Adani Enterprises gains on reporting over 2-fold jump in Q3 consolidated net profit
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Adani Enterprises is currently trading at Rs. 3160.85, up by 8.60 points or 0.27% from its previous closing of Rs. 3152.25 on the BSE.
The scrip opened at Rs. 3191.30 and has touched a high and low of Rs. 3208.00 and Rs. 3145.00 respectively. So far 95507 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3236.55 on 01-Feb-2024 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. 3236.55 and Rs. 2928.00 respectively. The current market cap of the company is Rs. 358530.35 crore.
The promoters holding in the company stood at 72.61%, while Institutions and Non-Institutions held 20.09% and 7.30% respectively.
Adani Enterprises has reported over 2-fold jump in net profit at Rs 718.46 crore for the third quarter ended December 31, 2023 (Q3FY24) as compared to Rs 269.71 crore for the same quarter in the previous year. However, total income of the company decreased by 7.12% at Rs 11,624.04 crore for Q3FY24 as compared Rs 12,515.40 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported over 2-fold jump in its net profit at Rs 1,972.75 crore for Q3FY24 as compared to Rs 739.88 crore for the same quarter in the previous year. Total income of the company increased by 6.96% at Rs 28,826.53 crore for Q3FY24 as compared Rs 26,950.83 crore for corresponding quarter of the previous year.
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