Adani Enterprises net profit surges to Rs 283 cr in Q4

Adani Enterprises net profit surges to Rs 283 cr in Q4

Agency News

New Delhi, May 29: Adani Enterprises Ltd, a part of the Adani Group, on Wednesday reported a net profit of Rs 283 crore in quarter 4 of fiscal 2018-19 against Rs 188 crore in the same period last year.

However, its net profit for the financial year 2018-19 declined to Rs 717.14 crore from Rs 757.25 crore for the corresponding period last year, the company said while releasing its financial results.

The company’s consolidated income from operations for the quarter increased by 36 per cent to Rs 13,237 crore vs Rs 9,767 crore for the corresponding period in the previous year. The EBIDTA for the quarter decreased by 5 per cent to Rs 943 crore vs Rs 994 crore in Q4 FY 18.

Gautam Adani, Chairman, Adani Group, said, “Adani Enterprises continues to focus on incubating businesses of national importance, building second generation infrastructure and utilities. With stable Government and emphasizing policy initiatives pave the way for growth opportunities across sectors. Our endeavour is to establish businesses of the future, creating better value for the stakeholders in long term.”