Adani Enterprises Q3 profit more than doubles to ₹1,888 crore; revenue jumps 6.5%

The emerging core infra businesses under the incubation pipeline of Adani Enterprises have shown strong operational performance and consistently reflected significant contribution to the growth journey during the last nine months of this fiscal year, the company said in a statement.

The company's incubating businesses, comprising green hydrogen ecosystem, airports and roads contribute 45% of the overall EBITDA.

"Adani Enterprises has had a robust third quarter, with two of our major incubating businesses picking up momentum," said Gautam Adani, Chairman of the Adani Group.

"Our ongoing commitment to enhancing customer satisfaction and redefining the overall consumer experience at our airports remains steadfast. We are also pleased with the pace of our advance in establishing a fully integrated manufacturing chain for green hydrogen production. This fully integrated approach will provide us a tremendous advantage in end-to-end planning, granting us superior control over the final product and its cost. The scale of opportunities these businesses present is not only unprecedented but also allows us to strongly position ourselves as a leading source of clean, sustainable and affordable alternative energy,” Adani said.

Adani Enterprises had reported a sharp 51% drop in consolidated net profit for the September quarter to ₹227.82 crore, and a 41% decline in revenue to ₹22,517.30 crore.

Shares of Adani Enterprises Ltd rose 0.60% higher at ₹3,161 apiece on the NSE today. The stock has risen 8% so far this year and it's up nearly 50% in the last one year.