Bharti Airtel Q1 Results Live: Telecom major Bharti Airtel announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on August 3, reporting a net profit of ₹1,612 crore, which came nearly flat compared to ₹1,607 crore in the corresponding period last year.
Meanwhile, earlier today, Adani Enterprises - the flagship company of the Gautam Adani-led conglomerate ‘Adani Group’, posted a net profit growth of 44 per cent on year at ₹674 crore for the quarter ending June 2023. The company's revenue fell 38 per cent year-on-year.
Adani Power reported a net profit of ₹8,759 crore for the first quarter of FY24, registering a robust growth of 83 per cent from ₹4,780 crore in the same quarter last year. Shares of Adani Power ended 2.69 per cent higher, while Adani Enterprises shares closed 2.37 per cent higher on Thursday after the Adani Group companies reported strong Q1 results.
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Bharti Airtel Q1 Results LIVE: Shares settle lower ahead of earnings announcement.
Ahead of announcing the Q1FY24 results, shares of Bharti Airtel settled 0.66 per cent lower at ₹871.95 apiece on the BSE. The telecom stock will be in focus during tomorrow's trading session.
Bharti Airtel Q1 Results LIVE: Home biz revenue grows 25%
The homes business segment delivered a revenue growth of 25.4 per cent YoY on harnessing the growing demand of high-speed, reliable broadband in India. Airtel saw 413000 customer additions during the June quarter to reach to a total base of 6.5 million.
Bharti Airtel Q1 Results LIVE: Business hit by Nigerian currency devaluation
During the June quarter, Airtel was hit by the foreign exchange loss due to Nigerian currency devaluation. For the Africa business, the company's revenue in constant currency rose 20 per cent YoY, with an EBITDA margin of 49 per cent, up 83 bps year-on-year. The customer base of Africa stands at 143.1 million, according to the company's statement.
Bharti Airtel Q1 Results LIVE: Customer base metrics
Airtel strengthened its leadership position in the postpaid segment with the highest ever net addition of 0.8 million in the June quarter, reaching a customer base of 40.4 million.
“We continue to garner a strong share of 4G customers in the market and added 24.5 Mn 4G data customers to our network over last year, an increase of 11.9 percent YoY. We continue to deliver industry leading ARPU along with growing average data usage per data customer at 21.1 GBs/month," said Airtel in a regulatory filing to the stock exchanges.
Bharti Airtel Q1 Results LIVE: ARPU improves to ₹200
The average revenue per user (ARPU) per month, a crucial metric used by telecom companies to measure revenue generation, increased 9.28 per cent to ₹200, compared to ₹183 in the corresponding period last year, on the back of sustained focus on acquiring quality customers and improved realizations on account of premiumization.
Bharti Airtel Q1 Results LIVE: Revenue up 14% YoY
The telecom major's revenue from operations during the first quarter of current fiscal stood at ₹37,440 crore, registering a rise of 14 per cent, compared to ₹32,850 crore in the year-ago period.
Bharti Airtel Q1 Results LIVE: Airtel reports Q1FY24 results
Bharti Airtel announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on August 3, reporting a net profit of ₹1,612 crore, which came nearly flat compared to ₹1,607 crore in the corresponding period last year
Adani Q1 Results LIVE: Adani Power Q1 EBITDA
At the operating level, EBITDA declined 35 per cent to ₹3,514 crore in the first quarter of this fiscal, compared to ₹5,412 crore in the corresponding period in the previous fiscal. EBITDA growth was supported by contribution of the Godda power plant.
Adani Q1 Results LIVE: Shares of Adani Power settle higher post-earnings
After announcing their Q1FY24 results, shares of Adani Power settled 2.69 per cent higher at ₹274.90 apiece on the BSE.
Adani Q1 Results Live: Adani Enterprises shares gain over 2% after Q1 results
Adani Enterprises share price closed more than 2% higher on Thursday after the company reported its Q1FY24 results. Adani Enterprises shares ended 2.37% higher at ₹2,531.90 apiece on the BSE.
