Top Stories

Adani Enterprises' Q2FY24 Financial Performance Review

Nov 3, 2023

By: BlinkX Research Team

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.

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.