Adani Enterprises' ability to service debt improves
Adani Group's flagship company, Adani Enterprises Ltd, has improved its ability to service debt as of March 31, 2023, after its gross debt fell 7% to INR 38,320 crore, while earnings increased. The company's interest service coverage ratio rose to 3.09 compared with 2.41 a year earlier. EBITDA more than doubled to INR 10,025 crore, and the company's cash position rose 37% to INR 5,374 crore YoY.
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