Adani Enterprises inches up on reporting 44% rise in Q1 consolidated net profit
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Adani Enterprises is currently trading at Rs. 2541.05, up by 9.15 points or 0.36% from its previous closing of Rs. 2531.90 on the BSE.
The scrip opened at Rs. 2545.00 and has touched a high and low of Rs. 2554.00 and Rs. 2523.65 respectively. So far 13117 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4189.55 on 21-Dec-2022 and a 52 week low of Rs. 1017.10 on 03-Feb-2023.
Last one week high and low of the scrip stood at Rs. 2554.00 and Rs. 2451.20 respectively. The current market cap of the company is Rs. 288636.88 crore.
The promoters holding in the company stood at 67.65%, while Institutions and Non-Institutions held 24.80% and 7.55% respectively.
Adani Enterprises has reported 32.59% rise in its net profit at Rs 587.28 crore for the quarter ended June 30, 2023 as compared to Rs 442.94 crore for the same quarter in the previous year. However, total income of the company decreased by 43.29% at Rs 11,649.65 crore for Q1FY24 as compared Rs 20,541.64 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 44.41% rise in net profit at Rs 676.93 crore for the first quarter ended June 30, 2023 as compared to Rs 468.74 crore for the same quarter in the previous year. However, total income of the company decreased by 37.15% at Rs 25,809.94 crore for Q1FY24 as compared Rs 41,066.43 crore for the corresponding quarter previous year.
