19 Jan 2020 | 5:10 AM

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Adani Enterprises Lt posts Q2 net profit of Rs 102.64 cr
  Adani Enterprises Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-12-2019
The company reported standalone net profit during the quarter stood at Rs 102.64 crore compared to net loss of Rs 24.82 crore in the previous year quarter.


Net revenue of the company declined marginally by 4.29 per cent at Rs 2946.11 crore in July-September quarter of this fiscal as against Rs 3078.16 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 4.38 per cent to Rs 2874.12 crore from Rs 3005.62 crore in year ago period.


Other Income grew by 16.43 per cent at Rs 106.71 crore versus (Sep`18 Rs 91.65 crore).


Operating Profit slipped by 0.76 per cent to Rs 71.99 crore as against Rs 72.54 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 3.39 per cent in September quarter.


Interest declined by 45.23 per cent y-o-y to Rs 78.21 crore while Taxation increased by 0.00 per cent at Rs -32.13 crore (Sep`18 Rs 0.00 crore).