Adani Enterprises Lt Q1 net profit jumps 72.50% at Rs 442.94 cr
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The company reported standalone net profit of Rs 442.94 crore for the quarter ended June 30, 2022 as compared to Rs 256.77 crore in the same period last year, registering a year-on-year growth of 72.50 per cent. Net revenue of the company rose three fold by 307.22 per cent at Rs 20,318.47 crore in April-June quarter of this fiscal as against Rs 4,989.53 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 334.59 per cent to Rs 19,756.76 crore from Rs 4,546.08 crore in year ago period. Other Income grew by 115.81 per cent at Rs 223.17 crore versus (Jun'21 Rs 103.41 crore). Operating Profit surged by 26.67 per cent to Rs 561.71 crore as against Rs 443.45 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 68.95 per cent in June quarter. Interest grew by 31.80 per cent y-o-y to Rs 151.24 crore, while Taxation increased by 9.08 per cent at Rs 158.50 crore (Jun'21 Rs 145.31 crore).
