Adani Enterprises reports Q3 FY23 profit after tax of Rs 820cr

Adani Enterprises has reported a profit after tax (PAT) of INR 820 crores ($ 99.1 million) for the third quarter of the fiscal year 2023 (Q3 FY23), compared to loss of INR 12 crores ($1.5 million) for the same period of the previous fiscal year.

The total income of the Adani Group company for the reported quarter ended 31 December 2022 was INR 26,951 crores ($3.3 billion), which is a year-over-year (YoY) growth of 42%. The growth in income was driven by a solid performance by ANIL Ecosystem, Airports, and integrated resources management (IRM) business, said Adani Enterprises.

During Q3 FY23, Adani Airports handled 20.3 million passengers, which is a 40% increase YoY.

ANIL Ecosystem increased its solar modules volume by 63% YoY to 430MW.

The production volume of primary industries mining services in Q3 FY23 was 6.2 MMT, while the volume of primary industries IRM increased by 8% to 15.8 MMT during the reported period.

Adani Enterprises reports Q3 FY23 profit after tax of Rs 820cr. Photo courtesy of Gautam Adani/Wikimedia Commons.

Gautam Adani — Adani Group chairman said: “Over the past three decades, as well as quarter after quarter and year after year, Adani Enterprises has not only validated its standing as India‘s most successful infrastructure incubator but has also demonstrated a track record of building core infrastructure business.

“Our fundamental strength lies in mega-scale infrastructure project execution capabilities, organisational development and exceptional O&M management skills comparable to the best in the world.”