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Adani Enterprises Q4 Stand-Alone Profit Up More Than 3-Fold

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Adani Enterprises Ltd.'s fourth quarter stand-alone net profit rose more than three-fold to Rs.170.53 crore or Re.1.55 per share from the Rs.49.68 crore or Re.0.47 per share reported in Q4FY11.

Its quarterly net income from operations stood at Rs.1,400.06 crore, up by 80 percent from the Rs.778.99 in the year-ago quarter, while other operating income was Rs.6.73 crore, compared with Rs.0.96 crore in Q4FY11. Other income for the quarter was Rs.148.27 crore, compared with Rs.146.37 crore in the year-ago quarter.

For the 12 months period, its net profit totaled Rs.361.72 crore, up by 34 percent from the Rs.269.11 crore in 2011. Total income, including other operating income, was Rs.5,282.20 crore, compared with Rs.2,926.85 crore, an increase of 80 percent.

Consolidated Results

The company reported fourth-quarter consolidated net profit of Rs.309.45 crore or Rs.2.81, while the same was at Rs.928.20 crore or Re.8.57 per share in the year-ago quarter. Total income from operations, including other operating time, stood at Rs.10,636.95 crore, while it posted Rs.9,111.62 crore in the year-ago quarter.

For the fiscal year, it reported a consolidated net profit of Rs.1,839.21 crore, whereas last year it was Rs.2,476.09 crore in 2011. Total income from operations, including other operating income, amounted to Rs.39,355.63 crore, compared with Rs.26,405.47 crore, reflecting a 49 percent growth.

The company said the consolidated results were not comparable with that of the previous year, as the current year's figures included the results of the operations of Mundra Port Pty. Ltd. and Adani Abbot point Terminal Holding Pty. Ltd., Australian subsidiary companies effective June 01, 2011.

The company maintained leadership position by importing 36 million MT of coal and captured 50 percent market share in this fiscal.

Chairman Gautam Adani said, "Adani Enterprises has pioneered a unique leadership initiative to transform itself into an integrated business player and to focus on three core businesses of resources, logistics and energy. These three businesses are strong enough on their own and bring synergy for the stakeholders. The Adani Group would continue to build its strengths in these core sectors nationally and internationally."

The company said its board had recommended a dividend of 100 percent or Re.1.00 per equity share of Rs.1 each for the fiscal year 2012.

The board also appointed Ravindra Dholakia, as an Independent Director in the casual vacancy caused due to sad demise of A. C. Shah.

At the BSE, Adani Enterprises shares are currently trading at Rs.241.50, up 4.50 percent from the previous close.

For comments and feedback contact: editorial@rttnews.com

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