Adani Enterprises annual sales report 2024
Adani Enterprises’ yearly sales climbed by 3% to Rs. 29,180 crore in the fourth quarter, falling short of Ventura’s projections. EBITDA and net profit decreased by 7.5% and 38.9%, respectively.
In response to news reports on Wednesday, Adani Ports and Special Economic Zone Limited (APSEZ) stated that the company plans to invest in the Philippine port of Bataan. The company did not confirm or refute the report, only stating that it was in discussions with “various stakeholders.”
The report said that APSEZ is going to consider a development project at Bataan Port which will create a 25 meter deep port.
Strategic Expansion Initiatives and Diplomatic Engagements
Strategic Expansion Initiatives and Diplomatic Engagements“The company continuously assesses various possibilities for the growth and expansion of its operations in line with its goal to complement shareholder value,” stated a statement released by APSEZ.
As a result, the business talks with different stakeholders.” filing an exchange. The Managing Director of the Adani Group, Karan Adani, and President Ferdinand Marcos Jr. held a diplomatic meeting at the start of this month to talk about the Adani Group’s development .
For the fourth quarter that concluded on March 31, Adani Ports reported a notable increase in consolidated net profit, rising by 76.87% to Rs. 2,014.77 crore over the prior fiscal year. Additionally, reported total income increased to Rs. 7,199.94 crore. Not with standing increased costs, APSEZ’s net profit for the fiscal year 2023–2024 climbed by 50% to Rs. 8,103.99 crore. APSEZ highlighted its role in India’s logistics industry by stating that in the fiscal year 2023–24, it handled 44% of container cargo and 27% of all cargo in the nation.
the business has started manufacturing wind turbine generators (WTG) for a profit
The current WTG segment order book contains 254 sets, of which 54 were shipped by March 31, 2024. At five key locations, the construction of data centers is moving forward quite nicely. Ventura stated, “In addition, power transmission EBITDA increased by 29.5% year over year to Rs. 799 crore, while the segment’s EBITDA margin fell to 41.9% during the quarter. The operating margin was impacted by rising operating costs for projects that were still under construction.”
Read our more blogs : Aadhar Housing Finance IPO 2024: Complete Guide and Analysis
