Adani Enterprises announces Q1 FY23 result, crosses Rs 41,000 cr

New Delhi: Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter ended June 30, 2022.

Financial Highlights Q1 FY23 (Consolidated) (YoY Basis):

Total Income increased by 223% to Rs. 41,066 Cr on account of strong performance by IRM and Airport business
EBIDTA increased by 107% to 1,965 Cr due to full consolidation of airports business and improved realizations in IRM business
Attributable PAT increased by 73% to Rs. 469 Cr in line with EBIDTA

“While our diversified growth is reflected across our range of businesses, Adani Enterprises continues to prove itself as one of the world’s most successful multi-industry incubators,” said Mr Gautam Adani, Chairman of the Adani Group. “AEL’s incubation strategy has no parallel and we intend to further leverage this unique business model as we transform the Adani Group into an integrated ‘platform of platforms’ with unprecedented access to the Indian consumer. AEL’s high growth lays the foundation for us to accelerate the continued development of new businesses like data centres, airport ecosystems, road and water infrastructure, defence and aerospace, and digital technology services. Through our partnership with Total Energies in ANIL, we have also begun our journey to become the world’s largest player in green hydrogen.”

Business Updates (Q1 FY23):

Updates in Incubating Businesses

Adani Airports Holdings Ltd (AAHL – Airports)

During the quarter, Adani Airports handled –

16.6 Mn passengers
126 k Air Traffic Movements
2.3 Lacs MT Cargo

Adani Road Transport Ltd (ARTL – Roads)

Provisional COD received for Bilaspur HAM Road project
Update on four HAM projects which are under execution:

Completion %

Suryapet Khammam

Mancherial Repallewada

Vijayawada Bypass
Andhra Pradesh

Nanasa Pidgaon
Madhya Pradesh


Construction activities has also started in Azhiyur Vengalam, Kodad Khammam, Badakumari Karki & Panagarh Palsit road projects.
Concession agreement signed for Kagal-Satara road project of 65 KMs in Maharashtra state under BOT basis.

Adani Connex Pvt Ltd (ACX – Data Center)

97% construction of Chennai Data Center completed
Construction at Noida Data Center started

Updates on Established Businesses for Q1 FY23

Adani New Industries Supply Chain Ecosystem

Module line trial run started for new 2.0 GW capacity plant & Cell line and comprehensive project expected COD by Q2 FY23.
Volume stood at 264 MW vs 271 MW

Primary Industries (Mining Services)

Mining Services production up by 72% to 8.1 MMT on YoY basis
Suliyari mining services made operational and started production

About Adani Enterprises Ltd

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. Having successfully built unicorns like Adani Ports & SEZ, Adani Transmission, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the company has contributed significantly to make the country self-reliant with our portfolio of robust businesses.

The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, roads, data center and water infrastructure which has significant scope for value unlocking. This has led to robust returns to our shareholders. Rs. 150 investments in Adani Enterprises, which was the group’s first IPO in 1994, has grown to Rs.900,000+.

The post Adani Enterprises announces Q1 FY23 result, crosses Rs 41,000 cr appeared first on News24-English.

, International, ,

Post a Comment

Previous Post Next Post