Adani Group’s flagship company, Adani Enterprises, has announced a remarkable increase in its net profit for the fourth quarter of 2022-23. The consolidated net profit of Rs 722.5 crore reflects a staggering YoY jump of 137.5 percent, which the company attributes to the success of its airports and road businesses. The transportation sector has been witnessing an upward trend, leading to steady growth in Adani Enterprises’ airports and road businesses.
The airport business comprises six airports across India that recorded more than 20 million passengers in the fourth quarter alone. Similarly, the road business witnessed an increase in traffic volume during the same period with its network of highways and expressways. Apart from these sectors, Adani Enterprises is expanding its presence in renewable energy, data centers, and defense while simultaneously focusing on international expansion with operations across Australia, Indonesia, and Myanmar. The impressive financial results for Q4 2022-23 highlight Adani Enterprises’ strong performance and ability to leverage emerging opportunities across various sectors without compromising on quality or innovation.