Adani Enterprises standalone Q2 web up 33% to ₹274 cr

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Adani Group’s flagship Adani Enterprises Restricted (AEL) posted standalone web revenue of ₹274 crore for the quarter ended September 30, up 33 per cent from ₹206 crore within the corresponding quarter final yr.

The corporate’s standalone income from operations stood at ₹4,967 crore (₹2,576 crore).

Consolidated web revenue was ₹195 crore, down 55 per cent from ₹436 crore in the identical quarter a yr in the past. Consolidated income from operations stood at ₹13,218 crore (₹9,126 crore).

Consolidated EBIDTA for the quarter elevated 33 per cent to ₹1,262 crore as a result of improve in income and higher margins within the firm’s Built-in Useful resource Administration (IRM) enterprise.

For the primary half of the fiscal – April to September interval – AEL posted consolidated whole earnings of ₹26,328 crore, up 78 per cent year-on-year as a result of important improve in IRM phase volumes and costs, firm stated in an announcement. Consolidated EBIDTA for the six-month interval elevated by 77 per cent to ₹ 2,210 crore. Consolidated PAT attributable to homeowners from established companies elevated by greater than 2 occasions to ₹1,185 crore as a result of larger EBIDTA, it stated in an announcement.

Gautam Adani, Chairman, Adani Group, stated, “AEL’s current companies are stronger than they’ve ever been – and, this yr, we’ve got launched a number of new companies important to a powerful Atmanirbhar Bharat. These embrace a digital shopper aggregation platform, networked airport ecosystems, inexperienced knowledge centres, and superior street, metro and water infrastructure.”

AEL shares ended at ₹1567.70, up 1.5 per cent on the BSE on Wednesday.

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