achievements of the Adani Group. Led by their incubating businesses of Adani Airports, Adani New Industries, Data Center and Adani Roads, these results will further strengthen the business.