Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>Billionaire investor Mark Mobius said his firm avoided the share sale by Adani Enterprises that was later pulled. </li><li>The debt load at Indian conglomerate Adani and its associates "sort of scared us away," he told Bloomberg.</li></ul>Mark Mobius, a pioneer in emerging-markets investing, said his firm didn't take part in Adani Enterprises' stock sale before it was scrapped because it had concerns about the embattled Indian conglomerate's debt. "It's all about debt. The company and its associates are heavily in debt, and that's what sort of scared us away," the founding partner of Mobius Capital Partners <a href="https://www.youtube.com/watch?v=1qes61MyR2I" target="_blank" rel="noopener">said in a Bloomberg interview Thursday</a>. Mobius said the problems surrounding Adani Enterprises and the Adani Group are specific to those entities. "India is going to still go from strength to strength. It's an incredible country, incredible prospects, high-growth, young population. I think it's a typical scandal that you get in capital markets and it'll pass," he said. Shares in Adani Enterprises, whose businesses range from energy to infrastructure to agricultural products, have plunged after US short seller Hindenburg Research released a bombshell <a href="https://hindenburgresearch.com/adani/" target="_blank" rel="noopener">report</a> about the Adani Group. Adani Enterprises canceled a<a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/8e2c9f40-730f-444a-a65f-432194e81edc.pdf" target="_blank" rel="noopener"> $2.5 billion share sale</a> even after the offering was<a href="https://markets.businessinsider.com/news/stocks/adani-completes-share-sale-market-rout-hindenburg-fraud-allegations-2023-1?utm_medium=ingest&amp;utm_source=markets"> fully subscribed Tuesday</a> with help from institutional investors. Hindenburg said its two-year investigation of the company, led by Indian tycoon Gautam Adani, found it has engaged in "brazen stock manipulation" and an accounting fraud scheme over decades.Mobius said banks are going to be more cautious as a result of the turmoil surrounding Adani. "That will impact some of the highly indebted companies, but those companies that have strong balance sheets and low debt will continue to do well," he said.Indian tycoon Gautam Adani has hit back against Hindenburg's report, calling it <a href="https://markets.businessinsider.com/news/stocks/adani-group-legal-action-hindenburg-short-seller-2023-1?utm_medium=ingest&amp;utm_source=markets">"maliciously mischievous" and "unresearched"</a>. The short seller in response has stood its ground on the accusations.

Legendary investor Mark Mobius said he shunned embattled Adani's share sale over debt concerns but he's still bullish on India

<keyword id="19955648" type="General" weightage="20" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="261" meta.entityid="Adani Group">Adani Group</keyword> released the composite result and Credit Compendium of Adani Group of <keyword id="20027214" type="General" weightage="20" keywordseo="companies" source="keywords">companies</keyword> for Q1 FY25. The Results Compendium provides a comprehensive overview of the <keyword id="20088085" type="General" weightage="20" keywordseo="financial-performance" source="keywords">financial performance</keyword> of the Adani Portfolio, while the Credit Compendium offers in-depth insights into the portfolio's robust credit strength. According to the results, the strong performance for the quarter was led by <keyword id="20113873" type="General" weightage="20" keywordseo="Adani-Enterprises" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Enterprises" meta.hostid="261" meta.entityid="Adani Enterprises">Adani Enterprises</keyword>' emerging businesses, including solar and wind manufacturing. In a press release, the company stated that it has emerged as India's largest player in the fully integrated <keyword id="19990484" type="General" weightage="20" keywordseo="green-hydrogen" source="keywords">green hydrogen</keyword> chain, as well as in the airports and roads sectors. The company added that AEL's infrastructure businesses' steadily rising contribution is playing a significant role in this growth, with <keyword id="19957744" type="General" weightage="20" keywordseo="EBITDA" source="keywords">EBITDA</keyword> expanding by 69.98 per cent YoY. These fast-growing businesses now contribute 13.3 per cent to the portfolio-level EBITDA, up from 7.2 per cent a year ago. The overall EBITDA of Adani Group companies surged by 32.87 per cent year-on-year (YoY) to reach Rs 22,570 crore, resulting in a trailing twelve-month (TTM) EBITDA of Rs 79,180 crore, marking a 45.13 per cent increase over the corresponding TTM of the previous year. The Adani Group highlighted that its 'Core Infrastructure' platform comprises AEL's (Adani Enterprises) Infrastructure businesses, Utility (Adani Green Energy, Adani Power, Adani Energy Solutions, and Adani Total Gas), and Transport (Adani Ports &amp; SEZ) businesses. The Solar module manufacturing business of the group saw module sales rise by 125 per cent YoY in the quarter. Furthermore, the operationalization of photovoltaic cell lines lowered costs, resulting in higher profitability. The airport business also continues to see strong growth from rising passenger movement, increasing consumer offerings, and the addition of routes, airlines, and flights across seven operational airports. Adani Enterprises' performance indicates that in airports, the annual passenger movement across 7 airports crossed 90 million for the first time. During the quarter, eight new routes, six new airlines, and 13 new flights were added across all seven airports. Additionally, 25 new brands were introduced at Lucknow airport after the inauguration of Terminal 3. The road business achieved its highest-ever 730 lane-km construction during this quarter. In the Adani Green Energy segment, construction work for a 500 MW hydro pump storage has commenced, with a 31 per cent YoY capacity addition during the quarter. Another 250 MW wind capacity was operationalized in July at Khavda, bringing the total capacity to 11.2 GW. Adani Energy Solutions stated that the Khavda-Bhuj Transmission Line (KBTL) is fully commissioned, enabling 3 GW green power evacuation from Khavda. The 1,765 ckm Warora Kurnool Transmission Line (WKTL) was also fully commissioned, strengthening the national grid by ensuring seamless power flow between the western and southern regions. Adani Ports &amp; SEZ reported that Vizhinjam port, India's first transhipment port equipped with South Asia's most advanced container-handling technology, was formally commissioned in July and will become operational in November. In the Cements segment, the promoters infused Rs 15,000 crore in two tranches in Ambuja Cements in March and April, fully subscribing to the warrant program and infusing a total of Rs 20,000 crore since the acquisition in September 2022. The company also acquired Penna Cement, increasing the total capacity to 89 MTPA. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-9-pro-fold-launched-in-india-at-172999-but-you-cant-get-your-hands-on-it-right-now/articleshow/112517193.cms">Google Pixel 9 Pro Fold launched in India at ₹1,72,999, but you can’t get your hands on it right now</a> <a href="https://www.businessinsider.in/stock-market/news/ipo-scam-two-victims-from-hyderabad-lose-over-11crore-in-fake-ipo-scams/articleshow/112488051.cms">IPO scam – Two victims from Hyderabad lose over ₹11 crore in fake IPO scams</a> <a href="https://www.businessinsider.in/tech/news/indias-wearables-market-decline-for-the-first-time-as-smartwatch-shipments-fall/articleshow/112397246.cms">India’s wearables market decline for the first time as smartwatch shipments fall</a>

