seach-icon
  • user-img

    Vikshita Vitthal Gujaran in Adani Group

    14-Feb-2023 09:29 AM


    thumbnail

    Adani Enterprises posts Rs 820 crore net profit in Q3, revenue up 42%. Stock zooms

    Adani Group flagship Adani Enterprises has reported consolidated net profit of Rs 820 crore for the October-December 2022 quarter, as against a loss of Rs 11.63 crore a year ago.
    The company's revenue from operations has zoomed 42 percent to Rs 26,612.2 crore from Rs 18,757.9 crore last year.
    EBIDTA (earnings before interest, taxes, depreciation and amortization) doubled year-on-year to Rs 1,968 crore.
    At 2:30 pm, it was quoting at Rs 1,833.25 apiece on the NSE.
    Follow our live blog for all the market action “Our fundamental strength lies in mega-scale infrastructure project execution capabilities, organisational development and exceptional O&M management skills comparable to the best in the world," Adani group Chairman Gautam Adani said.
    During the quarter, Adani Airports handled 20.3 million passengers (an increase of 40 percent YoY), 142,000 air traffic movements (an increase of 21 percent YoY) and 1.8 lakh MT cargo, as per the earnings release.

    Source - Money Control