Adani Enterprises Q4FY23 PAT more than doubles to Rs722 crore on sales boost and inventory efficiency gains
Adani Enterprises reported 26.1% growth in total revenues for the March 2023 quarter on consolidated basis at Rs31,346cr. On a sequential basis, the revenues were up 17.8%. Adani Enterprises is the holding company for all the new age businesses of the group and also acts as an incubator.
The operating profits for the quarter were higher by 116% on a yoy basis, largely on account of higher revenues and inventory efficiency gains. Also, the input cost growth on a yoy basis was largely controlled. The net profit growth was impressive at 137% yoy, but would have been still better had it not been for the Rs369 crore exceptional loss in the quarter. This was on account of the cancelled FPO of AEL and technology shift at its Mundra plant.
Financial highlights for Mar-23 compared yoy and sequentially
| Adani Enterprises | |||||
Rs in Crore | Mar-23 | Mar-22 | YOY | Dec-22 | QOQ |
| Total Income (Rs cr) | ₹ 31,346 | ₹ 24,866 | 26.06% | ₹ 26,612 | 17.79% |
| Operating Profit (Rs cr) | ₹ 3,586 | ₹ 1,661 | 115.89% | ₹ 1,629 | 120.18% |
| Net Profit (Rs cr) | ₹ 722 | ₹ 304 | 137.41% | ₹ 820 | -11.90% |
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| Diluted EPS (Rs) | ₹ 6.34 | ₹ 2.88 |
| ₹ 7.21 |
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| OPM | 11.44% | 6.68% |
| 6.12% |
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| Net Margins | 2.30% | 1.22% |
| 3.08% |
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Last year, Adani Enterprises also raised Rs7,700 crore from the Abu Dhabi based IHC to augment resources. After the FPO being cancelled post the Hindenburg report, AEL also attracted foreign investment from GQG Investments. During the year, Adani Enterprises also completed the acquisition of majority stake in NDTV through its media arm, the Adani Media Group (AMG).