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Adani Enterprises Limited’s consolidated net profit after tax (PAT) recorded about a three-fold jump to Rs. 172 crores for the July-September quarter of FY 2018-19. The company had earlier recorded a net profit of Rs 59 crores in the corresponding period previous fiscal.
According to the company’s regulatory filings, the consolidated revenue from operations rose 7 per cent to Rs. 9,155 crores during the quarter under review, as against Rs. 8,546 crore in the corresponding period in the preceding year.
Gautam Adani, Adani Group Chairman said, “At Adani Enterprises, we continue our journey of creating world-class assets, endorsing benefits of diversification, integration and superior business portfolio. Our focus on building global scale India-centric businesses would enable us to create value for our stakeholders.”
As per the company’s statement, they have supplied washed coal of 3.09 million tonnes (MT) to Rajasthan Rajya Vidyut Utpadan Nigam in Q2 FY19. On the solar manufacturing front, the company established India’s Largest Solar Cell and module manufacturing unit in Mundra SEZ.
In the food business segment, the company stated that it has maintained its leadership position with its ‘Fortune’ brand and continues to lead the refined edible oil market with more than 20 per cent market share. The company has won bids from Food Corporation of India to set up silos at Darbhanga and Samastipur in Bihar with a capacity of 50,000 metric tonnes.
