Mumbai37 minutes ago
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Adani Enterprises’ profit in the April-June quarter has more than doubled year-on-year to Rs 1,455 crore. The company’s consolidated net profit in the same quarter a year ago was Rs 674 crore.
At the same time, the income (revenue) of Adani Enterprises has increased by 12.5% to Rs 25,472 crore in the first quarter. The revenue was Rs 22,644 crore in the same quarter a year ago. The company has released the results of the first quarter of the financial year 2024-25 on 1 August.
Adani Enterprises shares closed up 1.76%
Before the results were announced, the company’s stock today rose 1.76% to close at Rs 3,225. With this, the company’s market cap has also reached Rs 3.67 lakh crore.
In the last one month, the company’s stock has fallen by about 1.30%. Whereas in the last six months, its stock has increased by 2.27%. In the last one year, it has given 30% return to investors.
Adani Enterprises was established in 1988
Adani Enterprises Limited is a part of the Adani Group of companies. Gautam Adani founded the enterprises in 1988. The company’s chairman is Gautam Adani, managing director is Rajesh Adani and CEO is Vinay Prakash.
The company works on energy and infrastructure projects. Adani Enterprises is the country’s largest business incubator. This company works in the fields of energy and utility, transportation and logistics, consumer goods and primary industry.
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