Adani Enterprises Q1 Results FY2024, Profit at Rs. 676.93 Crores
On 3rd August 2023, Adani Enterprises announced its quarterly results for the last quarter of FY2023.
Adani Enterprises Financial Highlights:
- Revenue from operations stood at Rs. 25,438.45 crores, dropping by 37.72 YoY.
- EBITDA increased by 47% to Rs. 2,896 crores on account of strong operational growth
- Net profit was reported at Rs. 676.93 crores, up by 44.41% YoY.
Adani Enterprises Business Highlights:
- AdaniConnex’s (ACX - Data Center) Orderbook of about 110 MW from Hyperscale & Enterprise customers
- During the quarter, Adani Airports handled 21.3 Million passengers (Up by 27% YoY), 141.6 k Air Traffic Movements, 2.5 Lacs MT Cargo (Up by 9% YoY).
- Solar manufacturing total operational capacity at 4.0 GW, Module sales increased by 87% to 614 MW
Commenting on the results, Mr Gautam Adani, Chairman of the Adani Group, said: "Every quarter, year after year and across three decades, Adani Enterprises has consistently proven its reputation not only as India’s most successful business incubator but also as a global powerhouse in infrastructure development. These results are a validation of the Adani Group's robust operational and financial achievements. These outcomes, led by our incubating business of Adani Airports, Adani New Industries, Data Center and Adani Roads, not only underscore our history of creating and nurturing new and vital infrastructure businesses but also emphasise the future value and growth potential of the diverse Adani portfolio. Our expertise in executing large-scale projects, like Kutch Copper, Navi Mumbai Airport, the certification of India’s first 5 MW onshore wind turbine, coupled with our world-class O&M capabilities are fundamental drivers that continue to accelerate our infrastructure journey that is poised to play a significant role in meeting the aspirations of largest emerging middle class cohort in the world. As we explore strategic expansion and growth, we remain committed to upholding the highest standards of governance, compliance and performance."
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