Adani Q1 Results Live: Adani Power shares end over 2% higher after Q1 results
Adani Power share price ended over 2% higher after the company reported its financial performance for the quarter ended June 2023. Adani Power shares closed 2.69% higher at Rs274.90 apiece on the BSE.
Adani Q1 Results Live: Adani Airports handles 21.3 million passengers in Q1
In Q1FY24, Adani Airports handled 21.3 million passengers (up by 27% YoY); 141.6k Air Traffic Movements (up by 12% YoY) and 2.5 lakh MT cargo (up by 9% YoY), Adani Enterprises said.
Adani Q1 Results Live: Adani Enterprises Q1 Results Highlights
Adani Enterprises Q1 results on a consolidated basis:
- Total consolidated income stood at ₹25,810 crore on account of correction in coal prices
- EBITDA increased by 47% to ₹2,896 crore on account of strong operational growth
- Net profit increased by 44% to ₹674 crore
Adani Q1 Results Live: Adani Group Chairman Gautam Adani on Adani Enterprises Q1 results
“Every quarter, year after year and across three decades, Adani Enterprises has consistently proven its reputation not only as India’s most successful business incubator but also as a global powerhouse in infrastructure development. These results are a validation of the Adani Group's robust operational and financial achievements. These outcomes, led by our incubating business of Adani Airports, Adani New Industries, Data Center and Adani Roads, not only underscore our history of creating and nurturing new and vital infrastructure businesses but also emphasise the future value and growth potential of the diverse Adani portfolio. Our expertise in executing large-scale projects, like Kutch Copper, Navi Mumbai Airport, the certification of India’s first 5 MW onshore wind turbine, coupled with our world-class O&M capabilities are fundamental drivers that continue to accelerate our infrastructure journey that is poised to play a significant role in meeting the aspirations of largest emerging middle class cohort in the world. As we explore strategic expansion and growth, we remain committed to upholding the highest standards of governance, compliance and performance," said Gautam Adani, Chairman of the Adani Group.
Adani Q1 Results Live: Adani Power PLF rises to 60.1%
Adani Power achieved an average consolidated Plant Load Factor (PLF) of 60.1% and sales of 17.5 Billion Units (BU) on an installed capacity of 15,250 MW, as compared to consolidated PLF of 58.6% and sales volume of 16.3 BU on an installed capacity of 13,650 MW in the quarter ended 30th June 2022.
Adani Q1 Results Live: Adani Power’s installed capacity grows to 15,250 MW
Adani Power’s installed capacity grows to 15,250 MW as of June 30, 2023, from 13,650 MW as of June 30, 2022, after commissioning of the 1,600 MW Godda Ultra-supercritical Power Plant, which supplies cross-border power to Bangladesh.
Adani Q1 Results Live: Adani Power revenue declines 19.8% YoY to ₹11,006 crore
Adani Power’s revenue from operations in Q1FY24 declined 19.8% to ₹11,006 crore from ₹13,723 crore in the corresponding quarter of last fiscal.
Adani Q1 Results Live: Adani Power net profit jumps 83% YoY to ₹8,759 crore
Adani Power reported a net profit of ₹8,759 crore for the first quarter of FY24, registering a robust growth of 83% from ₹4,780 crore in the same quarter last year.
Adani Q1 Results Live: Adani Enterprises EBITDA rises 45% to ₹2,524 crore; margins expand
Adani Enterprises Q1 earnings before interest, taxes, depreciation and amortization (EBITDA) during the quarter rose 45% to ₹2,524 crore from ₹1,742 crore, YoY. EBITDA margin expanded to 9.9% from 4.36%, YoY.
Adani Q1 Results Live: Adani Enterprises revenue falls 38% to ₹25,438 crore
Adani Enterprises’ revenue during the quarter declined 38% to ₹25,438 crore from ₹40,844 crore, YoY.
Adani Q1 Results Live: Adani Enterprises net profit rises 44%
Adani Enterprises reported a net profit of ₹674 crore for the quarter ending June 2023, registering a growth of 44% from ₹469 crore in the same period last year.
