{"id":142539,"date":"2023-02-22T09:39:22","date_gmt":"2023-02-22T14:39:22","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142539"},"modified":"2023-02-22T09:39:24","modified_gmt":"2023-02-22T14:39:24","slug":"adani-enterprises-ltd-q3-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/adani-enterprises-ltd-q3-fy23-earnings-conference-call-insights\/","title":{"rendered":"Adani Enterprises Ltd. Q3 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Adani Enterprises Ltd. (<a href=\"https:\/\/44.250.171.167\/symbol\/ADANIENT\/\">ADANIENT<\/a>) Q3 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:06:26] Nikhil Abhyankar of DAM Capital enquired that after the recent events, if ADANIENT is still going ahead with the capex plan for the renewable segments. Robbie Singh CFO said that there are couple of changes taken to respond to market volatility. ADANIENT will moderate some accelerations budgeted in the capex profile and will now continue on the ordinary course of business based capex.<\/li>\n<\/ul>\n<ul>\n<li>[00:08:40] Nikhil Abhyankar of DAM Capital also enquired about the contribution to revenue and EBITDA from the Carmichael mine. Robbie Singh CFO answered that Carmichael mine in 3Q23 contributed INR427 crores, and the number will continue to rise on the EBITDA line.<\/li>\n<\/ul>\n<ul>\n<li>[00:09:34] Tanu Poddar at Mount Intra Finance queried about the reason for decline in the airport segment results. Robbie Singh CFO replied that depreciation will continue to rise as the capex numbers rise. However, EBITDA numbers are continuing to rise. So non-cash depreciation at this business will rise for some time.<\/li>\n<\/ul>\n<ul>\n<li>[00:12:20] Nirav Shah from GeeCee asked about the MDO volume target. Vinay Prakash Director said that in FY23, ADANIENT will be around 30 million and next year 40 million. It\u2019s scaled down due to 1-2 projects getting delayed.<\/li>\n<\/ul>\n<ul>\n<li>[00:13:13] Nirav Shah from GeeCee enquired about any revised schedule in terms of commissioning of hydrogen capacities. Vinay Prakash Director said the first stage of projects was related to the integrated manufacturing, which is continuing. The company is continuing with the Adani New Industry projects for the past two years.<\/li>\n<\/ul>\n<ul>\n<li>[00:16:30] Dhananjay Kumar from Sunidhi Securities asked if there is any changes in the Navi Mumbai greenfield project. Robbie Singh CFO clarified that in ongoing projects there is no change and Navi Mumbai project will be completed on schedule. However, new commitments won\u2019t be made until the volatility period is settled.<\/li>\n<\/ul>\n<ul>\n<li>[00:19:35] Bajrang Bafna from Sunidhi Securities asked how the capex requirements will be met for the ongoing projects in next 12 months. Robbie Singh CFO clarified that over the next 6 weeks, ADANIENT will come with a formal plan. Existing projects are fully funded and continuing.<\/li>\n<\/ul>\n<ul>\n<li>[00:21:29] Anshuman Ashit from ICICI asked about the volume for the nine months from the Carmichael mine. Vinay Prakash Director answered that roughly it\u2019s about 5.5 million tons for nine months and for 3Q23 2.5 million tons.<\/li>\n<\/ul>\n<ul>\n<li>[00:23:21] Anshuman Ashit from ICICI asked about IRM volume target for FY24. Vinay Prakash Director replied that this year the company is going to be plus 70 million tons. And for next year, it\u2019s expected to have the same number or little higher than that.<\/li>\n<\/ul>\n<ul>\n<li>[00:23:56] Anshuman Ashit from ICICI enquired if the market demand supply gap still exists and if it will continue in CY23. Vinay Prakash Director replied that it still exists and the company expects it to continue for the next year also. As of now ADANIENT is very positive in terms of demand.<\/li>\n<\/ul>\n<ul>\n<li>[00:24:21] Anshuman Ashit from ICICI asked if the company has done the financial closure for the Ganga Expressway project. Vinay Prakash Director clarified that all the sanctions have been completed and some precedents are pending that will be completed in the next 2-3 months.<\/li>\n<\/ul>\n<ul>\n<li>[00:28:50] Nikhil Abhyankar from DAM Capital asked that in solar, what\u2019s the total capacity that\u2019s operational right now. Robbie Singh CFO said it\u2019s 3.5 gigawatt by June.<\/li>\n<\/ul>\n<ul>\n<li>[00:30:17] Nirav Shah from GeeCee enquired about MDO operations, if Parsa Kente was a one-time thing. Vinay Prakash Director answered that it was a one-time stoppage. And additionally, the way ADANIENT is doing volumes, ADANIENT expects to have a good 4Q23.