Adani Enterprises Ltd, the flagship company of the Adani Group, on Wednesday said consolidated net profit in the March quarter touched Rs.167 crore.
The company said that earnings for the quarter and the fiscal year 2015-16 are not comparable with previous corresponding periods due to the demerger of ports, power and transmission businesses from Adani Enterprises from 1 April 2015.
Consolidated total income from operations for the quarter was Rs.10,950 crore. The consolidated total income from operations for the fiscal year ended 31 March 2016 wasRs.44,023 crore. Consolidated profit after tax for FY16 is Rs.1,041 crore.
Gautam Adani, chairman Adani Group, said, “Our portfolio of businesses across mining, Renewable energy and agro vertical benefits from vastly improved macro-economic and regulatory environment. Encouraging policy initiatives particularly in renewable space, enables us to explore new business opportunities in the sector.”
Ameet Desai, CFO, Adani Group and executive director, Adani Enterprises, said, “Our results reflect growth in operating performance across mining, city gas and agro businesses. We have already begun our renewable foray by commencing activities in solar generation.”