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Business EconomyPosted at: May 2 2024 5:25PM


Adani Enterprises net profit drops 38 pc in Q4 to Rs 450 crore

New Delhi, May 2 (UNI) Adani group flagship company Adani Enterprises Ltd (AEL) on Thursday reported 37.63% year-on-year decline in consolidated net profit at Rs 450.58 crore for January-March quarter (Q4) of the financial year 2023-24.
The company had posted Rs 722.48 crore profit in the corresponding quarter of the preceding financial year 2022-23.
The company's revenue from operations during Q4 of FY24 rose marginally by 0.81% to Rs 29,180.02 crore as compared to Rs 28,943.84 crore in the same quarter of the previous fiscal.
Adani Enterprises in a statement said that the company's emerging core infra businesses comprising of ANIL Ecosystem, Airports and Roads are making significant strides in their operational performance.
"The contribution of these businesses to the overall EBIDTA has consistently increased to 45% for FY24 compared to 40% in FY23," it said.
Commenting on financial performance, Adani Group chairman Gautam Adani said that Adani Enterprises has once again validated its position not only as the premier business incubator in India but also as a global leader in infrastructure development.
"AEL’s resilient growth model of incubation confirms the operational and organizational excellence. This is supported by high ratings and fully funded growth," he said.
UNI NK CS1725
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Tags: #Adani Enterprises net profit drops 38 pc in Q4 to Rs 450 crore
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