Adani Enterprises Q1 results: Company's performance in last four quarters

Adani Enterprises saw a robust 215 per cent growth in its net profit in Q2FY22. However, in Q4FY22, the net profits rose 30 per cent

Adani
BS Web Team New Delhi
2 min read Last Updated : Jul 26 2022 | 6:30 AM IST
Adani Enterprises will  on Tuesday release its financial result for the first quarter of this financial year (Q1FY23). In the last quarter, Q4FY22, the company made a net profit of Rs 304 crore, 30 per cent higher as compared to the same quarter in FY21.

EBITDA rose 44 per cent to Rs 1,538 crore in Q4FY22 year-on-year (YOY). In the previous quarter, Q3FY22, the company recorded a net loss of Rs 12 crore. This was mainly due to a slowdown in EBITDA, which rose only 4 per cent to Rs 977 crore YOY. 

However, the fuel major recorded a robust 215 per cent growth in the EBITDA in the first quarter of FY22. It rose to Rs 948 crore from Rs 301, a year earlier. The net profit had also risen 80 per cent from Rs 30 crore to Rs 271 crore in the same quarter. 

In Q2FY22, the company had again recorded a rise in EBIDTA by 33 per cent from Rs 951 crore in Q2FY21 to Rs 1,262 crore in Q2FY22. The net profit had, however, shrunk from Rs 362 crore in the same quarter in FY21 to Rs 212 crore in Q2FY22.

In the last month, since June 22, the share price of the company has risen from Rs 2,089 to Rs 2,549.85 apiece on BSE. On NSE, the shares closed at Rs 2,549.9. On July 22, the shares of the company hit a yearly high of Rs 2,514.05 per share on the D-street. 

On July 18 this year, Adani Enterprises lost Coal India's (CIL) short-term tender to import coal. It had emerged as the lowest bidder at the auction. But, later Coal India decided to cancel the short-term tender and asked the medium-term tender winner PT Bara Daya Energy to supply the required coal.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :CompaniesAdani EnterprisesQ1 resultsCoal imports in IndiaAdani Enterprises LtdEBITDACoal IndiaCILfinancial year

Next Story