Adani Enterprises becomes 4th Group company to cross Rs 3 trillion m-cap

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Adani Enterprises (AEL) has become the fourth Gautam Adani Group company to cross the Rs 3-trillion market capitalization (market-cap). The stock hit a fresh record high at Rs 2,693.30, up 1 percent on the BSE in Tuesday’s intra-day trade.
In the past month, the stock price of AEL has rallied 20 percent, as compared to a 9.4 percent rise in the S&P BSE Sensex. Further, in a six-month time period, the stock has zoomed 52 percent against a 3 percent decline in the benchmark index.
AEL is one of the fastest growing diversified businesses that provide an extensive range of products and services. The company operates as an incubator, establishing new businesses in transport and logistics, and energy & utility sectors, apart from increasing focus on direct-to-consumer businesses.
AEL is leading the decarbonization initiative of industries and mobility through Adani New Industries Limited (ANIL). Other next-generation of AEL’s strategic business investments are centered around airport management, roads, data center, and water infrastructure, which has significant scope for value unlocking.
At 11:25 AM, a market cap of Rs 3.07 trillion stood at the 18th position in the overall market-cap ranking among the BSE listed companies, the exchange data showed. Currently, Adani Transmission tops the group list with a Rs 3.77 trillion market cap, followed by Adani Green Energy (Rs 3.62 trillion) and Adani Total Gas (Rs 3.54 trillion).
Meanwhile, the board of directors of AEL is scheduled to meet on Thursday, August 4, 2022, to consider and approve the unaudited financial results of the company for the quarter ended June 30, 2022 (Q1FY23) and fundraising by way of issuance of debt securities.
In the January-March quarter (Q4FY22), AEL made a net profit of Rs 304 crore, 30 percent higher as compared to the same quarter in FY21 on account of improved performance of both developing and established businesses. EBITDA rose 44 percent to Rs 1,538 crore in Q4FY22 year-on-year (YOY), due to higher contribution from the Airport business on the back of MIAL consolidation. Total income increased by 84 percent YoY to Rs 25,142 crore on account of improved realization on the back of higher prices in the Integrated Resources Management (IRM) segment.
AEL’s existing business has strengthened its performance and the management sees an exciting journey ahead for the company’s new businesses like networked airport eco-systems, road and water infrastructure, and green data centers. Add to this, the focus on new energy businesses and digital consumer platforms, along with the company’s ability to execute, will propel the shareholders’ value, the management had said.
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