EBITDA of Adani Group companies surged by 32.87% year-on-year to ₹22,570 crore

<keyword id="118623" type="DOMAIN" weightage="20" keywordseo="Adani-Enterprises">Adani Enterprises</keyword> on Wednesday reported 282.2 per cent rise in <keyword id="645414" type="PERSON" weightage="20" keywordseo="consolidated-net-profit">consolidated net profit</keyword> at ₹233.95 crore for the quarter ended March 31, 2021. The company had posted a consolidated net profit attributable to the owners of the company of ₹61.21 crore in the year-ago period, <keyword id="258914" type="DOMAIN" weightage="20" keywordseo="Adani-Enterprises-Ltd">Adani Enterprises Ltd</keyword> (<keyword id="236769" type="COMPANY" weightage="20" keywordseo="AEL">AEL</keyword>) said in a filing to <keyword id="35140" type="COMPANY" weightage="20" keywordseo="BSE">BSE</keyword>. The consolidated income of the company during the January-March quarter was at ₹13,688.95 crore as compared with ₹13,698.09 crore in the year-ago period, the filing said. "I am pleased with the results <keyword id="76451" type="DOMAIN" weightage="20" keywordseo="Adani">Adani</keyword> Enterprises has delivered. Despite the challenges our nation and our people have faced over the past year, we have remained true to the philosophy of Atmanirbharta in every business that AEL incubates. The executional success we have been able to achieve in expanding into roads, water, airports, and data centers augurs well for the <keyword id="6367820" type="COMPANY" weightage="20" keywordseo="adani-group">Adani Group</keyword> and our shareholders. In addition, our exciting businesses related to solar manufacturing, mining and airports are excellent examples of the Adani Group's ability to execute and deliver on the commitments we make to the markets," Adani Group Chairman Gautam Adani said. The company further said in the statement that on the consolidated basis during the fourth quarter the company's PAT ( Profit Before Tax) attributable to owners (before exceptional item) increased to almost seven times at ₹413 crore vs ₹61 crore due to higher EBIDTA ( earnings before interest, taxes, depreciation, and amortization). "The profit for Q4 FY'21 was impacted by the one-time exceptional loss of ₹179 crore," the statement said. On the operational highlights for the fourth quarter, the company said that the solar manufacturing volume increased by 95 per cent to 376 MW. The company said that its board has recommended a final dividend of Re 1 per equity share of the face value of Re 1 each for the financial year 2020-21 subject to approval of the shareholders Adani Enterprises Ltd is the flagship company of Adani Group. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building, and divesting them into separate listed entities. The shares of the company closed at ₹1,267.85 apiece on BSE. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/indian-government-gives-the-nod-for-5g-trials-chinese-companies-kept-out-for-now/articleshow/82398249.cms">Indian government gives the nod for 5G trials, Chinese companies kept out for now</a> <a href="https://www.businessinsider.in/business/auto/news/triton-ev-founder-says-its-planning-for-an-ipo-soon-in-the-us/articleshow/82398780.cms">EXCLUSIVE: Triton EV founder says it is planning for an IPO soon in the US, as the company gears up for its first car launch in India</a> <a href="https://www.businessinsider.in/stock-market/news/banks-respond-positively-to-indian-central-banks-covid-stimulus-package-check-out-the-list-of-top-gainers/articleshow/82400850.cms">Banks respond positively to Indian central bank’s COVID stimulus package – check out the list of top gainers</a>

Adani Enterprises sees its quarterly profit grow nearly four times during the pandemic

Gautam Adani in striking distance of entering the top 20 richest club once again

You Searched For "Adani Enterprises results" and got 4 results

Legendary investor Mark Mobius said he shunned embattled Adani's share sale over debt concerns but he's still bullish on India

Carla Mozée

EBITDA of Adani Group companies surged by 32.87% year-on-year to ₹22,570 crore

ANI

Adani Enterprises sees its quarterly profit grow nearly four times during the pandemic

PTI

Gautam Adani in striking distance of entering the top 20 richest club once again

Rounak Jain

Popular Keywords

Buying Guides