Adani Enterprises Q1 Profit After Tax Grows 44% To Rs 677 Crore

New Delhi:

Adani Enterprises immediately posted 44.41 per cent bounce in consolidated revenue after tax (PAT) at Rs 676.93 crore for June quarter 2023-24 on account of diminished bills.

It had reported Rs 468.74 crore PAT for a similar interval a 12 months in the past, the corporate stated in a BSE submitting.

Whole earnings nevertheless fell to Rs 25,809.94 crore from Rs 41,066.43 crore within the year-ago quarter.

Bills additionally diminished to Rs 24,731.42 crore from Rs 40,433.96 crore a 12 months in the past.

“These outcomes are a validation of our group’s strong operational and monetary achievements. These outcomes, led by our incubating enterprise of Adani Airports, Adani New Industries, Knowledge Heart and Adani Roads, not solely underscore our historical past of making and nurturing new and important infrastructure companies but in addition emphasise the longer term worth and development potential of the various Adani portfolio,” Gautam Adani, Chairman of Adani Group, stated in a separate assertion.

The group’s experience in executing large-scale initiatives, like Kutch Copper, Navi Mumbai Airport, the certification of India’s first 5 MW onshore wind turbine, coupled with world-class O&M (operation and upkeep) capabilities are elementary drivers that proceed to speed up the group’s infrastructure journey, he stated.

Adani Enterprises Restricted (AEL) is the flagship firm of Adani Group.

Sharing enterprise updates, AEL stated AdaniConnex Pvt Ltd (ACX – Knowledge Heart) has accomplished 74 per cent work of the Chennai Section-II information centre undertaking, 51 per cent work of the information centre in Noida and 46 per cent work of the information centre in Hyderabad.

Throughout the quarter, Adani Airports dealt with 21.3 million passengers , up 27 per cent over April-June FY23.

Module gross sales by Adani New Industries Ecosystem elevated by 87 per cent to 614 megawatt (MW). The corporate’s operational capability was 4 GW (gigawatt).

The corporate additionally made its Nacelle wind turbine facility operational and the blade manufacturing facility prepared for industrial manufacturing. It additionally secured monetary closure of Rs 900 crore for ingot and wafer manufacturing.
 

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