Adani Enterprises Q1 net up 7-fold at Rs 570 cr, income rises 39%
Adani Enterprises on Thursday reported over sevenfold jump in consolidated net profit to Rs 570.14 crore for the quarter ended June 30, 2019 on the back of higher income.
The Gautam Adani group company had clocked a profit of Rs 80.14 crore in the year-ago period, Adani Enterprises said in a BSE filing.
The company in a statement said the net profit attributable to owners for June quarter 2019-20 increased to Rs 601 crore as against Rs 169 crore in the same period of 2018-19.
This includes one-time income of Rs 328 crore recognized in the company’s MDO (Mine Development and Operations) business.
Total income grew 39 per cent during the quarter under review to Rs 10,685.86 crore from Rs 7,
