Adani Enterprises’ Q3 net profit rises 130% to Rs 1,888.4 crore India Business News
Ahmedabad: Adani Enterprises Ltd., the flagship company of Port-to-Power Group Adani GroupPosted Thursday 130% Rise in its consolidated Net Profit The company’s net profit during Q3FY24 stood at Rs 1,888.4 crore during the quarter, compared to Rs 820 crore in the year-ago period.
As the market closed on Thursday, shares of Adani Enterprises were trading at Rs 3,152.25 per share on BSE.
AEL reported 6.5% growth in its revenue from operations during the quarter, which closed at Rs 28,336.4 crore as against Rs 26,612.2 crore in the corresponding quarter of FY23.
Adani Enterprises’ incubating businesses include green hydrogen Ecosystem, airports and roads together contribute 45% EBITDAThe company said.
Adani Group Chairman Gautam Adani said, “We are pleased with the pace of our progress in setting up a fully integrated manufacturing chain for green hydrogen production.” “This fully integrated approach will provide us with tremendous benefits in end-to-end planning.” “Giving us better control over the final product and its cost.”
As the market closed on Thursday, shares of Adani Enterprises were trading at Rs 3,152.25 per share on BSE.
AEL reported 6.5% growth in its revenue from operations during the quarter, which closed at Rs 28,336.4 crore as against Rs 26,612.2 crore in the corresponding quarter of FY23.
Adani Enterprises’ incubating businesses include green hydrogen Ecosystem, airports and roads together contribute 45% EBITDAThe company said.
Adani Group Chairman Gautam Adani said, “We are pleased with the pace of our progress in setting up a fully integrated manufacturing chain for green hydrogen production.” “This fully integrated approach will provide us with tremendous benefits in end-to-end planning.” “Giving us better control over the final product and its cost.”
