Adani Group net profit up 107% in first half of FY24 but sales slow down

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The net profit of the listed Adani group companies more than doubled year-on-year (Y-o-Y) in the first half of 2023-24 (H1FY24), even as their revenue declined in this period.

The nine firms posted a 107.7 per cent jump in net profit at Rs 23,929 crore in April-September compared to the year-ago period. Net sales, on the other hand, were down 14 per cent to Rs 1.49 trillion in H1FY24, data collated by Business Standard showed. In comparison, the companies that are part of the Sensex clocked an 8.1 per cent growth in net sales and 13.3 per cent in net