Adani Enterprises Q4 result: Net profit falls 55% on year in Q4; announces dividend of Rs 1.3/share
Adani Enterprises, the flagship firm of Adani Group, clocked a net profit of Rs 352.25 crore for the January – March period in FY24. The company saw a decline of 55% in net profit year-on-year, against Rs 780.68 crore it posted in Q4 of FY23.
Revenue in Q4
The company’s revenue from operations stood at Rs Rs 29,180.02 crore, witnessing a marginal growth of 0.8% on year in Q4 of FY24 Vs Rs 28,943.84 crore in the quarter ending March of FY23.
Announces Dividend
The board of directors of Adani Enterprises declared a dividend of Rs 1.3 per equity share.
EBITDA in Q4
The company’s EBITDA stood at Rs 3,646 crore for the quarter, down 8.25% on year, against Rs 3,974 crore reported a year ago in the same period. Also, its profit before tax stood at Rs 1,322 crore, down 15% on year in Q4 FY24 from Rs 1,554 crore it reported in Q4 FY23.
Business in FY24
The company’s net profit for the whole year came in at Rs 3,335.27 crore, up 37.7% on year from Rs 2,421.60 crore in FY23. Its revenue from operations declined almost 24% to Rs 98.28 crore in FY24 from Rs 1.28 lakh crore it reported in FY23.
The company reported an EBITDA increase of 32% on year at Rs 13,237 crore. Its PBT also jumped 56% on year to Rs 5,640 crore for the whole year. Also, the company’s air passenger traffic rose 19% on year to 88.6 million. Its airports business’ EBITDA stands at Rs 2,437 crore, up 45% on year.
Gautam Adani on Q4 results
Adani Enterprises has once again validated its position not only as the premier business incubator in India but also as a global leader in infrastructure development, said Gautam Adani, Chairman of the Adani Group. AEL’s resilient growth model of incubation confirms the operational and organizational excellence. This is supported by high ratings and fully funded growth. Our commitment to excellence in project management and operations continues to set global benchmarks, ensuring sustainable long-term value creation for our stakeholders. We remain dedicated to corporate governance, meticulous compliance, robust performance and effective capital flow management.
