Adani Enterprises today reported a net profit of Rs 210.29 crore for the second quarter ended September 30...
Adani Enterprises today reported a net profit of Rs 210.29 crore for the second quarter ended September 30, 2014, helped by increase in income from operations during the period.
The company had reported a net loss of Rs 416.95 crore during the same period last fiscal, Adani Enterprises said in a statement.
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Total income from operations of the company grew 3 per cent to Rs 14,067 crore as against Rs 13,602 crore in the corresponding period last year.
On half yearly basis, total income increased by 22 per cent to Rs 30,591 crore as against Rs 25,149 crore in the corresponding period last year.
The consolidated profit after tax for half year is Rs 767 crore.
“The policy measures announced by the new government to address the structural issues impacting infrastructure and energy sectors will revive investment in the sectors. We remain committed to our investment programme across resources, logistics and energy verticals to cater to the increasing demand in the country,” Gautam Adani, Chairman, Adani Group, said.
The coal trading volume, in the first six months of the current financial year, grew to 11.5 million tonnes (MT) during the period as compared to 10.96 MT in the same period, last year.
During the July-September period, ports cargo volume grew to 35.2 MT as compared to 28.1 MT in the corresponding period of the last financial year.
Power sales volume grew by 16 per cent to 10.5 billion units (BUs) in the quarter ended September 30, compared to 9.1 BUs in the same period, last fiscal.
On a standalone basis, the company posted a net profit of Rs 212.28 crore for the quarter as compared to net loss of Rs 102.25 crore for the quarter ended September 30, 2013.
Total income increased from Rs 3564.49 crore for the quarter ended September 30, 2013 to Rs 3785.20 crore during the same period, last fiscal.
Shares of Adani Enterprises closed at Rs 480.15, down 1.09 per cent on the BSE.