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    QONEQT in News

    04-Nov-2022 05:58 AM


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    Gautam Adani's Flagship Firm's Q2 Profit Surges 117% On Rapid Expansion

    Profit at Adanis flagship surges 117% on rapid expansion Adani Enterprises Ltd., the flagship firm for billionaire Gautam Adani's conglomerate, posted an almost 117 per cent rise in quarterly profit, giving it more firepower to boost investments in numerous new businesses it's nurturing.
    The Ahmedabad-based company reported a net income of 4.6 billion rupees ($55.5 million) for the quarter ended September 30, it said in a filing Thursday, compared to 2.12 billion rupees in the same period last year.
    There were not enough brokerages issuing profit estimates for the company to derive an average forecast.
    Earnings were announced after the close of market trading hours in India on Thursday.
    Source: NDTV
    #GautamAdani