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Adani Enterprises on Saturday reported a growth of 56 per cent in its consolidated net profit for the quarter ended December 31, 2010 at Rs 474 crore.
The company had posted a net profit of Rs 361 crore during the same quarter of the last fiscal, it said in a filing to the Bombay Stock Exchange.
However, company’s turnover declined by 11 per cent during the quarter at Rs 5,640 crore as compared to Rs 6,372 crore it had reported in the corresponding quarter of 2009-10. Adani Enterprises, however, did not attribute any particular reason in its filing for the fall in its turnover.
For the nine months period, between April to December, 2010, the company posted a jump of about 167 per cent in its net profit at Rs 1,548 crore vis-a-vis Rs 580 crore of the same period of last fiscal.
Scrips of the company were traded at Rs 585.25 on Friday at the Bombay Stock Exchange, up 0.44 per cent from the previous close.
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