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Adani Enterprises Ltd (AEL), the flagship firm of Adani Group, on Monday reported a consolidated PAT of Rs 196 crore, vis-à-vis Rs 349 crore in the third quarter of 2015-16, ended December 31, 2015.
However, the company clarified that the quarter and nine-month figures “are not comparable with the corresponding period, consequent to demerger of ports, power and transmission businesses, effective from 1st April 2015''.
On a comparable basis, the company said in a statement here that the consolidated income from operations during the quarter was down 17 per cent at Rs. 10,408 crore (Rs.12,564 crore), whereas consolidated EBIDTA was down 18 per cent at Rs. 654 crore (Rs.802 crore).
Gautam Adani, Chairman, Adani Group, said that the recent developments in the company’s business mix will go a long way in addressing energy sufficiency of the country and strengthen the overall socio economic status.
Ameet Desai, CFO, Adani Group, and Executive Director, Adani Enterprises, said the company’s mining development operations and agro-businesses showcased robust growth during the last nine months and coal trading had also shown volume growth.
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