Team News Riveting
Ahmedabad, November 3
Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the first half of the financial year 2022-23 (H1 YF23) and quarter ended September 30, 2022, registering a whopping over 200 per cent growth in revenue.
The surge is the total Income by 202 per cent to Rs 79,508 crore year-on-year (y-o-y) basis has been attributed to strong performance by IRM and Airport business. The EBIDTA increased by 86 per cent to 4,100 crore on account of strong performance by IRM and Airport business, the company said in a statement, adding that attributable PAT increased by 92 per cent to Rs 930 crore in line with EBIDTA.
In the second quarter ended September, total Income increased by 183 per cent year-on-year (y-o-y) to Rs 38,441 crore on account of strong performance by IRM and Airport business. The EBIDTA increased by 69 per cent to Rs 2,136 crore on account of strong performance by IRM and Airport business while attributable PAT surged by 117 per cent to Rs 461 crore in line with EBIDTA.
“Adani Enterprises has yet again validated its standing as India’s most successful new business incubator as it continues to build on exciting ideas strategically aligned with the diverse strengths of the Adani portfolio of companies,” said Gautam Adani, Chairman of the Adani Group. AEL’s accelerating pace of business incubation and its remarkably consistent success demonstrates the robustness of the Adani Group’s fundamental approach to value creation as we transform sector after sector through digitisation, innovation in technology and a greater emphasis on equitable energy transition, he said, adding that they will continue to believe ever firmly in the India growth story and remain committed to their core philosophy of nation-building through the development of advanced, efficient and world-class infrastructure that delivers increasing shareholder value.
Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities.
