Business
Adani Enterprises net profit rises by 551 percent in Q3
Ahmedabad, Jan 30
India-based integrated
infrastructure player Adani Enterprises Ltd. Friday said its
consolidated net profit rose by 551 percent to Rs.444 crore for the
third quarter (Q3) of the current fiscal against Rs.68 crore reported in
Q3 of the last fiscal.
The consolidated total income for the
company in the time period under review increased by 30 percent to
Rs.17,850 crore against Rs.13,739 crore in the corresponding period last
year.
The consolidated EBITDA (earnings before interest, taxes,
depreciation, and amortization) also increased by 57 percent to
Rs.3,491 crore in Q3 in the current fiscal against Rs.2,227 crore in the
corresponding time frame last year.
It recently signed a
Memorandum of Understanding (MoU) with SunEdison Inc. to jointly invest
$4 billion in setting up India's largest integrated solar photovoltaic
manufacturing facility in Mundra, Gujarat, and also signed another MoU
with Australian energy major Woodside Energy for exploring business
opportunities across a broad spectrum in the oil and gas sector in
India.
While the consolidated EBIDTA increased by 58 percent to
Rs.9,845 crore against Rs.6,227 crore in the corresponding period during
the last fiscal year, the consolidated total income in the calendar
year 2014 increased by 25 percent to Rs.48,441 crore against Rs.38,884
crore in the corresponding period last year.
The consolidated
net profit for the year 2014 stood at Rs.1,211 crore compared with the
net loss of Rs.627 crore it suffered in 2013.












