Adani Enterprises Q2 net plunges

New Delhi, Nov 3 (ANI): Adani Enterprises Ltd, the flagship company of the Adani Group, today announced its results for the second quarter and half year which ended on September 30, 2015.

The consolidated income from operations for half year generated Rs. 22,665 crore against Rs. 23,181 crore in the corresponding period last year on comparable basis.

The consolidated EBIDTA is Rs. 1,729 crore against Rs. 1,712 crore in the corresponding period last year on a comparable basis. The consolidated PAT for H1FY16 is Rs. 679 crore against Rs. 761 crore in the corresponding period last year on a comparable basis.

The consolidated income from operations for quarter is Rs. 11,390 crore against Rs. 10,752 crore in the corresponding period last year on a comparable basis. The consolidated EBIDTA is Rs. 797 crore against Rs. 922 crore in the corresponding period last year on a comparable basis.

The consolidated PAT for Q2FY16 is Rs. 299 crore against Rs. 496 crore in the corresponding period last year on a comparable basis.

Gautam Adani, Chairman Adani Group, said, “Adani Enterprises continues on the growth path with focus on renewable energy, coal trading, mine development and operations, agro and CGD.”

“Robust economic growth and appropriate government initiatives would enhance market opportunities. Our strategic presence across the key sectors would create value for our stakeholders,” he added. (ANI)

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