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ADANIENT Q4 Results 2024

ADANI Enterprises released its 4th quarter report on May 2nd, after the board of directors meeting. In the report for Q4, the net income was ₹3,251.35 cr compared to the previous year ₹2,404.98 cr, which shows a 35.2% approximate increase. 

by Damodharan N

Updated May 02, 2024

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ADANIENT Q4 Results 2024

Adani Enterprises 

Adani Enterprises Limited is a big business that was listed in 1993. The company is engaged in four core verticals: energy and utility, transportation and logistics, consumer goods, and primary industries. In these primary industries are mining and manufacturing.

With these diverse portfolios, the company is venturing into the world of big tech, like data centers. The company also serves as an incubator with the successful listing of Adani Power, Adani Transmission, Adani Green Energy, and Adani Port, among others. The company also plays a key role in achieving self-reliance in important economic growth potential zones. 

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ADANIENT Q4 Results 2024

Adani Enterprises released their Q4 results after the board meetings that were held on May 2nd from 1.00 p.m. to 2.40 p.m. As the company is large and has a lot of verticals and subsidiaries within its purview, we have given a basic gist of the total income and loss compared with a year-on-year basis for the previous quarter. 

Particulars

Q4 FY24

Q4 FY23

Total Income

₹3,251.35

₹2,404.98 

Total Expenses

₹3,249.41

₹2,422.16

Profit/(Loss) Before Tax from Discontinued Operations

₹1.94

(₹17.18) 

In this report, the company has reported a 35.2% approximate increase in total income from the previous quarter, and expenses rose to 34.1% approximately from the previous quarter of the same year. The firm’s financial report for FY23–24 shows that profit was down by 38% and loss increased by approximately 69.12% compared to the previous year. 

Metric

FY23 (YoY)

FY24

Change

Net Profit

₹723 cr

₹451 cr

38% decrease 

One-time Loss

Loss of ₹369 cr

Loss of ₹624 cr

₹255 cr Increase

Revenue

₹28,944 cr

₹29,180 cr

Up 0.8%

EBITDA

₹3,607 cr

₹3,195 cr

Down 11%

Margin

12.5%

10.9%

Decrease by 1.6%

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ADANIENT Board Meetings 

Adani Enterprises had board meetings on May 2nd from 1 p.m. to 2 p.m., in which the board of directors had to decide a lot of things, but the most important primary thing was to discuss the standalone and consolidated audited figures for the quarter that ended on March 31st.

Next, convene the 32nd Annual General Meeting on June 24, 2024, at 2:30 p.m., either through video conference or via audio call. The board also discussed Mr. Rajesh S. Adnai and Pranav V. Adani's postings to be extended for 5 more years based on the tenure-ending date. The board also discussed the dividend payment schedule that needs to be approved by the shareholders at the upcoming AGM. 

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ADANIENT Dividend Date 

Adani Enterprises has announced its dividend date of June 30, 2024, with a dividend price of Rs. 1.30 per equity share with a face value of Rs. 1 that needs to be approved during the upcoming AGM.

The company also announced June 14 as the record date, which will determine who is entitled to the share dividend. The annual general meeting will be held on June 24, 2024, and will decide the dividend amount. Once it's agreed on, the shareholders will get a dividend profit. 


ADANIENT Q4 Results 2024 - FAQs

1. When was ADANIENT Q4 Results 2024 released?

The ADANIENT Q4 Results for 2024 were released on May 2nd, after the board meeting that was held on that date. 

2. What is the net income for Q4 of 2024?  

The net income for Q4  ADANIENT 2024 was ₹3,251.35, which is approximately 35.2% compared to the previous quarter. 

3. What is the dividend amount for the year 2024?  

The dividend amount of ADANIENT 2024 is Rs. 1.30 per equity share with a face value of Rs. 1.

4. When is the dividend date for ADANIENT 2024?  

The dividend date of the ADANIENT is June 30, 2024, which will be agreed upon at the 32nd AGM. 

5. What are the four core sectors of the ADANIENT?  

The four core sectors are energy and utilities, transportation and logistics,  consumer goods, and primary industries. 

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