On Thursday, Adani Enterprises reported a 73 percent increase in its consolidated net profit, which came in at Rs 469 crore for the June 2022 quarter. This figure compares to Rs 271 crore for the same period in the previous year. Its consolidated revenue from operations from April 2022 to June 2022 increased by 224.72 percent to 40,844.25 crores, compared to 12,578.77 crores during the same period in the previous year.
“While our varied growth is evident throughout our range of businesses, Adani Enterprises continues to prove itself as one of the world’s most successful multi-industry incubators,” said Gautam Adani, Chairman of the Adani Group. There is nothing comparable to the incubation method that AEL employs, and we aim to make even more use of this one-of-a-kind business model as we work to develop the Adani Group into an integrated “platform of platforms” that provides unparalleled access to the Indian customer.”
He went on to say that the rapid expansion of AEL paves the way for us to speed up the process of developing new industries such as data centers, airport ecosystems, road and water infrastructure, defense and aerospace, and digital technology services. “We have also launched our quest to become the world’s largest player in green hydrogen through our relationship with TotalEnergies in ANIL. This partnership has allowed us to.”
The board of directors of the company announced that it had also granted in-principle approval for the public issuance of non-convertible debentures for an amount that would not exceed Rs. 1,000 crores in one or more tranches. This approval is subject to all applicable regulatory and statutory approvals (s).
According to a filing with the BSE, Adani Enterprises’ total expenses amounted to Rs 40,433.96 crore, representing an increase of 227.37 percent as compared with Rs 12,351.09 crore.
During the third quarter of 2022, the profit that the company made per share with a face value of 1 rupee each was 4.18 rupees, which is an increase from the previous figure of 2.47 rupees.