.
open demat account

Adani Enterprises Ltd (AEL) on Thursday reported a 76.48 per cent rise in consolidated profit at Rs 468.74 crore for the first quarter ended June on the back of higher revenue from operations.

The company had posted a consolidated net profit of Rs 265.60 crore in the year-ago period, AEL said in a regulatory filing.

Espresso in content banner September 2022

The consolidated revenue from operations during the April-June quarter increased to Rs 41,066.43 crore from Rs 12,578.77 crore last year.

In a statement, Adani Group Chairman Gautam Adani said the group intends to leverage AEL’s incubation strategy model.

5paisa Basket Order

AEL’s high growth lays the foundation for the Adani Group to accelerate the continued development of new businesses like data centres, airport ecosystems, road and water infrastructure, defence and aerospace, and digital technology services, he said.

The company said Adani New Industries Supply Chain Ecosystem achieved sales volume of 264 MW while Adani Airports Holdings Ltd (AAHL – Airports) passenger movement rose 35 per cent to 16.6 million across seven airports.

FinGrad In-content Banner

Adani Road Transport Ltd has started construction activities in Azhiyur Vengalam, Kodad Khammam, Badakumari Karki and Panagarh Palsit road projects.

AEL is the flagship company of Adani Group. PTI BKS SHW

To stay updated with the Latest Stock Market news, download our app here!

For editorial purposes, contact news@tradebrains.in


Start Your Financial Learning Journey

Want to learn Stock Market and other Financial Products? Make sure to check out, FinGrad, the learning initiative by Trade Brains. Click here to Register today to Start your 3-Day FREE Trail. And do not miss out on the Introductory Offer!!