Adani Enterprises trades in green on reporting over 2-fold jump in Q4 consolidated net profit
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Adani Enterprises is currently trading at Rs. 1913.15, up by 3.85 points or 0.20% from its previous closing of Rs. 1909.30 on the BSE.
The scrip opened at Rs. 1965.00 and has touched a high and low of Rs. 1965.00 and Rs. 1903.35 respectively. So far 108526 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. 1965.70 and Rs. 1786.10 respectively. The current market cap of the company is Rs. 218030.91 crore.
The promoters holding in the company stood at 69.23%, while Institutions and Non-Institutions held 22.91% and 7.86% respectively.
Adani Enterprises has reported 94.48% rise in its net profit at Rs 440.88 crore for fourth quarter ended March 31, 2023as compared to Rs 226.70 crore for the same quarter in the previous year. Total income of the company increased by 46.12% at Rs 13,097.73 crore for Q4FY23 as compared to Rs 8,963.89 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 780.68 crore for fourth quarter ended March 31, 2023 as compared to Rs 325.76 crore for the same quarter in the previous year. Total income of the company increased by 26.15% at Rs 31,716.40 crore for Q4FY23 as compared to Rs 25,141.56 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported over 2-fold jump in its net profit at Rs 1,622.73 crore as compared to Rs 720.70 crore for the previous year. Total income of the company increased by 151% at Rs 68,592.22 crore for year under review as compared to Rs 27,327.55 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 2,421.60 crore as compared to Rs 787.70 crore for the previous year. Total income of the company increased by 96.18% at Rs 138,175.12 crore for year under review as compared to Rs 70,432.69 crore for year ended March 31, 2022.
