Q2 Results: Adani Enterprises Net Profit Soars To INR 461 Crore The consolidated net profit rose 117 per cent year-on-year in the second quarter of FY23

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Twitter

Adani Enterprises' net profit increased to INR 461 crore for the quarter ended September. The consolidated net profit rose 117 per cent year-on-year to INR 461 crore in the second quarter of FY23.

The conglomerate's total income increased by 183 per cent to INR 38,441 crore on account of strong performance by IRM and Airport business.

"Adani Enterprises has yet again validated its standing as India's most successful new business incubator as it continues to build on exciting ideas strategically aligned with the diverse strengths of the Adani portfolio of companies," said Gautam Adani, chairman of the Adani Group.

EBIDTA increased by 69 per cent to INR 2,136 crore. "AEL's accelerating pace of business incubation and its remarkably consistent success demonstrates the robustness of the Adani Group's fundamental approach to value creation as we transform sector after sector through digitisation, innovation in technology and a greater emphasis on equitable energy transition. We continue to believe firmly in the India growth story and remain committed to our core philosophy of nation-building through the development of advanced, efficient and world-class infrastructure that delivers increasing shareholder value," he added.

Adani Enterprises Limited (AEL) is the flagship company of Adani Group. Over the years, Adani Enterprises has successfully built Unicorns such as Adani Ports & SEZ, Adani Transmission, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
Side Hustle

'I Was Called Crazy': This 27-Year-Old's Side Hustle Hit $30,000 a Month in Under a Year — Now It's Worth Millions

Changing regulations forced Angel Rodriguez's jet ski rental company to shut down, and the young entrepreneur had to figure out his next move — fast.

Business News

These Are the Most In-Demand Jobs for 2025, According to a New Report

From software developer to registered nurse, these jobs have the highest number of predicted openings.

Technology

Getting In On The Deep Learning Hype

Why it's important to understand and start talking about deep learning.

Starting a Business

Market Research: What It Is and How to Conduct It

To boost your competitive advantage, you may want to do market research. Entrepreneur is here with a guide on market research and how to conduct it.

Growing a Business

The 10 Best Podcasts Every Entrepreneur Should Listen to for Growth, Strategy and Success

Unlock your potential with the 10 must-listen podcasts for entrepreneurs, offering expert insights on growth, strategy and success.