Adani Enterprises, Ahmedabad based diversified company has reported above three-fold jump in its consolidated net profit to Rs 2,339.5 million for the quarter ended Mar.31, 2021 as compared to Rs 612.1 million for the same quarter in the previous year.
However, total income of the company decreased by 0.06% at Rs 136,889.5 million for Q4FY21 as compared Rs 136,980.9 million for the corresponding quarter previous year. Consolidated EBIDTA increased by 65% at Rs. 10,680 million.
The company on standalone basis reported net profit at Rs 1268.4 million for the quarter ended Mar.31, 2021 as compared to net loss of Rs 806 million for the same quarter in the previous year. Total income of the company increased by 14.63% at Rs 47,527.1 million for Q4FY21 as compared Rs 41,463 million for the corresponding quarter previous year.
The Board has recommended Dividend of Re. 1.00 (100%) for the Financial Year 2020-21 per Equity Share having face value of Re. 1 each, fully paid up, subject to approval by shareholders of the Company.
Operational Highlights Q4 FY21 (YoY Basis) :
• Solar Manufacturing volume increased by 95% to 376 MW
• Mining Services production increased by 34% at 6.7 MMT• Integrated Resources Management (IRM) volume stood at 18.8 MMT vs 23.9 MMT
• Signed concession agreement for Guwahati, Jaipur and Thiruvananthapuram Airports on 19th January, 2021
• Formed joint venture "AdaniConnex" with EdgeConnex to develop and operate data centers throughout India
Gautam Adani, Chairman Adani Group, said, "I am pleased with the results Adani Enterprises has delivered. Despite the challenges our nation and our people have faced over the past year, we have remained true to the philosophy of atmanirbharta in every business that AEL incubates. The executional success we have been able to achieve in expanding into roads, water, airports and data centres augurs well for the Adani Group and our shareholders. In addition, our exciting businesses related to solar manufacturing, mining and airports are excellent examples of the Adani Group's ability to execute and deliver on the commitments we make to the markets."
For the year ended Mar. 31, 2021, on the consolidated basis, the company has reported a fall of 18.94% in its net profit attributable to owners at Rs 9,226.4 million as compared to Rs 11,381.7 million for the previous year. Total income of the company decreased by 8.61% at Rs 402,909.3 million for year as compared to Rs 440,862.1 million for year ended Mar. 31, 2020.
Shares of the company gained Rs 26.5, or 2.1%, to trade at Rs 1,288.70. The total volume of shares traded was 313,968 at the BSE (1.03 p.m., Thursday).
