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Adani Group's profit before tax increased 33 percent in June quarter, net profit up 50%
Adani Results: The group's net profit increased by more than 50 percent to Rs 10,279 crore in the first quarter (April-June) of the current financial year 2024-25. Adani Enterprises' EBITDA grew 46 percent to Rs 4,487 crore in April-June and net profit more than doubled to Rs 1,776 crore.
The Gautam Adani-led group has posted a 33 per cent rise in its profit before tax for the first quarter in April-June 2022 of the current financial year, supported by robust performance from the core business of infrastructure and emerging businesses spanning solar and wind manufacturing to company-run airports.
The group said in a statement, "Profit before tax (EBITDA) in the first quarter grew 32.87 percent year-on-year to Rs 22,570 crore. The EBITDA for the last 12 months (TTM) stood at Rs 79,180 crore, up 45.13% over the same period last year.”
The group's net profit grew over 50% to Rs 10,279 crore in the first quarter (April-June) of the current financial year 2024-25. "The consistently growing EBITDA is primarily due to the group's highly stable and strong 'Core Infrastructure' platform," the group said.
