{"id":555638,"date":"2023-02-15T09:59:14","date_gmt":"2023-02-15T04:29:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=555638"},"modified":"2023-02-15T11:19:24","modified_gmt":"2023-02-15T05:49:24","slug":"adani-group-vows-to-reduce-leverage-flagship-swings-back-to-profit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-group-vows-to-reduce-leverage-flagship-swings-back-to-profit\/","title":{"rendered":"Adani Group vows to reduce leverage, flagship swings back to profit"},"content":{"rendered":"<p>Gautam Adani\u2019s flagship firm swung to a profit and pledged to lower leverage as the billionaire tries to win back investor confidence after a bruising report from short-seller Hindenburg Research wiped out more than $120 billion of his empire\u2019s market value. Adani Enterprises (AEL) on Tuesday reported a consolidated net profit of Rs 820.06 crore in third quarter of the current financial year compared to a loss of Rs 11.63 crore in the same period a year back, according to a stock exchange filing by the company.<\/p>\n<p>\u201cThe current market volatility is temporary,\u201d AEL Chairman Gautam Adani said in the earnings statement. \u201cAs a classical incubator with a vision of long-term value creation,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gautam Adani\u2019s flagship firm swung to a profit and pledged to lower leverage as the billionaire tries to win back investor confidence after a bruising report from short-seller Hindenburg Research wiped out more than $120 billion of his empire\u2019s market value. Adani Enterprises (AEL) on Tuesday reported a consolidated net profit of Rs 820.06 crore in third quarter of the current financial year compared to a loss of Rs 11.63 crore in the same period a year back, according to a stock exchange filing by the company. \u201cThe current market volatility is temporary,\u201d AEL Chairman Gautam Adani said in the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-555638","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=555638"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555638\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=555638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=555638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=555638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}