Adani Enterprises Ltd posts Rs. 362.37 crore consolidated PAT in Q2FY21

ADANI ENTERPRISES LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.9312.14 crores during the period ended September 30, 2020 as compared to Rs.5502.02 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.362.37 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.29.79 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.3.30 for the period ended September 30, 2020 as compared to Rs.0.27 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 9312.14 crs	₹ 5502.02 crs	69.25%
Net Profit	₹ 362.37 crs	₹ 29.79 crs	1116.41%
EPS	₹ 3.30	₹ 0.27	1122.22%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.9312.14 crores during the period ended September 30, 2020 as compared to Rs.8626.94 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.362.37 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.49.50 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.3.30 for the period ended September 30, 2020 as compared to Rs.0.45 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 9312.14 crs	₹ 8626.94 crs	7.94%
Net Profit	₹ 362.37 crs	₹ 49.50 crs	632.06%
EPS	₹ 3.30	₹ 0.45	633.33%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.14814.16 crores during the 6 months period ended September 30, 2020 as compared to Rs.19312.80 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.392.16 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.650.70 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.3.57 for the 6 months period ended September 30, 2020 as compared to Rs.5.92 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 14814.16 crs	₹ 19312.80 crs	-23.29%
Net Profit	₹ 392.16 crs	₹ 650.70 crs	-39.73%
EPS	₹ 3.57	₹5.92	-39.7%

Mr. Gautam Adani, Chairman Adani Group, said, "The ability to incubate, innovate and scale effectively and rapidly has been a defining philosophy of Adani Enterprises and we continue to learn and further improve this model. The combination of our confidence in this business model, and our faith in India's growth story is demonstrated through the investments we are continuing to make in additional infrastructure sectors that are critical to nation building. Our move into roads and water infrastructure, data center parks, and airports including the addition of the Mumbai International Airport and the Navi Mumbai International Airport provides us with a transformational platform that will help us create several strategic and growth based adjacencies for our other businesses".

Shares of ADANI ENTERPRISES LTD. was last trading in BSE at Rs.345 as compared to the previous close of Rs. 340.85. The total number of shares traded during the day was 129302 in over 1858 trades.

The stock hit an intraday high of Rs. 349.6 and intraday low of 340.05. The net turnover during the day was Rs. 44593260.

Source : Equity Bulls

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