Adani Group Q4 results: Market watchers and retail investors alike are keenly awaiting the fourth quarter results of the Adani group companies during earnings season, particularly in light of the Hindenburg Research report’s concerns regarding the debt positions of Adani group companies.The Q4 results of the Adani group firms are especially crucial since they will provide a clear fundamental picture of the business following the recent sell-off following charges made by US short sellers.There is a piece of stock market news that Dalal Street watchers and retail investors alike can’t afford to ignore.
Adani Green Energy, NDTV, Adani Total Gas, Ambuja Cements, Adani Wilmar, and Adani Enterprises, six of the ten Adani Group firms, will release their Q4 earnings this week. Out of these six Adani group companies, the Q4 results for Adani Green Energy and NDTV are anticipated today, while those for Adani Total Gas and Ambuja Cements are anticipated on Tuesday, May 2, 2023. The fourth quarter results for Adani Wilmar will be released on May 3, 2023, a Wednesday, while the fourth quarter results for Adani Enterprises will be released on May 4, 2023, a Thursday.
Adani Group Q4 results
Adani Enterprises Q3 results
In Q3FY23 results, Adani Enterprises Ltd reported a consolidated net profit (attributable to owners of the company) of ₹820 crore during the third quarter of FY23 as compared to net loss of ₹12 crore in the corresponding period of the previous fiscal. It had posted a profit of ₹460 crore in the previous quarter of September 2022. Adani Enterprises share price ended on Friday at ₹1,922 apiece on NSE.
Adani Wilmar Q3FY23 results
In December ended quarter in FY23, Adani Wilmar Ltd reported a 16.5% rise in its Q3 consolidated net profit at ₹246 crore as compared to ₹211 crore in Q3FY22. The company’s revenue from operations rose 7% to ₹15,438.05 crore from ₹14,370.92 crore in the same quarter last year. The Food & FMCG segment has contributed 15% by volume to the overall sales and delivered 27% volume growth in the quarter under review. Adani Wilmar share price ended at ₹412 per share on NSE after the end of weekend session last week.
Ambuja Cements Q3 results 2023
Ambuja Cement, now a part of Adani Cement, reported a 46% jump in standalone net profit at ₹368.99 crore for the quarter ended 31 December, 2022 (Q4FY23) as fuel costs fell and demand rose. The net profit was ₹252.81 crore during the same period last year. Revenue from operations of the company that follows the January-December financial year rose by 10% to ₹4,128.52 crore in the quarter under review from ₹3,739.92 crore in the year-ago period.