Adani Enterprises Q3 net profit jumps 130% at Rs 1,888.4 crore | India Business News – Times of India

by The Technical Blogs


AHMEDABAD: Adani Enterprises Limited, the flagship company of ports-to-power conglomerate Adani Group, on Thursday posted a 130% rise in its consolidated net profit during the third quarter of FY 2024. The company’s net profit stood at Rs 1,888.4 crore during the quarter as compared to Rs 820 crore in the year-ago period.
Adani Enterprises’ shares traded at Rs 3,152.25 a piece on BSE as the markets closed on Thursday.
AEL posted a 6.5% rise in its revenue from operations during the quarter, which settled at Rs 28,336.4 crore against Rs 26,612.2 crore in the corresponding quarter of FY 2023.
Adani Enterprises’ incubating businesses, comprising green hydrogen ecosystem, airports and roads contribute 45% to overall EBITDA, the company said.
“We are pleased with the pace of our advance in establishing a fully integrated manufacturing chain for green hydrogen production,” Gautam Adani, chairman, Adani Group. “This fully integrated approach will provide us a tremendous advantage in end-to-end planning, granting us superior control over the final product and its cost.”


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