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Adani Enterprises Limited (AEL) on Wednesday posted standalone net loss of ₹24.82 crore for the quarter ended September 30, 2018 as against the net loss of ₹16.40 crore reported in the corresponding quarter a year ago.
Company’s total standalone income from operations increased to ₹3,078 crore for the quarter from ₹1952 crore reported in the same quarter last year. On consolidated basis, however, the company posted net profit of ₹79.58 crore as against net loss of ₹15 crore reported in the corresponding quarter a year ago.
Total consolidated income from operations for the period under review stood at ₹9,155 crore as against ₹8,546 crore last year.
EBIDTA
Consolidated EBIDTA increased 11 per cent to ₹552 crore in the second quarter as against ₹496 crore in the same quarter last year. For the first half (April-September) period of FY, AEL posted standalone net loss of ₹32 crore as against net profit of ₹6.5 crore in the same period last year.
Implications
On consolidated basis, company reported net profit of ₹160 crore as against ₹126 crore last year. The consolidated results reflect improvement in the integrated coal manager (ICM) and mine development operation (MDO) verticals.
In MDO business at Parsa Kente coal mines in Chattisgarh, the Company has supplied washed coal of 3.09 MMT to RRVUNL in second quarter as compared to 1.71 MMT last year, showing an increase of 81 per cent.
“At Adani Enterprises, we continue our journey of creating world class assets, endorsing benefits of diversification, integration and superior business portfolio. Our focus on building global scale India-centric businesses will enable us to create value for our stakeholders,” said Gautam Adani, Chairman Adani Group.
AEL shares traded nearly flat with 0.5 per cent gain to close at ₹170 on the National Stock Exchange (NSE) on Wednesday.
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