RELEASE: Adani Enterprises Ltd: 9-Month FY2023 Results

(Information sent by the signatory company).

BUSINESS
16 February 2023 Thursday 05:54
NewsEditor

RELEASE: Adani Enterprises Ltd: 9-Month FY2023 Results

(Information sent by the signatory company)

Consolidated EBITDA increased by 90% to Rs. 6,068 cr (733.5 million US dollars)

PAT consolidated up 271% to Rs. 1,750 cr (211.5 million US dollars)

Road Business Achieves 3rd Interim COD for Mancherial HAM Project

Water Business packages EPC project of Rs. 3,246 cr (392.4 million US dollars)

AHMEDABAD, India, Feb. 16, 2023 /PRNewswire/ -- Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the nine months and quarter ended December 31, 2022.

Financial highlights for 9 months of fiscal 2023 (consolidated) (year-over-year basis):

Financial highlights for the third quarter of fiscal year 2023 (consolidated) (year-over-year basis):

Notable business information:

Outstanding operational information (interannual basis):

"Over the past three decades, as well as quarter after quarter and year after year, Adani Enterprises has not only validated its position as India's most successful infrastructure incubator, but has also demonstrated a track record of building core infrastructure businesses. ", explained Gautam Adani, president of the Adani Group. "Our fundamental strength lies in large-scale infrastructure project delivery capabilities, organizational development and exceptional operations and maintenance management skills comparable to the best in the world. AEL's exceptional resilience and ability to build business of the highly profitable core sector indicate how our strategy of leveraging the various strengths of Adani's portfolio of companies is creating consistent long-term value for all of our stakeholders.Our success is due to our strong governance, strict regulatory compliance, performance sustained and solid cash flow generation The current market volatility is temporary and, as a general rule, an incubator with a vision of long-term value creation, AEL will continue working with the double objective of moderate leverage and seeking strategic opportunities to expand and grow."

Outstanding financial information for 9 months of fiscal year 2023 (consolidated) (year-on-year basis):

Financial information for the third quarter of fiscal year 2023 (consolidated) (year-over-year basis):

Business Updates (Q3 FY2023):

Business Incubation Updates

1. Adani Airports Holdings Ltd (AAHL - Airports)

2. Adani Road Transport Ltd (ARTL – Carreteras)

Start of construction activities in all HAM and BOT projects

3. AdaniConnex Pvt Ltd (ACX – Data Center)

Updates on companies established for the third quarter of fiscal year 2023

1 . Adani New Industries Supply Chain Ecosystem

solar cell and module

Manufacture of wind turbines