Adani Enterprises Q3 Results: Net profit soars 130% YoY to Rs 1,888 crore

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Adani Group's flagship entity Adani Enterprises on Thursday reported a consolidated net profit of Rs 1,888 crore for the quarter ended December 2023..

Revenue from operations increased 6% year-on-year (YoY) to Rs 28,336 crore in the reporting period, compared with Rs 26,612 crore in the corresponding quarter of the previous year...

Adani Enterprises said the emerging core infra businesses under the incubation pipeline of the company have shown strong operational performance during the last 9 months of this fiscal year...

"Adani Enterprises has had a robust third quarter, with two of our major incubating businesses picking up momentum, said Gautam Adani, Chairman of the Adani Group...

"Our ongoing commitment to enhancing customer satisfaction and redefining the overall consumer experience at our airports remains steadfast," Gautam Adani said.. Cash accruals of the company increased by 123% to Rs 2,680 cr in the December quarter...

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Sequentially, the fall in the bottomline was steeper at over 66%, and the topline dropped by more than 11%. While both the topline and bottomline saw a sharp fall in the quarter, the operational performance was good, with consolidated earnings before interest, taxes, depreciation and amortisation or EBITDA rising 30% YoY to Rs 2,430.29 crore.