September 25, 2022

New Delhi: Adani Enterprises on Monday reported a 99.4% decline in consolidated revenue to Rs 1.80 crore for the quarter ended December 31, 2021. The corporate had posted a consolidated revenue of Rs 343.17 crore within the corresponding quarter final fiscal, Adani Enterprises stated in a BSE submitting.

Its consolidated earnings through the third quarter of FY22 elevated to Rs 18,963.40 crore as towards Rs 11,787.82 crore within the year-ago interval, the submitting stated.

The overall bills throughout October-December 2021 elevated to Rs 19,047 crore, over Rs 11,303.97 crore within the year-ago interval, the submitting stated.

Given the COVID-19 pandemic state of affairs, the Group has carried out detailed evaluation and has assessed the impression of the pandemic on enterprise and monetary outcomes based mostly on data accessible from inside and exterior sources.

The group has decided that there isn’t any important impression for the present interval. Contemplating the persevering with uncertainty, the group will proceed to intently monitor any materials modifications to future financial circumstances resulting from this pandemic state of affairs, the submitting stated.

“With the IMF lately figuring out India as changing into the quickest rising nation popping out of the pandemic, India has the tailwind required to have the ability to produce a number of corporations, each within the digital house and within the bodily house, at a tempo quicker than our nation has ever been capable of obtain,” Adani Group Chairman Gautam Adani stated.

He added that the deal with new vitality companies which, by itself, will see the intersection of sustainability and digitisation making a stage of worth and the form of jobs that didn’t even exist a few years in the past.

“We’re effectively positioned to capitalise on these developments, the tailwind that can propel India forward and our capacity to execute. Our confidence within the capacity of our nation to turn into one of many quickest incubators of multi-industry unicorns has by no means been larger,” Adani stated.

Adani Enterprises Restricted is the flagship firm of Adani Group. Through the years, Adani Enterprises has centered on constructing rising infrastructure companies, contributing to nation-building and divesting them into separate listed entities.

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