EBIDTA (earnings before interest, taxes, depreciation and amortization) doubled year-on-year to Rs 1,968 crore. Margin improved to 6.1 percent from 4.1 percent YoY. The stock entered the green shortly after the results, rising more than 6% in trading. It was quoted on the NSE for Rs 1,833.25 per share at 2:30 p.m.
Mega-scale infrastructure project execution capabilities, organisational development, and extraordinary O&M management skills on par with the best in the world are our basic strengths, Gautam Adani, chairman of the Adani Group, said. According to the press statement, Adani Airports handled 1.8 lakh MT of cargo, 20.3 million passengers (a 40 percent YoY growth), and 142,000 air traffic movements during the quarter.
Source: The Economic Times
Our effective governance, stringent adherence to regulations, steadfast performance, and reliable cash flow creation are the reasons for our success. The current market turbulence is just transitory, and AEL will keep working towards its dual goals of using moderate debt and exploring for business opportunities to grow he said.
For the quarter, the amount of solar modules produced by Adani New Industries Supply Chain Ecosystem climbed by 63 percent to 430 MW, the volume of Integrated Resources Management increased by 8 percent to 15.8 MMT, and the volume of mining services produced was 6.2 MMT. In the month since a January 24 report by the US-based short-seller Hindenburg Research accusing the conglomerate of a number of wrongdoings despite the Group’s repeated denials, Adani Enterprises shares have fallen more than 50% amid the downturn in the Group stocks.
According to Mr. Gautam Adani, Chairman of the Adani Group, 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. Shares of Adani Enterprises ended 1.87 per cent higher on Tuesday at Rs 1,749 apiece on the NSE.Comment down below.
