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.
'Market feels this Budget will promote all-round growth and that is what is giving it confidence.'
India Inc has an impressive report card to show for the first quarter of this financial year.
India on track to be third largest consumer economy by 2025.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
