Adani Enterprises' Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Adani Enterprises for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | YoY (% change) | Q1FY24 | QoQ (% change) | Q2FY24 |
| Total Income (₹crs.) | 38,441 | -40 | 25,809 | -10.63 | 23,066 |
| Total Expenses (₹crs.) | 37,771 | -41.26 | 24,731 | -10.29 | 22,187 |
| Net Profit (₹crs.) | 432 | -22.92 | 676 | -50.74 | 333 |
| Margin (%) | 1.12 | 0.32 | 2.62 | -1.18 | 1.44 |
REVENUE:
Adani Enterprises reported a total income of ₹23,066 crores in Q2FY24, displaying a significant drop when compared to the preceding quarter when the revenue was ₹25,809 crores. This represents a decrease of 10.63%. On a year-on-year (YoY) basis, the company's revenue declined by 40% from ₹38,441 crores in Q2FY23.
EXPENSES:
Total expenses for Q2FY24 were ₹22,187 crores, reflecting a decrease of 10.29% compared to the expenses in the preceding quarte. On a YoY basis, expenses decreased by 41.26% from ₹37,771 crores.
NET PROFIT:
Adani Enterprises reported a net profit of ₹333 crores, showing a decrease of 50.74% compared to the net profit of ₹676 crores in the preceding quarter. On a YoY basis, the net profit decreased by 22.92% from ₹432 crores in Q2FY23.
MARGINS:
The margins in Q2FY24 stood at 1.44%, which marks a decrease compared to the margin of 2.62% in the preceding quarter. On a YoY basis, the margin increased from 1.12% in Q2FY23 to 1.44% in Q2FY24.
In conclusion, Adani Enterprises' financial performance in the second quarter of fiscal year 2024 indicates a decrease in revenue and net profit, along with a reduction in margins.
Stay tuned for more updates on upcoming financial performances.