Adani Enterprises will on Tuesday release its financial result for the first quarter of this financial year (Q1FY23). In the last quarter, Q4FY22, the company made a net profit of Rs 304 crore, 30 per cent higher as compared to the same quarter in FY21.
EBITDA rose 44 per cent to Rs 1,538 crore in Q4FY22 year-on-year (YOY). In the previous quarter, Q3FY22, the company recorded a net loss of Rs 12 crore. This was mainly due to a slowdown in EBITDA, which rose only 4 per cent to Rs 977 crore YOY.
However, the fuel major recorded a