The Street has an action-packed day on Thursday with the release of Union Budget 2024 and earnings announcements from 86 BSE listed companies for the December quarter. Notable companies to watch among the Nifty companies are Adani Enterprises, Adani Ports & Special Economic Zone, and Titan Company. Other important results include Abbott India, Aether, Bata India, Castrol India, Deepak Fertilizers and Petrochemicals Corporation, GMM PFaudler, India Cements, Jyothy Labs, Jupiter Wagons, Dr Lal Pathlabs, Minda Corp, MPhasis, RITES, Texmaco Rail & Engineering, Thyrocare.
Adani Enterprises Q3 results: Revenue from operations of the Adani Group's flagship firm rose 6.48 per cent to Rs 28,336 crore in Q3 FY24 as against Rs 26,612 crore in the year-ago period.
Adani Enterprises Q3 Results: The company s revenue from operations increased 6% YoY to Rs 28,336 crore in the reporting period, compared with Rs 26,612 crore in the corresponding quarter of the previous year. Consolidated EBIDTA for the quarter soared 89% to Rs 3,717 crore against Rs 1,968 crore in the year-ago quarter.
On a consolidated basis, in Q3FY23, the company posted a net profit of ₹820.06 crore which is attributable to owners of the company, against a net loss of ₹11.63 crore in the same quarter a year ago. PAT was also up by 77.91% from ₹460.94 crore posted in Q2 of FY23.
As of December 31, 2022, the Group holds 72.6% of Adani Enterprises which is the flagship company..Further, the flagship firm has a majority to full shareholding in businesses scattered from the energy to FMCG segment.