: Adani Group flagship, Adani Enterprises Ltd posted 62 per cent jump in the consolidated net profit for the third quarter ended December 2016 at Rs 340 crore on consolidated income from operations of Rs 8,606 crore.

For the nine-month period of the current fiscal, company posted consolidated net profit of Rs 767 crore on the total consolidated income from operations of Rs 25,119 crore.

The consolidated EBIDTA for the quarter stood at Rs 705 crore, while that for the nine-month period stood at Rs 2,092 crore.

As in the previous quarter, company has maintained its financial performance on comparable basis with contribution from mining, city gas and renewable businesses, AEL stated in a statement here.

"Government initiatives to curb the parallel economy and other reforms augur well for our businesses. We at Adani Enterprises continue to focus on business opportunities with sustainable returns and value enhancement," said Gautam Adani, Chairman Adani Group.

Commenting on the financial performance, Ameet Desai, Executive Director AEL, said, "Adani Enterprises demonstrated encouraging performance backed by mining, city gas and renewable businesses. Government’s focus of strong spending on infrastructure and energy space coupled with improving utilization and cost optimization enables the company to deliver on its growth plans."

AEL shares ended at Rs 90.50 on the National Stock Exchange (NSE) on Tuesday, down by 1.3 per cent from previous close.

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