Companies

Adani Enterprises net down 40% at Rs 299 cr

Our Bureau Ahmedabad | Updated on January 22, 2018

Adani Enterprises Ltd (AEL) reported net profit of Rs 299 crore for the second quarter ended September 2015, as against the comparable Rs 496 crore reported in the corresponding quarter a year ago, down 40 per cent.

Its’ consolidated income for the period increased by six per cent to Rs 11,390 crore as against Rs 10,752 crore in the same period last year. The consolidated income from Operations for quarter is Rs 11,390 crore against Rs 10,752 crore in the corresponding period last year on comparable basis.

The consolidated net profit for the first half of the fiscal stood at Rs 679 crore against Rs 761 crore in the corresponding period last year on comparable basis. The consolidated income from Operations for half year is Rs 22,665 crore against Rs 23,181 crore in the corresponding period last year on comparable basis.

Gautam Adani, Chairman Adani Group, said, “Adani Enterprises continue on growth path with focus on Renewable Energy, Coal Trading, Mine Development & Operations, Agro and CGD. Robust economic growth and appropriate Government initiatives would enhance market opportunities. Our strategic presence across the key sectors would create value for our stakeholders.”

The company further mentioned that the quarter and half year figures are not comparable with the corresponding period, consequent to demerger of Ports, Power and Transmission businesses effective from April 1, 2015.

Published on November 02, 2015

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