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The Adani Group of Companies Experienced a Net Profit Surge of 50% in Q1

This has further caused its business to witness enormous growth. It has also been able to take its business to new heights and bring about an end to the controversies surrounding the Adani Crisis.

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The Adani Group of Companies Experienced a Net Profit Surge of 50% in Q1

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  1. The Adani Group of Companies Experienced a Net Profit Surge of 50% in Q1

  2. The Adani Group has mentioned that its portfolio of companies has reported a first-quarter adjusted net profit surge of 50.1% to reach INR 10,279 crore over the year-ago period. The EBITDA for the quarter ending on June 30 reached 32.9% to reach INR 22,570 crore year-on-year. This growth was mainly powered by Adani Enterprises’ emerging businesses. This included solar and wind manufacturing, roads and airports, etc. • The Adani Group has also been actively involved in various mergers and acquisitions. This has led to a growth in its share values. The conglomerate has also been an active participant in various initiatives. It has expanded its boundaries in some of the major growth areas. This has further caused its business to witness enormous growth. It has also been able to take its business to new heights and bring about an end to the controversies surrounding the Adani Crisis.

  3. The Growth in EBITDA: As per the Adani Group, the trailing 12-month EBITDA of INR 79,180 crore grew by 44.9% year-on-year and the Quarter 1 EBITDA for its core infrastructure business increased by 41.6% year-on-year. This accounts for 86% of total EBITDA. Its core business mainly includes utility, transport, and infrastructure businesses. These are housed under Adani Enterprises. The company’s emerging infrastructure business includes airports, roads, and Adani New Industries Limited. These businesses also achieved overall growth. The EBITDA was INR 2,991 crore up by 70%. This enhanced profitability caused the Adani Group to recover from the Adani Crisis and continue its business operations without any hindrance.

  4. The Increased Profitability from Various Portfolios: • The Adani Group has mentioned that its core infrastructure business comprises Adani Enterprises Limited infrastructure, utility and transport. The utility business is mainly taken care of by Adani Power, Adani Green Energy, Adani Energy Solutions, and Adani Total Gas. The transport business is mainly used by Adani Ports and SEZ. The solar module manufacturing business’s solar module sales rose by 125% year-on-year in this quarter.

  5. The operationalisation of photovoltaic cells having lower costs has again resulted in higher profitability for the group’s business. The Adani Group’s airport business has also witnessed strong growth. This was mainly because of increased passenger movement. The consumer offerings have also increased.The Navi Mumbai Airport is also currently under construction. Once it becomes fully operational, it will further add to the profitability of the Adani Group’s business. • Adani Enterprises’ performance strongly indicates that the annual passenger movement across 7 airports crossed 90 million for the first time during the quarters. 13 new flights and 8 new routes were also added to the Adani Group’s business. 25 new brands were also introduced at the Lucknow airport after Terminal 3 was inaugurated.

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