Adani Enterprises Q4 net profit jumps 60% to Rs 221 crore

Adani Enterprises Q4 net profit jumps 60% to Rs 221 crore

Adani Enterprises, the flagship firm of Adani Group, today reported a 60 per cent jump in its consolidated net profit to Rs 221 crore for the fourth quarter ended March on the back of higher contribution from coal trading. The Gautam Adani-led firm had clocked a net profit of Rs 138 crore in the year-ago quarter. “The PAT for Q4 FY17 is Rs 221 crore. The company has enhanced its financial performance on comparable basis on account of higher contribution from coal trading and MDO (Mine Developer and Operator) as well as commencement of generation from the renew-ables businesses,” the company said in a statement.

The company said its income from operations for the quarter increased by 50 per cent to Rs 12,195 crore as against Rs 8,151 crore for the corresponding period in the previous year. “The EBIDTA for the quarter increased by 53 per cent to Rs 999 crore,” it said. Read more

Credits:financialexpress.com

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