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Adani Enterprises Ltd. (ADANIENT) Q3 FY23 Earnings Concall Q&amp;A Highlights: [00:06:26] Nikhil Abhyankar of DAM Capital enquired that after the recent events, if ADANIENT is still going ahead with the capex plan for the renewable segments. Robbie Singh CFO said that there are couple of changes taken to respond to market volatility. [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Adani Enterprises Ltd. Q3 FY23 Earnings Conference Call Insights #ADANIENT #Q3 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[8206,10169],"class_list":["post-142539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-conglomerates","tag-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":145453,"url":"https:\/\/alphastreet.com\/india\/adani-enterprises-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":142539,"position":0},"title":"Adani Enterprises Ltd. Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"May 9, 2023","format":false,"excerpt":"Key highlights from Adani Enterprises Ltd. (ADANIENT) Q4 FY23 Earnings Concall Management Update: [00:03:21] ADANIENT said that for the first time EBITDA of incubating businesses grew by 375% to INR 5,043 crores, higher than the operating business EBITDA of INR 4,982 crores, which grew at 36%. Q&A Highlights: [00:09:22] Nikhil\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":141510,"url":"https:\/\/alphastreet.com\/india\/adani-enterprises-q3-fy23-consolidated-revenue-jumped-to-%e2%82%b926612-crore\/","url_meta":{"origin":142539,"position":1},"title":"Adani Enterprises Q3 FY23; Consolidated Revenue Jumped To \u20b926,612 Crore","author":"Hardik Bhandare","date":"February 14, 2023","format":false,"excerpt":"Adani Enterprises Limited (NSE: ADANIENT) reported Revenue from Operations for Q3 FY23 of \u20b926,612.23 Crore up from \u20b918,757.87 Crore year on year, a growth of 42%. The Consolidated PAT of \u20b9739.88 Crore, compared to \u20b91.80 Crore in the same quarter of the previous year. The Earnings per Share is \u20b97.21\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/bf314f50-2a47-4e46-a20d-efcdd90e9e7c-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/bf314f50-2a47-4e46-a20d-efcdd90e9e7c-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/bf314f50-2a47-4e46-a20d-efcdd90e9e7c-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/bf314f50-2a47-4e46-a20d-efcdd90e9e7c-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/bf314f50-2a47-4e46-a20d-efcdd90e9e7c-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/bf314f50-2a47-4e46-a20d-efcdd90e9e7c-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":132632,"url":"https:\/\/alphastreet.com\/india\/adani-green-energy-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":142539,"position":2},"title":"Adani Green Energy Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 9, 2022","format":false,"excerpt":"Key highlights from Adani Green Energy Limited (ADANIGREEN) Q1 FY23 Earnings Concall Q&A Highlights: Apoorva Bahadur from Investec asked about the aggressive pump hydro plans and the capacity the company is planning to build and the timelines. 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Ajith Kumar Chairman replied that it\u2019s a timing issue, and couple of one-off issues that have been added on. 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Q&A Highlights: [00:09:07] Ashay Jain of Jain Capital asked about the demand environment and\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":179383,"url":"https:\/\/alphastreet.com\/india\/adani-enterprises-ltd-adanient-q3-2026-earnings-call-transcript\/","url_meta":{"origin":142539,"position":5},"title":"Adani Enterprises Ltd (ADANIENT) Q3 2026 Earnings Call Transcript","author":"News desk","date":"February 3, 2026","format":false,"excerpt":"Adani Enterprises Ltd (NSE: ADANIENT) Q3 2026 Earnings Call dated Feb. 03, 2026 Corporate Participants: Robbie Singh \u2014 Chief Financial Officer Analysts: Mohit Kumar \u2014 Analyst Mahesh Patil \u2014 Analyst Manish Somaiya \u2014 Analyst Prateek Kumar \u2014 Analyst Dhananjay Mishra \u2014 Analyst Presentation: Operator Ladies and gentlemen, good day, and\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=142539"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142539\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=142539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=142539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=142539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}