Companies

Adani Enterprises standalone Q2 net up 33% to ₹274 cr

Our Bureau Ahmedabad | Updated on October 28, 2021

Gautam Adani, Chairman

Revenue from operations stood at ₹4,967 crore

Adani Group's flagship Adani Enterprises Limited (AEL) posted standalone net profit of ₹274 crore for the quarter ended September 30, up 33 per cent from ₹206 crore in the corresponding quarter last year.

The company's standalone revenue from operations stood at ₹4,967 crore (₹2,576 crore).

Consolidated net profit was ₹195 crore, down 55 per cent from ₹436 crore in the same quarter a year ago. Consolidated revenue from operations stood at ₹13,218 crore (₹9,126 crore).

Consolidated EBIDTA for the quarter increased 33 per cent to ₹1,262 crore due to increase in revenue and better margins in the company's Integrated Resource Management (IRM) business.

For the first half of the fiscal – April to September period – AEL posted consolidated total income of ₹26,328 crore, up 78 per cent year-on-year due to significant increase in IRM segment volumes and prices, company said in a statement. Consolidated EBIDTA for the six-month period increased by 77 per cent to ₹ 2,210 crore. Consolidated PAT attributable to owners from established businesses increased by more than 2 times to ₹1,185 crore due to higher EBIDTA, it said in a statement.

Gautam Adani, Chairman, Adani Group, said, “AEL's existing businesses are stronger than they have ever been – and, this year, we have launched several new businesses critical to a strong Atmanirbhar Bharat. These include a digital consumer aggregation platform, networked airport ecosystems, green data centres, and advanced road, metro and water infrastructure."

AEL shares ended at ₹1567.70, up 1.5 per cent on the BSE on Wednesday.

Published on October 27, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like