Adani Enterprises Ltd, the flagship incubator of billionaire Gautam Adani’s conglomerate, on Thursday reported a 37 per cent decline in its consolidated net profit to Rs 450.58 crore for the fourth quarter ended March 2024, as cost of input materials more than doubled. However, its revenue from operations during January-March 2024 rose to Rs 29,180.02 crore, from Rs 28,943.84 crore in the year-ago period.
Dabur India’s net profit had stood at Rs 722.48 crore in the corresponding period last year and Rs 1,888.45 crore earning in the preceding quarter, according to a BSE filing by the company.
Its operating as well as cost of input materials soared during the quarter.
For the full fiscal year 2023-24, net profit soared 31 per cent to Rs 3,240.78 crore. This is despite revenue from operations falling to Rs 96,420.98 crore from Rs 127,539.50 crore in 2022-23.
