Adani Enterprises Ltd reported lower-than-expected YoY sales growth of 3 per cent at Rs 29,180 crore, while its Ebitda and net earnings declined at a YoY rate of 7.5 per cent and 38.9 per cent, respectively.
Adani Enterprises said its board has recommended dividend of Rs 1.30 per Equity Share of face value of Re. 1 each fully paid up for the Financial Year 2023-24, subject to approval by shareholders of the Company at the ensuing AGM.
Adani stocks: GQG Partners had stakes in six Adani firms namely Adani Energy Solutions Ltd, Adani Enterprises Ltd, Adani Green Energy Ltd, Adani Ports & Special Economic Zone Ltd, Adani Power Ltd and Ambuja Cements Ltd.
Adani Enterprises shares: Jefferies said Adani Enterprises' balance sheet is well-placed to take up rise in capex, as it sees contribution from new business to rise to 85 per cent of consolidated Ebitda by FY28