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Adani Enterprises reports around 3-fold jump in Q2 consolidated net profit

Adani Enterprises has reported results for second quarter ended September 30, 2018.

The company has reported net loss of Rs 24.82 crore for the quarter under review as compared to net loss of Rs 16.40 crore for the same quarter in the previous year. However, total income of the company increased by 53.22% at Rs 3,169.81 crore for Q2FY19 as compared Rs 2,068.78 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 3-fold jump in its net profit at Rs 172.03 crore for the quarter under review as compared to Rs 59.08 crore for the same quarter in the previous year. Total income of the company increased by 7.44% at Rs 9,265.31 crore for Q2FY19 as compared Rs 8,624.06 crore for the corresponding quarter previous year