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May 3, 07:30 AM
Adani Enterprises Q4 Profit Falls 38%, Declares Dividend; Adani Ports Profit Up 76%
India
World

Adani Enterprises Q4 Profit Falls 38%, Declares Dividend; Adani Ports Profit Up 76%

Authors
  • Reuters
  • The Times Of India
  • Hindustan Times
7

Adani Enterprises reported a 38% decrease in net profit for Q4, totaling ₹451 crore, and declared a dividend. Concurrently, Adani Ports saw a significant 76% increase in consolidated net profit, reaching ₹2,040 crore for the same period, with revenue rising by 19%. This financial quarter also saw Adani Enterprises and five other Adani Group companies receive show-cause notices from India's market regulator, SEBI, over potential regulatory violations. The notices are part of an ongoing scrutiny following a report by Hindenburg Research.

Written with ChatGPT (GPT-4).

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