Adani Enterprises Q4 net profit marginally up at Rs.662 million

Adani Enterprises Ltd has announced the audited financial results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 662.00 million for the quarter ended March 31, 2007 as compared to Rs 653.50 million for the quarter ended March 31, 2006. Total Revenue has increased from Rs 32560.00 million for the quarter ended March 31, 2006 to Rs 34269.20 million for the quarter ended March 31, 2007.

The results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 1506.90 million for the year ended March 31, 2007 as compared to Rs 1183.40 million for the year ended March 31, 2006. Total Revenue has increased from Rs 93392.60 million for the year ended March 31, 2006 to Rs 101556.50 million for the year ended March 31, 2007.

The consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a net profit of Rs 1732.80 million for the year ended March 31, 2007 as compared to Rs 1345.80 million for the year ended March 31, 2006. Total Revenue has increased from Rs 123428.30 million for the year ended March 31, 2006 to Rs 169532.20 million for the year ended March 31, 2007.

The Company had paid interim dividend @ Rs 0.45 per share (45%). The said interim dividend is treated as Final Dividend.

Further the Company has informed that, the Board of Directors proposed to voluntary delist equity shares of the Company from Ahmedabad Stock Exchange (ASE). However, equity shares will continue to remain listed on NSE and BSE.

Source : Equity Bulls

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