{"id":316685,"date":"2023-05-04T10:55:00","date_gmt":"2023-05-04T10:55:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/05\/04\/adani-enterprises-4th-quarter-profit-more-than-doubles-to-rs-722-crore\/"},"modified":"2023-05-04T10:55:00","modified_gmt":"2023-05-04T10:55:00","slug":"adani-enterprises-4th-quarter-profit-more-than-doubles-to-rs-722-crore","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/05\/04\/adani-enterprises-4th-quarter-profit-more-than-doubles-to-rs-722-crore\/","title":{"rendered":"Adani Enterprises 4th Quarter Profit More Than Doubles To Rs 722 Crore"},"content":{"rendered":"

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\"Adani<\/div>\n

Demand for coal picked up this year as power plants stocked up the fuel. (Representational)<\/p>\n<\/div>\n

Mumbai: <\/b><\/p>\n

Adani Enterprises Ltd said on Thursday that its quarterly profit more than doubled, helped by a strong performance at its key coal trading division.<\/p>\n

The company’s consolidated profit increased to 7.22 billion Indian rupees ($88.3 million) in the fourth quarter ended March 31, from 3.04 billion rupees a year earlier.<\/p>\n

Adani Enterprises’ mainstay coal trading business recorded a 42% jump in earnings before interest, taxes, depreciation, and amortization (EBITDA).<\/p>\n

While coal prices fell in the quarter, the trading business benefited from higher volumes as well as cost optimisation, the company said.<\/p>\n

Demand for coal picked up this year as power plants stocked up the fuel in anticipation of a surge in summer electricity consumption.<\/p>\n

The company said EBITDA at its New Industries Ecosystem business, which houses its green energy operations, rose 23% in the quarter.<\/p>\n

Adani Enterprises also said it re-appointed billionaire Gautam Adani as an executive chairman for a term of five years. ($1 = 81.7610 Indian rupees)<\/p>\n

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n

(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)<\/i><\/p>\n<\/div>\n

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[ad_1] Demand for coal picked up this year as power plants stocked up the fuel. (Representational) Mumbai: Adani Enterprises Ltd said on Thursday that its quarterly profit more than doubled, helped by a strong performance at its key coal trading division. The company’s consolidated profit increased to 7.22 billion Indian rupees ($88.3 million) in the […]<\/p>\n","protected":false},"author":1,"featured_media":316686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[4357,3320,1876],"_links":{"self":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/316685"}],"collection":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/comments?post=316685"}],"version-history":[{"count":0,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/316685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media\/316686"}],"wp:attachment":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media?parent=316685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/categories?post=316685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/tags?post=316685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}