Adani Enterprises’ pre-tax profit rises 43% to Rs 5,874 Crore
Adani Enterprises’ latest results have highlighted the emergence of key incubated companies.
New Delhi:
Adani Group’s flagship company Adani Enterprises on Thursday said its earnings before interest, tax, depreciation and amortization (EBIDTA) rose 43 per cent to Rs 5,874 crore in the April-September quarter of 2023-24.
The company’s liquidity increased by 48 per cent to Rs 2,733 crore during the first half of the current financial year.
The company has made significant progress in its robust incubation pipeline during the first half of the financial year 2023-24.
“We are fundamentally reshaping the essence of scale and speed of incubation,” said Gautam Adani, chairman of the Adani Group.
The company’s latest results highlighted the emergence of key incubator businesses, including integrated green hydrogen manufacturing ecosystems, airports and roads, which collectively contributed 48% of overall EBITDA.
“Adani Enterprises covers sectors that span energy, utilities, transportation, D2C and primary industries. With many companies now commercially ready and thriving, our H1 FY23-24 results were boosted by key infrastructure incubation activities, which is a strong testimony. to our incubation projects,” Mr. Adani said.
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