Adani Enterprises Ltd announces Q3 and 9M FY24 Results

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Adani Enterprises Ltd (AEL), part of the Adani Group, today announced its results for the quarter and nine months ended December 31, 2023 The emerging core infra businesses under the incubation pipeline of AEL have shown strong operational performance and consistently reflected significant contribution to the growth journey during the last 9 months of this fiscal year. The company’s incubating businesses, comprising green hydrogen ecosystem, airports and roads contribute 45% of the overall EBITDA.

“Adani Enterprises has had a robust third quarter, with two of our major incubating businesses picking up momentum,” said Mr. Gautam Adani, Chairman of the Adani Group. “Our ongoing commitment to enhancing customer satisfaction and redefining the overall consumer experience at our airports remains steadfast. We are also pleased with the pace of our advance in establishing a fully integrated manufacturing chain for green hydrogen production.

This fully integrated approach will provide us a tremendous advantage in end-to-end planning, granting us superior control over the final product and its cost. The scale of opportunities these businesses present is not only unprecedented but also allows us to strongly position ourselves as a leading source of clean, sustainable and affordable alternative energy.”

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