Adani Group Chairman Gautam Adani believes that the group has extraordinary opportunities. He also said that the best is yet to come for the group, which has bounced back after the shock of the Hindenburg Report.
In the annual report, the Adani Group Chairman said, “The challenges faced by the Group in the past year have only strengthened the Group’s resolve… The Group has limitless possibilities ahead and I can tell you that the Adani Group is much stronger than it is today. . “
Adani further said, “But the clean chit given to the group by the Supreme Court has demonstrated the group’s commitment to operational excellence and transparent disclosures, which has been endorsed not only by major rating agencies but also by global investors. Our trials became our strength…”
It may be noted that the group’s flagship company, Adani Enterprises, has recovered its entire loss due to the Hindenburg Research report. Apart from this, 5 of Adani Group’s 10 listed stocks have now reached pre-Hindenburg report levels.
Performance of Adani Group
Adani Group’s EBITDA jumped 45 percent to ₹ 82,917 crore. This led to a 70.8 percent jump in profit to a record ₹ 40,129 crore.
Due to good operational performance, liquidity in the group reached an all-time high and cash balance reached ₹59,791 crore.
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