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Shreyas Ramdasi

Mechanical Engineer • 1y

Billionaire businessman Gautam Adani has increased his stake by 1.32% in Adani Enterprises from the open market in April to June quarter, a statement to stock exchanges stated on June 14.Adani Enterprises had reported a consolidated net profit of Rs 451 crore for the quarter ended March 2024, which was down by 38% on a year-on-year basis versus Rs 722.48 crore posted by the company in the corresponding quarter of the last financial year. The consolidated revenue from operations for the reporting quarter stood at Rs 29,180 crore, marginally up by 0.81% from Rs 28,944 crore reported in the year-ago period. Sequentially, the consolidated profit after tax (PAT) was down 76% against Rs 1,888.45 crore reported in Q3FY24 while revenue was 16.5% lower versus Rs 25,050 crore. Sequentially, the consolidated profit after tax (PAT) was down 76% against Rs 1,888.45 crore reported in Q3FY24 while revenue was 16.5% lower versus Rs 25,050 crore. The decline in Q4FY24 profit could be attributed.

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