Sensex gained 178.02 points, opening at 74,064.96, while Nifty rose by 49.35 points, starting the day at 22,523.30. Among the Nifty companies, 31 advanced while 19 declined in the opening session. Leading the gains were Britannia, Kotak Bank, JSW Steel, Maruti, and TCS, whereas Titan, SBI
AGEL reported robust financial results for the fourth quarter of the fiscal year 2023-24. Executive Director Sagar Adani provided commentary on the company's performance and outlined its strategic initiatives for the future.
Adani Group chairman Gautam Adani on Thursday met with the British High Commissioner to India, Lindy Cameron, and discussed a wide range of topics including cybersecurity and the future of nuclear energy.
In the fourth quarter of FY24, the EBIDTA stood at Rs 3,646 crore, while the PBT stood at Rs 1,322 crore. Despite a slight decrease in EBIDTA from the previous year's fourth quarter, the company's performance remained strong, with significant increases in other areas.
Adani Ports and Special Economic Zone on Thursday reported that its Profit After Tax or net profits during the just-concluded financial year 2023-24 grew by a whopping 50 per cent to Rs 8,104 crore. In 2022-23, they were at Rs 5,391 crore.
In Q4 FY24, Adani Power's consolidated power sale volume reached 22.1 Billion Units (BU), marking a substantial 55 per cent increase from 14.3 BU in Q4 FY23. This surge was attributed to improved power demand, lower import coal prices, and a larger installed capacity.
The Adani Group company attributed this strong performance to improved key performance indicator (KPIs) -- like volumes, efficiencies, cost, and capital expenditure.