Stock Report

Adani Enterprises Ltd Q1 consolidated net profit plunges to Rs. 29.79 crore



Posted On : 2020-08-06 18:48:33( TIMEZONE : IST )

Adani Enterprises Ltd Q1 consolidated net profit plunges to Rs. 29.79 crore

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

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.5502.02 crores during the period ended June 30, 2020 as compared to Rs.13698.09 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.29.79 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.61.21 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.0.27 for the period ended June 30, 2020 as compared to Rs.0.56 for the period ended March 31, 2020.

FinancialsQ1 FY2020-21Q4 FY19-20% Change
Total Income₹ 5502.02 crs₹ 13698.09 crsDown Tick -59.83%
Net Profit₹ 29.79 crs₹ 61.21 crsDown Tick -51.33%
EPS₹ 0.27₹ 0.56Down Tick -51.79%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.5502.02 crores during the period ended June 30, 2020 as compared to Rs.10685.86 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.29.79 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.601.20 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.0.27 for the period ended June 30, 2020 as compared to Rs.5.47 for the period ended June 30, 2019.

FinancialsQ1 FY2020-21Q1 FY2019-20% Change
Total Income₹ 5502.02 crs₹ 10685.86 crsDown Tick -48.51%
Net Profit₹ 29.79 crs₹ 601.20 crsDown Tick -95.04%
EPS₹ 0.27₹ 5.47Down Tick -95.06%

Commenting on the quarter result of the company, Mr. Gautam Adani, Chairman Adani Group, said "Adani Enterprises Limited has always focused on businesses which are closely aligned to the lifeline of the economy, providing essential services to enhance the quality of life of citizens and addressing critical national infrastructure priorities. In midst of the pandemic, we see opportunity to expand our footprint and we continue to trace our path towards growth with goodness. Our focus continues to remain in optimizing capital utilization, strengthening the organizational structure to mitigate risk ultimately laying the foundation for consistent value creation".

Shares of ADANI ENTERPRISES LTD. was last trading in BSE at Rs.185.7 as compared to the previous close of Rs. 179.35. The total number of shares traded during the day was 288417 in over 2406 trades.

The stock hit an intraday high of Rs. 188 and intraday low of 177.45. The net turnover during the day was Rs. 52959004.

Source : Equity Bulls

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