Q4 Results This Week: In the midst of the earnings season, both market observers and retail investors are eagerly awaiting the fourth quarter results of the Adani group companies, especially after a Hindenburg Research report raised concerns over the debt position of Adani group companies. The fourth quarter results of the Adani group companies are also important as it will present a solid fundamental picture of the company after the recent selloff following US short seller allegations. For retail investors and Dalal Street watchers, there is stock market news they just cannot ignore.
Six out of 10 companies of Adani Group- Adani Green Energyndtv, Adani Total GasAmbuja Cements, Adani Wilmar and Adani Enterprises – going to announce their Q4 Results This Week, Of these six Adani group companies, the Q4 results of Adani Green Energy and NDTV are expected today, while the Q4 results for Adani Total Gas and Ambuja Cements are expected on Tuesday, May 2, 2023. Adani Wilmar Q4 results will be made public on May 3, 2023 i.e. Wednesday while Adani Enterprises Q4 results will be announced on May 4, 2023 i.e. Thursday.
Here we list complete details regarding Q3 results of these Adani group companies:
Adani Enterprises third quarter results
In Q3FY23 results, Adani Enterprises Ltd reported a consolidated net profit (attributable to owners of the company) 820 crores as compared to net loss during Q3 FY23. 12 crore in the same period of the previous financial year. posted a profit of 460 crores in the last quarter of September 2022. Adani Enterprises share price ended Friday 1,922 on the NSE at Rs.
Adani Wilmar Q3FY23 Results
FY23 quarter ending December, Adani Wilmar Ltd reports 16.5% growth in its Q3 consolidated net profit 246 crore as compared to 211 crore in Q3FY22. Company’s revenue from operations increased by 7% 15,438.05 crore from 14,370.92 crore in the same quarter last year. The Food & FMCG segment contributed 15% to the total sales by volume and registered a volume growth of 27% in the quarter under review. Adani Wilmar share price 412 per share on the NSE after the end of the weekend session last week.
Ambuja Cements Q3 Results 2023
Ambuja Cement, now a part of Adani Cement, alone reported a 46% rise in net profit 368.99 crore for the quarter ending December 31, 2022 (Q4FY23), as fuel costs fell and demand picked up. net profit was 252.81 crore during the same period last year. The company’s revenue from operations grew by 10% after the January-December financial year 4,128.52 crore in the quarter under review 3,739.92 crore in the year-ago period.
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