Adani Enterprises Ltd posts Q4 net profit of Rs 126.84 cr
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The company reported standalone net profit during the quarter stood at Rs 126.84 crore compared to net loss of Rs 80.60 crore in the previous year quarter. Net revenue of the company rose moderately by 17.78 per cent at Rs 4,711.73 crore in January-March quarter of this fiscal as against Rs 4,000.59 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 3.87 per cent to Rs 4,273.33 crore from Rs 4,114.22 crore in year ago period. Other Income dipped by 71.88 per cent at Rs 40.98 crore versus (Mar'20 Rs 145.71 crore).
Operating Profit surged by 485.81 per cent to Rs 438.40 crore as against Rs -113.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 427.46 per cent in March quarter. Interest grew by 14.31 per cent y-o-y to Rs 130.48 crore, while Taxation increased by 280.53 per cent at Rs 58.60 crore (Mar'20 Rs -32.46 crore).
