Adani Enterprises PAT attributable to owners stood Rs392cr in H1FY21; stock trades flat

The PAT attributable to owners for H1 FY21 was Rs392cr versus Rs651cr (including a net exceptional gain of Rs 199 crores during H1 FY20), said Adani Enterprises.

Nov 05, 2020 03:11 IST India Infoline News Service

Adani Enterprises recorded a consolidated profit of Rs435.73 crore for the second quarter ended September 2020 (Q2FY21), compared to a net loss of Rs10.06cr a year ago same period.

The PAT attributable to owners for H1 FY21 was Rs392cr versus Rs651cr (including a net exceptional gain of Rs 199 crores during H1 FY20), said Adani Enterprises.

Consolidated total income stood at Rs9,312.14cr higher from Rs8,626.94cr in the corresponding period of the previous year.

Gautam Adani, Chairman Adani Group, said, “The ability to incubate, innovate and scale effectively and rapidly has been a defining philosophy of Adani Enterprises and we continue to learn and further improve this model. The combination of our confidence in this business model, and our faith in India’s growth story is demonstrated through the investments we are continuing to make in additional infrastructure sectors that are critical to nation-building."

Adani added, "Our move into roads and water infrastructure, data center parks, and airports including the addition of the Mumbai International Airport and the Navi Mumbai International Airport provides us with a transformational platform that will help us create several strategic and growth based adjacencies for our other businesses”

Key operational highlights of the quarter as per the filing are:
  • Solar Manufacturing volumes increased by 50% at 418 MW
  • Mining Services production increased by 17% to 3.5 MMT
  • IRM volume stood at 15.7 MMT vs 16.0 MMT
  • Took over the operations, management and development of Mangaluru and Lucknow Airports on 31st October and 2nd November respectively  Ahmedabad Airport to be taken over in November

At around 3.10 pm, Adani Enterprises was trading at Rs352.50 per piece up 0.24% on Sensex. The stock has touched the day's high and low of Rs354.60 per piece and Rs345.20 per piece respectively.

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