Adani Enterprises Q4 Results: Net Profit Hikes 138% To Rs 722 Crore

Adani Enterprises announced its fourth-quarter results Thursday, revealing an impressive increase in net profit. The company's net profit for the quarter rose by 138% to Rs 722 crore compared to the corresponding period last year.

The business recorded a net profit of Rs 304.32 crore during the same period the year prior. Adani Enterprises' consolidated revenue from operations increased by more than 26% from Rs 24,865.52 crore in the March 2022 quarter to Rs 31,346.05 crore in the March 2023 quarter.

Adani Enterprises recorded a net profit of Rs 2,472.94 crore for the entire fiscal year 2022-2023, up 218% from a net profit of Rs 776.56 crore for the same time the previous year. EBITDA was Rs 10,025 crore, up 112% from the prior fiscal.During the time period under review, its operational revenue almost doubled to Rs 1,36,977.76 crore.
Even though its revenue increased 18% from Rs 26,612.23 crore in the prior quarter, the flagship firm of the Adani Group reported a 12% fall in net profit on a sequential basis (QoQ) from Rs 820.06 crore.

Adani Enterprises recorded a 157% increase in EBITDA for the quarter, coming in at 3,957 crore, thanks to outstanding operational results across all sectors.

The total passenger volume for Adani Airports Holdings' (AAHL) fiscal year 2023 increased by more than 103% to 7.48 crore. With an increase in air traffic movements of 56% YoY to 149,400, it handled more than 74% more passengers in the fourth quarter, totaling 2.14 crore. At 1.8 lakh metric tonnes (MT), the volume of cargo moved increased by 14% YoY.

The annual production volume of Adani Enterprises' mining services increased 7% to 29.7 million metric tonnes (MMT), while the March 2023 quarter's production volume increased 17% to 10 MMT. Three commercial coal mines were also the subject of agreements inked by the business in Q4 FY23. Adani Enterprises' stock rose nearly 4% on the day to close at Rs. 1909.30 per share.