Adani Enterprises' profit more than doubled, and revenue jumped 26 percent. Know full details.
Adani Enterprises, the flagship company of Adani Group, reported a 137% increase in net profit in the fourth quarter.
Adani Enterprises' profit more than doubled to Rs 722.48 crore. There was a 26 percent jump in revenue during Q4.
In the same quarter of the last financial year, the profit of Adani Enterprises was Rs 304.32 crore.
The operating profit of Adani Enterprises has increased to Rs 3,957 crore on an annual basis.
Operational revenue has increased to Rs 31,346.05 crore with a 26 percent jump on an annual basis.
After the fourth quarter results, the company announced a 120 percent dividend for eligible shareholders.
The face value of the shares of Adani Enterprises is Re. The company has decided to give a 120% (₹1.20) dividend to the investors.
Adani Enterprises shares gained 4 percent during the trading session after the Q4 results.
At the close of the market today, the stock of Adani Enterprises closed at Rs 1911 with a gain of 3.93%.
In the board meeting, Adani Enterprises again appointed Gautam Adani as Executive Chairman for the next five years.