Adani Enterprises consolidated EBIDTA increased by 65% to Rs1068cr; Stock gains 1%

The EBIDTA for the quarter increased by 65% at Rs1068cr owing to better margins in IRM segment and increased sales in Domestic Content Requirement segment in Solar Manufacturing business, leading to better profits.

May 05, 2021 03:05 IST India Infoline News Service

Adani Enterprises Ltd, part of the Adani Group, on Wednesday has announced its results for the fourth quarter ended March 31, 2021.

Financial Highlights Q4 FY21 (Consolidated) (YoY Basis)
  • Consolidated Total Income for the quarter remained constant at Rs13,689cr
  • The EBIDTA for the quarter increased by 65% at Rs1068cr owing to better margins in IRM segment and increased sales in Domestic Content Requirement segment in Solar Manufacturing business, leading to better profits.
  • The PAT attributable to owners (Before Exceptional Item) increased to almost 7 times at Rs413cr vs Rs61cr due to higher EBIDTA. The profit for Q4 FY21 was impacted by one-time exceptional loss of Rs179cr
Financial Highlights FY 21 (Consolidated) (YoY Basis)
  • Consolidated Total Income for the year stood at Rs40,291cr vs 44,086 crore due to 20% reduction in volumes in IRM segment
  • The EBIDTA for the year increased by 10% at Rs3,259cr owing to better performance in Solar Manufacturing segment due to increased sales in Domestic Content Requirement segment, leading to better margins.
  • The PAT attributable to owners (before exceptional items) increased by 26% at Rs1,182cr. FY 21 was impacted by one time exceptional loss of Rs. 259 crore and there was an exceptional gain of Rs.199cr in FY 20.
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”

Adani Enterprises was trading at Rs1,268.60 apiece up by Rs6.40 or 0.61% from its previous closing of Rs1,262.20 apiece on the BSE, at around 3:05 PM.

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