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regular-article-logo Sunday, 24 November 2024

Adani Enterprises posts nearly eight-fold rise in net profit in July-September quarter

Net profit of Rs 1,741 crore in July-September was up 663 per cent over Rs 228 crore earning in the same period of last year. EBITDA was up 46 per cent at Rs 4,354 crore, while revenue rose 15 per cent to Rs 23,196 crore

PTI New Delhi Published 30.10.24, 06:57 AM
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Representational image File picture

Adani Enterprises — the flagship firm of Gautam Adani’s conglomerate — on Tuesday posted a nearly eight-fold rise in net profit in the September quarter on strong earnings from airports and new energy units that offset the drag from coal trading.

Net profit of 1,741 crore in July-September was up 663 per cent over 228 crore earning in the same period of last year. EBITDA was up 46 per cent at 4,354 crore, while revenue rose 15 per cent to 23,196 crore.

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Except for the coal business, the firm’s other main businesses saw growth in both the top and bottomline. Adani New Industries — the unit that holds the energy business of solar module and wind turbines — saw a 78 per cent jump in pre-tax profit to 1,121 crore, while the same in the airport business were up 31 per cent at 744 crore.

Adani Ports net up 37%

Adani Ports and Special Economic Zone (APSEZ) on Tuesday reported a 37 per cent rise in consolidated net profit at 2,413.54 crore for the quarter ended September 2024, mainly on the back of higher revenues.

Consolidated net profit stood at 1,762 crore a year ago.

Total income increased to 7,372.37 crore from 6,951.86 crore in the year-ago quarter.

Marico profit up 20%

Marico on Tuesday reported a 20.27 per cent increase in consolidated net profit at 433 crore for the September quarter, helped by volume growth, pricing actions and gains from the sale of fixed assets.

It had posted a net profit of 360 crore in the July-September quarter a year ago.

Consolidated revenue from operations was up 7.6 per cent at 2,664 crore. It was at 2,476 crore a year ago.

Cipla net at 1303cr

Drug major Cipla on Tuesday reported a 17 per cent increase in consolidated net profit at 1,303 crore for the second quarter ended September 2024, driven by robust sales across markets. The company had reported a net profit of 1,115 crore a year ago.

Total income from operations rose to 7,051 crore in the second quarter compared with 6,490 crore in the year-ago period.

The company’s consumer health business grew 21 per cent year-on-year.

PTI

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