Adani Enterprises soars on reporting many fold jump in Q3 consolidated net profit

Adani Enterprises is currently trading at Rs. 1808.00, up by 57.70 points or 3.30% from its previous closing of Rs. 1750.30 on the BSE.

Adani Enterprises
Adani Enterprises

The scrip opened at Rs. 1784.00 and has touched a high and low of Rs. 1825.00 and Rs. 1750.30 respectively. So far 134921 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 4189.55 on 21-Dec-2022 and a 52 week low of Rs. 1017.10 on 03-Feb-2023.

Last one week high and low of the scrip stood at Rs. 2220.90 and Rs. 1611.30 respectively. The current market cap of the company is Rs. 199534.40 crore.

The promoters holding in the company stood at 72.63%, while Institutions and Non-Institutions held 20.84% and 6.53% respectively.

Adani Enterprises has reported net profit at Rs 269.71 crore for Q3FY23 as compared to net loss of Rs 36.46 crore for the corresponding quarter previous year. Total income of the company increased by 53.10% to Rs 12515.40 crore for the quarter under review as compared to Rs 8174.61 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported many fold jump in its net profit at Rs 739.88 crore for Q3FY23 as compared to Rs 1.80 crore for the same quarter in the previous year. Total income of the company increased by 42.12% to Rs 26950.83 crore for the quarter under review as compared to Rs 18963.40 crore for the same quarter in the previous year.

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