Adani Enterprises standalone net up 10%

Adani Group’s flagship, Adani Enterprises Ltd (AEL) on Wednesday posted standalone net profit at ₹208 crore for the quarter ended December 2019 — up over 10 per cent from ₹188 crore reported in the corresponding quarter a year ago.

Company’s standalone income from operations stood at ₹3,826 crore for the quarter, down from ₹4,510 crore reported in the year-ago period.

On consolidated-basis, the company’s net profit (attributable to owners of the company) for the period stood at ₹426 crore, up from the ₹92 crore reported in the same quarter last year, indicating a sharp over 360 per cent jump.

Company’s consolidated revenues from operations for the quarter stood at ₹10,948 crore (₹10,430 crore).