{"id":555825,"date":"2023-02-15T11:26:03","date_gmt":"2023-02-15T05:56:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=555825"},"modified":"2023-02-15T13:32:41","modified_gmt":"2023-02-15T08:02:41","slug":"adani-enterprises-back-in-black-vows-to-cut-leverage","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-enterprises-back-in-black-vows-to-cut-leverage\/","title":{"rendered":"Adani Enterprises back in black, vows to cut leverage"},"content":{"rendered":"<p>Billionaire Gautam Adani-led group&#8217;s flagship firm Adani Enterprises Ltd on Tuesday reported a swing to profit in quarter ending December 2022 from a loss a year before, and vowed to lower leverage in an attempt to restore investor confidence that has been roiled by a damning report of a US short seller.<\/p>\n<p>The group, whose listed companies have lost over $120 billion in market value since Hindenburg Research released the report on January 24, said it had made no &#8220;material financial adjustments&#8221; owing to the allegations.<\/p>\n<p>Adani Enterprise Ltd&#8217;s (AEL) consolidated net profit was at Rs 820.06 crore in third quarter of current fiscal 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","protected":false},"excerpt":{"rendered":"<p>Billionaire Gautam Adani-led group&#8217;s flagship firm Adani Enterprises Ltd on Tuesday reported a swing to profit in quarter ending December 2022 from a loss a year before, and vowed to lower leverage in an attempt to restore investor confidence that has been roiled by a damning report of a US short seller. The group, whose listed companies have lost over $120 billion in market value since Hindenburg Research released the report on January 24, said it had made no &#8220;material financial adjustments&#8221; owing to the allegations. Adani Enterprise Ltd&#8217;s (AEL) consolidated net profit was at Rs 820.06 crore in third [&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":[146,130,234],"tags":[],"class_list":["post-555825","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555825","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=555825"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555825\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=555825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=555825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=555825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}