Adani Enterprises Ltd. Q3 FY2024 results: revenue ₹28,336 crore, up 6.5% on the year
Adani Enterprises Ltd. (ADANIENT) reported consolidated revenue from operations of ₹28,336 crore for Q3 FY2024, the quarter ended 31 December 2023, up 6.5% on the same quarter a year earlier. Profit after tax was ₹1,973 crore, up 166.6% on the year, and earnings per share ₹16.57. The figures are the company's own, from the unaudited results it filed with NSE on 2 February 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q1 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 28,336 | 25,438 | n/a | n/a |
| Other income | 490 | 371 | n/a | n/a |
| Total income | 28,827 | 25,810 | n/a | n/a |
| Cost of materials consumed | 1,438 | 2,002 | n/a | n/a |
| Purchases of stock-in-trade | 14,855 | 12,744 | n/a | n/a |
| Changes in inventories | -775 | 191 | n/a | n/a |
| Employee benefit expense | 549 | 574 | n/a | n/a |
| Finance costs | 597 | 1,103 | n/a | n/a |
| Depreciation, depletion and amortisation | 760 | 714 | n/a | n/a |
| Other expenses | 9,043 | 7,405 | n/a | n/a |
| Total expenses | 26,466 | 24,731 | n/a | n/a |
| Profit before exceptional items and tax | 2,361 | 1,079 | n/a | n/a |
| Exceptional items | 0 | 0 | n/a | n/a |
| Profit before tax | 2,361 | 1,079 | n/a | n/a |
| Current tax | 440 | 301 | n/a | n/a |
| Deferred tax | 3 | 60 | n/a | n/a |
| Total tax | 443 | 360 | n/a | n/a |
| Profit after tax | 1,973 | 677 | n/a | n/a |
| Attributable to owners of the parent | 1,888 | 674 | n/a | n/a |
| Other comprehensive income | -157 | -50 | n/a | n/a |
| Total comprehensive income | 1,816 | 627 | n/a | n/a |
| EPS, basic | ₹16.57 | ₹5.91 | n/a | n/a |
| EPS, diluted | ₹16.57 | ₹5.91 | n/a | n/a |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2024 | Q1 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.01 | 0.01 | n/a | |
| Debt service coverage | 0.03 | 0.05 | n/a | |
| Interest service coverage | 0.04 | 0.03 | n/a |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Quarterly results, the last 12 quarters
| Q4 FY2023 | Q1 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 31,346 | 25,438 | 28,336 | 29,180 | 25,472 | 22,608 | 26,966 | 21,961 | 21,249 | 24,820 | 32,439 | 32,924 |
| Expenses | 30,180 | 24,731 | 26,466 | 28,309 | 23,831 | 20,787 | 26,289 | 20,970 | 21,030 | 24,176 | 32,458 | 32,252 |
| Operating profit | 3,587 | 2,524 | 3,227 | 3,195 | 3,706 | 3,766 | 3,710 | 3,310 | 3,307 | 3,642 | 3,731 | 5,019 |
| OPM % | 11% | 10% | 11% | 11% | 15% | 17% | 14% | 15% | 16% | 15% | 12% | 15% |
| Other income | 370 | 371 | 490 | 450 | 594 | 588 | 636 | 475 | 596 | 656 | 748 | 622 |
| Interest | 1,525 | 1,103 | 597 | 1,513 | 1,130 | 910 | 1,796 | 1,035 | 1,711 | 1,626 | 1,646 | 2,421 |
| Depreciation | 895 | 714 | 760 | 811 | 934 | 1,035 | 1,236 | 1,284 | 1,377 | 1,372 | 2,103 | 1,926 |
| Exceptional items | -369 | 0 | 0 | -627 | 0 | 0 | 1,313 | 0 | 3,583 | 5,632 | 0 | -2,644 |
| Profit before tax | 1,168 | 1,079 | 2,361 | 694 | 2,236 | 2,409 | 2,626 | 1,466 | 4,398 | 6,932 | 729 | -1,349 |
| Tax % | 38% | 33% | 19% | 62% | 26% | 21% | 49% | 39% | 23% | 20% | 117% | n/a |
| Net profit | 781 | 677 | 1,973 | 352 | 1,772 | 1,989 | 1,382 | 976 | 3,414 | 5,727 | -167 | -1,462 |
| EPS in ₹ | ₹6.34 | ₹5.91 | ₹16.57 | ₹3.49 | ₹12.30 | ₹14.82 | ₹32.98 | ₹6.02 | ₹27.38 | ₹46.78 | -₹1.71 | -₹8.91 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company. EPS is as filed for each quarter. A split or a bonus issue changes the share count, so quarters before it are on the old count.
Source
Unaudited consolidated results for the quarter ended 31 December 2023, filed with NSE on 2 February 2024: the result statement. All of Adani Enterprises Ltd.'s results: NSE company page.
The same record on your computer
GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.