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Adani Enterprises zooms on reporting 7-fold jump in Q1 consolidated net profit

Adani Enterprises is currently trading at Rs. 131.50, up by 5.80 points or 4.61% from its previous closing of Rs. 125.70 on the BSE.

The scrip opened at Rs. 127.00 and has touched a high and low of Rs. 132.95 and Rs. 124.10 respectively. So far 711931 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 180.70 on 23-May-2019 and a 52 week low of Rs. 113.00 on 16-May-2019.

Last one week high and low of the scrip stood at Rs. 132.95 and Rs. 121.30 respectively. The current market cap of the company is Rs. 14154.56 crore.

The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 21.71% and 3.37% respectively.

The company has reported net profit of Rs 468.79 crore for first quarter ended June 30, 2019 as against net loss of Rs 7.16 crore for the same quarter in the previous year. Total income of the company increased by 99.48% at Rs 5,513.00 crore for Q1FY20 as compared Rs 2,763.70 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 7-fold jump in its net profit at Rs 570.14 crore for the quarter under review as compared to Rs 80.14 crore for the same quarter in the previous year. Total income of the company increased by 39.43% at Rs 10,685.86 crore for Q1FY20 as compared Rs 7,664.20 crore for the corresponding quarter previous year.

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