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%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 6.34

₹ 2.88

 

₹ 7.21

 

OPM

11.44%

6.68%

 

6.12%

 

Net Margins

2.30%

1.22%

 

3.08%

 

 

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).

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