Adani Enterprises Limited (AEL) on Wednesday posted standalone net loss of Rs 24.82 crore for the quarter ended September 30, 2018 as against the net loss of Rs 16.40 crore reported in the corresponding quarter a year ago.

Company's total standalone income from operations increased to Rs 3,078 crore for the quarter from Rs 1952 crore reported in the same quarter last year. On consolidated basis, however, the company posted net profit of Rs 79.58 crore as against net loss of Rs 15 crore reported in the corresponding quarter a year ago.

Total consolidated income from operations for the period under review stood at Rs 9,155 crore as against Rs 8,546 crore last year. Consolidated EBIDTA increased 11 per cent to Rs 552 crore in the second quarter as against Rs 496 crore in the same quarter last year.

For the first half (April-September) period of the fiscal, AEL posted standalone net loss of Rs 32 crore as against net profit of RS 6.5 crore in the same period last year. On consolidated basis, company reported net profit of Rs 160 crore as against Rs 126 crore last year.

The consolidated results reflect improvement in the integrated coal manager (ICM) and mine development operations (MDO) verticals. In MDO business at Parsa Kente coal mines in Chattisgarh, the Company has supplied washed coal of 3.09 MMT to RRVUNL in second quarter as compared to 1.71 MMT in last year, showing an increase of 81%.

"At Adani Enterprises, we continue our journey of creating world class assets, endorsing benefits of diversification, integration and superior business portfolio. Our focus on building global scale India-centric businesses would enable us to create value for our stakeholders,” said Gautam Adani, Chairman Adani Group.

AEL shares traded nearly flat with 0.5 per cent gain to close at Rs 170 on the NSE on Wednesday.

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