adani enterprises: Adani Enterprises Q1 Results: PAT jumps 73% YoY, revenue zooms 225%

Adani Group’s flagship company today reported 73 per cent YoY jump in its June quarter profit after tax to Rs 469 crore while the consolidated revenue shot up 224.69 per cent YoY to Rs 40,844 crore.

The company’s consolidated EBIDTA increased by 107 per cent to Rs 1,965 crore.

The operating margin, however, declined to 2.76 per cent in Q1 as compared to 8.89 per cent in the corresponding quarter of the last fiscal year.

The net profit margin also deteriorated to 2.16 per cent.

The strong performance during Q1 was attributed to growth in IRM (integrated resource management) and airport business.

“While our diversified growth is reflected across 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.

During the quarter, Adani New Industries Supply Chain Ecosystem achieved sales volume of 264 MW. Across the company’s seven airports, passenger movements went up 35 per cent to 16.6 million.

The primary industries mining services recorded 71 per cent jump in production volume to 8.1 MMT, the company said in a BSE filing.

The company’s debt to equity ratio improved to 0.29 from 0.81 in the previous quarter. The earnings per share improved to Rs 3.95 in Q1 as compared to Rs 2.33 in Q1 of FY22.

More to come…