Adani Group's flagship firm, Adani Enterprises Limited (AEL) reported consolidated net profit at ₹ 364 crore, which is lower by around 4 per cent from ₹ 380 crore in the same period last year.
Company's total consolidated income from operations for the quarter stood at ₹8,919 crore, as against ₹ 11,275 crore reported last year, down by 21 per cent on year-on-year basis.
Consolidated EBIDTA for the quarter stood at ₹ 807 crore, the company informed here.
Ameet Desai, CFO, Adani Group and Executive Director, Adani Enterprises, said, “We maintained our earnings growth trajectory during this quarter. The Government spending on infrastructure and other development projects, well progressing monsoon and pay revisions shall drive an up-tick in the investment cycle and energy demand leading to our improved performance.”
AEL shares ended positive at ₹ 79.40 on the National Stock Exchange (NSE) with 2.32 per cent gains over previous close.