Adani Enterprises Q1 Profit Up 44% To Rs 674 Cr
Adani Enterprises, the flagship entity of Adani Group, on Thursday, reported a 44 per cent jump in its Q1 FY24 profit To Rs 674 crore, compared to Rs 469.46 crore in the same period last year.
However, the company's total income witnessed a significant decline on a year-on-year basis. T
Total income, comprising revenue from operations and other sources, stood at Rs 25,809.94 crore in Q1 FY24, down 37.15 per cent from Rs 41,066.43 crore in the previous year.
"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," said Gautam Adani, Chairman of the Adani Group.
"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."
