Adani Enterprises Ltd Q3 PBT rises by 318% to Rs 440 crore

Adani Enterprises Ltd (AEL)’s consolidated profit before tax (PBT) for the quarter ended December 31, 2019 grew by 317.80 per cent to stand at Rs 440.16 crore. As against this, the company’s consolidated PBT in Q3 of previous fiscal 2018-19 was Rs 105.35 crore.

Consolidated total revenue for AEL in Q3 of FY’20 grew marginally by 4.99 per cent to Rs 11075.32 crore with contributions from its integrated coal management (ICM), mining services and solar manufacturing businesses, among others. The company’s consolidated total revenue in the third quarter of previous fiscal was Rs 10548.14 crore.

In the third quarter, AEL’s ICM volume grew by 24 per cent in Q3 of FY’20 to stand at 20.42 million metric tonnes (mmt) as against 16.41 mmt in Q3 of FY’19 while its mining services production rose by 28 per cent to 4.77 mmt, up from 3.74 mmt in Q3 of FY’19. Its solar manufacturing volume, on the other hand, doubled from 140 Mw in Q3 of FY’19 to 283 Mw in Q3 of FY’20.