Adani Enterprises Ltd.'s shares are under scrutiny on Friday since the business announced it will release its March quarter earnings on May 2. The board of the main company of the Adani group will also take into account distributing a dividend for FY24, Adani Enterprises announced on Wednesday.
The company announced in its exchange filing with the bourses that the board of directors of the company will meet on Thursday, May 2, 2024, among other things, to approve and consider the audited financial results of the company for the quarter and year ended March 31, 2024, and to recommend dividends, if any, on the equity shares of the company for the financial year 2023–2024.
Adani Enterprises' stock ended the day at Rs 3,116.40, up 2.42 percent. The market valuation of the corporation as a whole was Rs 3.55 lakh crore. The March 2024 quarter saw a 12% increase in the price of Adani Enterprises' shares.
After quarterly results, the Adani Group company will have a conference call. "We hereby inform you that the company will hold a post results conference call with investors on May 2, 2024 to discuss the financial performance of the company," the document continued.
In July 2023, Adani Enterprises declared a dividend of Rs 1.20 per share. Three payouts of Re 1 each were declared for July 2022, July 2021, and March 2020. The company run by Gautam Adani announced a dividend of Rs 0.40 per share in July 2019.
Pledged shares of the promoters of Adani Enterprises decreased by 0.2% during the March 2024 quarter. One tool available to business promoters to get loans for operating capital requirements, personal expenses, and funding other projects or acquisitions is share pledges.
