Adani Enterprises Q4 results highlights: Profit plunges 39%; dividend announced; record date, management commentary & more

Adani Enterprises Q4 results highlights: Adani Enterprises said its board has recommended a dividend of Rs 1.30 per equity share with a face value of Rs 1 for each, fully paid for the 2023–2024 fiscal year, contingent on approval by the company’s shareholders at the subsequent annual general meeting. 


What is Adani Enterprises Company ?

India is home to the global giant Adani Enterprises Limited. It is a component of the Adani Group, which Gautam Adani established in 1988. Adani Enterprises is involved in a number of industries, including agribusiness, infrastructure, energy, and logistics.

With holdings in coal mining, renewable energy, and power transmission, the corporation is well-represented in the energy industry. Adani Enterprises also provides logistical services including freight handling and warehousing, in addition to infrastructure projects like ports, airports, and highways.

Adani Enterprises, with an emphasis on innovation and sustainability, has emerged as a major force in the growth of India’s economy. The business has won various honors and recognitions for its services to the business community and the general public.

Adani Enterprises Q4 earnings : The Adani Group company reported a 1% increase in overall revenue to Rs 29,630 crore for the quarter, up from Rs 29,311 crore in the corresponding period of the previous year.

Adani Enterprises Ltd. announced on Thursday a consolidated 39% YoY decline in profit after tax (PAT) to Rs 449 crore from Rs 735 crore in the same quarter last year. The Adani group company reported to the BSE that its overall income for the quarter increased by 1% to Rs 29,630 crore from Rs 29,311 crore during the same period the previous year.

EBITDA decreased by 8% during the quarter, from Rs 3,974 crore to Rs 3,646 crore. Adani Enterprises stated that the EBITDA for the previous quarter of the previous year includes a total EBITda of Rs. 1,038 crore for 3 HAM Projects in the road segment. The flagship of the Adani group reported that Airports Ebitda was up 130% at Rs. 662 crore, while ANIL Ecosystem Ebitda increased 6.2 times at Rs. 641 crore.

Adani Enterprises, dividend, record date

Adani Enterprises stated that, subject to approval by the company’s shareholders at the upcoming AGM, its board has recommended a dividend of Rs. 1.30 per equity share with a face value of Re. 1 each that is fully paid up for the Financial Year 2023–2024.

If the shareholders approve the aforementioned dividend at the next AGM, it will be paid on or before June 30, 2024, less any applicable withholding of tax at the source.

Adani Enterprises Q4 results highlights: Profit plunges 39%; dividend announced; record date, management commentary & more
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Adani Enterprises Q4 results highlights

According to Adani Enterprises, India’s first large-scale monocrystalline ingot and wafer plant with a capacity of two gigawatts has been successfully put into service by the ANIL Solar Manufacturing division. The 500 KTPA greenfield copper refinery project was put into service by Adani’s copper unit under Kutch Copper Ltd. Adani Airports also opened Phase I of Integrated Terminal 3 at Lucknow Airport.
In addition, AdaniConneX’s orderbook grew from 112 MW to 210 MW.

Adani Enterprises: Management commentary

Adani Enterprises has reaffirmed its status as the top business incubator in India and a leader in infrastructure development worldwide, according to Group Chairman Gautam Adani.

“The operational and organizational excellence is confirmed by AEL’s resilient growth model of incubation. High ratings and fully funded growth attest to this. We continue to create global standards for project management and operations excellence, which guarantees long-term, sustainable value development for our stakeholders. He stated, “We are still committed to strong performance, careful compliance, corporate governance, and efficient capital flow management.

Adani Enterprises stock movement

During the final trading day, the Adani Enterprises stock entered a negative territory. In the end, it ended at Rs 3,037.15, a decrease of 0.56%. Earlier today, the stock reached a high of Rs 3,119.55.

Hi, My self Saurabh Singh

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