Mumbai: Adani Enterprises , the flagship company of the Adani Group, said on Thursday that its fiscal fourth quarter net profit more than doubled from a year earlier, driven by strong performance at its roads business. Of the total debt at the end of FY23, Rs 27,776 crore was external debt, and the rest was founder's debt. This gave the company a debt-to-equity ratio of 0.21, compared with 0.81 a year earlier. "The past year's results represent indisputable evidence of the strength and resilience of the Adani Group's operational and financial performance. These exceptional results also highlight our consistent track record of gestating and building critical infrastructure businesses," Gautam Adani said.

Source: Economic Times May 06, 2023 00:09 UTC