Adani Q1 Results Live: Adani Power shares gain nearly 3% ahead of Q1 results
Adani Power share price gained nearly 3% ahead of the announcement of Q1 results today. Adani Power shares rose as much as 2.96% to hit an intraday high of ₹275.65 apiece on the BSE.
Adani Q1 Results Live: Adani Enterprises shares rise ahead of Q1 results
Adani Enterprises share price was trading higher ahead of the release of Q1 results. Adani Ent share price gained as much as 2.84% to hit an intraday high of ₹2543.75 apiece on the BSE.
Adani Enterprises shares touched a 52-week high of ₹4,189.55 on December 21, 2022, and it hit a 52-week low of ₹1,017.10 on February 3, 2023.
Adani Q1 Results Live: Adani Energy Solutions Q1 net profit falls 6% YoY to ₹175 crore
Adani Energy Solutions (formerly Adani Transmission) posted a consolidated net profit of ₹175 crore in the quarter ended June 2023, falling 6% from ₹186 crore in the same quarter of last year.
The company’s revenue from operations in Q1FY24 rose 17% to ₹3,664 crore from ₹3,132 crore in the year-ago period.
Adani Q1 Results Live: Adani Green Energy Q1 net profit jumps 51% to ₹323 crore
Adani Green Energy Ltd reported a 51% year-on-year (YoY) rise in its consolidated net profit at ₹323 crore for the quarter ended June 2023. The company had posted a net profit of ₹214 crore in the same quarter last year.
The Adani Group renewable energy company’s consolidated revenue from operations in Q1FY24 increased 33% to ₹2,176 crore from ₹1,635 crore, YoY.
Earnings before interest, taxes, depreciation and amortization (EBITDA) during the quarter jumped to ₹2,081 crore from ₹948 crore, while EBITDA margin expanded to 95.6% from 58%, YoY. Read here
Adani Q1 Results Live: Adani Power posted net profit of ₹5,242.48 crore in March quarter
Adani Power had reported a consolidated net profit for the quarter ended March 2023 at ₹5,242.48 crore, registering a 12.9% YoY growth. The company’s net profit in FY23 was ₹10,727 crore, up 118.4% YoY.
Total income in Q4FY23 fell to ₹10,795 crore. The consolidated total revenue of the firm grew by 35.8% at ₹43,041 crore in FY23.
Adani Q1 Results Live: Adani Enterprises’ net profit in last quarter jumped 137% YoY to ₹722.48 crore
Adani Enterprises reported a net profit of ₹722.48 crore during the quarter ended March 2023, up by 137.40% YoY. The company’s net profit in FY23 reached ₹2,472.94 crore as against ₹776.56 crore during FY22, up by 218.44% YoY.
In Q4FY23, Adani Enterprises’ revenue from operations stood at ₹31,346.05 crore, up by 26% YoY. In FY23, its revenue was ₹136,977.76 crore.
Adani Q1 Results Live: Adani Power shares trade lower ahead of Q1 results today
Adani Power share price traded lower ahead of the release of Q1 results today. Adani Power shares fell as much as 1.5% to an intraday low of ₹263.70 apiece on the BSE.
Adani Power shares made a high of ₹270.85 apiece after opening at ₹267.75 for the day.
On BSE, Adani Power shares hit a 52-week high of ₹432.80 apiece on August 22, 2022, and a 52-week low of ₹132.55 apiece on February 28, 2023.
Adani Q1 Results Live: Adani Ent shares gain 1% ahead of Q1 results
Adani Enterprises share price was trading over 1% higher ahead of the announcement of Q1 results. Adani Enterprises shares gained as much as 1.20% to ₹2,503.00 apiece on the BSE.
Adani Q1 Results Live: Adani Enterprises, Adani Power to post earnings
Adani Enterprises, the flagship company of Adani Group and its power major Adani Power will release their earnings for the first quarter of FY24 today.
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