Mumbai11 minutes ago
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The total income of Adani Group’s flagship company Adani Enterprises Limited was Rs 27,602 crore in the fourth quarter. This is 6.84% less than last year. Revenue was Rs 26,966 crore from the company’s operation in this earnings. In the January to March quarter, the company’s total expenditure was Rs 26,289 crore and the total tax was Rs 1,284 crore.
If the cost, tax and other expenses are reduced from the total income, then the company got a consolidated net profit of Rs 4,015 crore in the fourth quarter. It has increased 1041% i.e. 11 times as compared to last year. Adani Enterprises released the results of the January-March quarter (Q4Fy25, Fourth quarter) on Thursday (May 01).
Are the company’s results better than expected?
The market experts hoped that the profit of Adani Enterprises in the fourth quarter of FY 2024-25 would be around 4 thousand crores. According to this, the company has performed better than the expectation of market analysts.
What for the common man in the results?
The company has announced to pay a final dividend of Rs 1.30 on each stock for Finance-Year 2024-25. Companies give some part of their profits to their shareholders, it is called dividend or dividend.
Consolidated profits mean performance of the entire group
Companies’ results come in two parts- Standalone and Consolidated. Financial performance of only one unit is shown in standalone. Whereas the entire company reports are given in the consolidated or consolidated financial report.
How was the performance of the share so far in this year?
Adani Enterprises shares closed at Rs 2,290 a day earlier. The company’s stock has dropped 6% in the last 5 days, the stock in 1 month and 21% in 6 months. The company’s stock has fallen by about 25% in a year. The company’s market value is Rs 2.65 lakh crore.
Adani Enterprises was established in 1988
Adani Enterprises Limited is a part of the companies of Adani Group. In 1988, Gautam Adani founded Entprasage. The company chairman is Gautam Adani, Managing Director Rajesh Adani and CEO Vinay Prakash.
The company works on energy and infrastructure projects. Adani Enterprises is the biggest business incubator in the country. The company works in the fields of Energy and Utility, Transportation and Logistics, Consumer Goods and Primary Industry.
