On the NSE, it closed at Rs 1,925 per share, up 4.67 per cent. (Representative)
New Delhi:
Shares of Adani Enterprises Ltd, the flagship company of billionaire Gautam Adani’s ports-to-energy group, jumped nearly 5 per cent on Thursday after the company reported more than doubling of net profit for the March quarter. street business.
The firm’s stock closed at Rs 1,909.30, up 3.85 per cent, on the BSE. During the day, it gained 5.24 per cent to Rs 1,935.
On the NSE, it closed at Rs 1,925 per share, up 4.67 per cent.
The market valuation of the company increased by Rs 8,065.51 crore to Rs 2,17,660.41 crore. In volume terms, 2.94 lakh shares of the firm were traded on BSE and over 48.42 lakh shares were traded on NSE during the day.
According to a stock exchange filing by the company, net profit in January-March stood at Rs 722.48 crore, or Rs 6.34 per share, up 137 per cent from Rs 304.32 crore, or Rs 2.77 per share, in the same period last year.
Adani Enterprises Ltd reported revenue increased to Rs 31,716.40 crore in the fourth quarter of FY 2022-23 from Rs 25,141.56 crore a year ago.
For the full 2022-23 financial year (April 2022 to March 2023), profit grew by 218 per cent to Rs 2,473 crore, while total income grew by 96 per cent to Rs 1,38,175 crore. EBITDA more than doubled to Rs 10,025 crore on the back of growth in incubating businesses – airports and roads, apart from revenue-matching growth in the Integrated Resource Management (IRM) business.
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