City
Epaper

Adani Enterprises Q3 net at Rs 820 crore

By IANS | Updated: February 14, 2023 16:00 IST

Chennai, Feb 14 The flagship company of Adani Group Adani Enterprises Ltd closed the third quarter of the ...

Open in App

Chennai, Feb 14 The flagship company of Adani Group Adani Enterprises Ltd closed the third quarter of the current fiscal with a consolidated net profit of Rs 820.06 crore.

According to the company, it had earned a total income of Rs 26,950.83 crore for the quarter ended December 31, 2022 (Q3FY21 Rs 18,963.40 crore) and a net profit of Rs 820.06 crore (net loss of Rs 11.63 crore).

For the nine month period Adani Enterprises' total income stood at Rs 106,458.72 crore (Rs 70,432.69 crore) and a net profit of Rs 1,750.46 crore (Rs 776.56 crore).

"Over the past three decades, as well as quarter after quarter and year after year, Adani Enterprises has not only validated its standing as India's most successful infrastructure incubator but has also demonstrated a track record of building core infrastructure business," said Gautam Adani, Chairman of the Adani Group.

According to him, the group's success is due to strong governance, strict regulatory compliance, sustained performance and solid cash flow generation.

"The current market volatility is temporary; and as a classical incubator with a vision of long-term value creation, AEL (Adani Enterprises Ltd) will continue to work with the twin objectives of moderate leverage and looking at strategic opportunities to expand and grow," Adani added.

An US-based short seller in a report had alleged the Adani group of various irregularities following which share prices of the listed companies went down.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Adani GroupindiachennaiGautam AdaniAdani EnterprisesIndiUk-indiaRepublic of indiaIndia indiaGia indiaMadras mission
Open in App

Related Stories

NationalChennai: Over Unpaid Wages, Car Showroom Worker Steals Car From Showroom

NationalChennai: Car Showroom Employee Steals Vehicle After Months of Unpaid Salary

EntertainmentAjith Kumar Injured in Fan Frenzy After Padma Bhushan Award Ceremony, Actor Hospitalized In Chennai

MumbaiMumbai: Gold Sales Cross ₹12,000 Crores Nationwide on Akshaya Tritiya; Mumbai MMR Sees ₹800 Crores Trade

NationalAkshaya Tritiya 2025: Gold Market Sees Huge Footfall Despite Price Hike (Watch Video)

International Realted Stories

InternationalIndia bans all imports from Pakistan amid rising tensions

InternationalPakistan Federal Union of Journalists voices alarm over deteriorating press freedom

InternationalPolling begins in Singapore's general election

InternationalPrez Lourenco-PM Modi's talks will chart new avenues of growth between India-Angola: S Jaishankar

InternationalEAM Jaishankar says, talks between PM Modi, Angolan President Lourenco will boost India-Africa ties