Adani Enterprises Ltd (AEL) on Thursday reported a 76.48 percent increase in consolidated profit to Rs.468.74 billion for the first quarter ended June on higher operating income.
The company had reported a consolidated net profit of Rs 265.60 crore in the same period last year, AEL said in a regulatory filing.
The consolidated operating revenue for the April-June quarter rose to Rs.41,066.43 crore from Rs.12,578.77 crore last year.
In a statement, Adani Group Chairman Gautam Adani said the group intends to leverage AEL’s incubation strategy model.
AEL’s rapid growth lays the foundation for Adani Group to accelerate the continuous development of new business areas such as data centers, airport ecosystems, road and water infrastructure, defense and aerospace, and digital technology services, he said.
The company said the Adani New Industries Supply Chain Ecosystem achieved sales volume of 264 MW, while Adani Airports Holdings Ltd (AAHL – Airports) passenger movement at seven airports grew 35 percent to 16.6 million.
Adani Road Transport Ltd has started construction works in Azhiyur Vengalam, Kodad Khammam, Badakumari Karki and Panagarh Palsit road projects.
AEL is the flagship of the Adani Group.