Adani Enterprises Ltd.

Adani Enterprises, the flagship company of Adani Group, has reported results for the quarter ended September 30, 2012

The company has reported over three fold surge in its net profit for the quarter at Rs 141.95 crore as compared to Rs 46.02 crore for the corresponding quarter in the previous year. The company’s total income has increased by 49.06% at Rs 2538.65 crore for quarter under review as compared to Rs 1703.04 crore for the quarter ended September 30, 2011.

On consolidated basis, the group’s net profit after taxes, minority interest and share of profit of associates for Q2FY13 declined by 42.06% at Rs 320.21 crore as compared to Rs 552.68 crore for Q2FY12. Total Income of the group rose marginally by 2.57% to Rs 10477.03 crore for the quarter under review from Rs 10214.45 crore for the quarter ended September 30, 2011. Meanwhile, company’s consolidated total income for H1FY13 was up by 8% at Rs 21300 crore as against Rs 19681 crore in H1FY12.