The group operates an incubator. Initiates new businesses in transport, logistics, energy and utility sectors. The company also does direct-to-consumer businesses. The Adani Group also has extensive business in the fields of airport management, roads, data center, water infrastructure etc.
Adani Enterprises Limited is a stock that has doubled investors’ money this year alone. The stock has already returned 103% year-to-date in 2022. The stock has surged 111% in the last six months alone.
This fiscal, the company’s net profit rose 73% to Rs 469 crore in the quarter ended June. On a year-on-year basis, the consolidated revenue grew by 223% to Rs 41,066 crore. This achievement is supported by integrated business management and airport business.
The company’s EBIDTA jumped 107% to Rs 1,965 crore. In the first quarter of this financial year alone, the company did 7,700 crore share transfers with Abu Dhabi-based International Holding Company. This is a 3.5% participation.
The achievements of Adani Enterprises further emboldens the Adani Group. It also fuels the rapid jump into new businesses. This enables the company to conduct business with confidence in areas such as data centers, airport echo system, road, water transport systems, defence, aerospace and digital technology services. The partnership between Adani Gas and Total Energy positions the group as a major player in the global green hydrogen market.
(The above are not any kind of stock recommendations, just information for the investors. Investment in the stock market is subject to profit and loss possibilities. Investors should invest money only at their own risk)