Adani Group

0
732

November 14, 2011
Ahmedabad

Consolidated Q2 FY12 Net Sales up 75% to Rs. 10,084 crore EBIDTA up by 70% to Rs. 1,528 crore PAT up by 9% to Rs. 553 crore

Editor’s Synopsis

• Net sales for Q2FY12 rose by 75% to Rs 10,084 crore Vs Rs 5,752 crore of Q2FY11

• EPS for Q2FY12 stood at Rs 5.03 per share Vs Rs 4.95 per share during the corresponding period a year ago

• H1FY12 Net sales rose to Rs 19,681 crore Vs Rs 11,651 crore of H1FY11 (69 % up-YoY) • Power generation rose to 3,298 million units in the Q2FY12 vs 1,495 million units in Q2FY11

• Total cargo handled at Ports rose to 22.37 MMT during Q2FY12 Vs 12.58 MMT of cargo in Q2FY11 (51 % up)

Adani Enterprises Ltd, the flagship company of the Adani Group – India’s leading integrated infrastructure conglomerate, today reported its financial results for the quarter and half year ended September 30, 2011. (Rs cr) Particular Consolidated Quarter ended, Sep 11 Quarter ended, Sep 10% Change Half Year ended, Sep 11 Half Year ended, Sep 10 % Change

Turnover 10,084 5,752 75% 19,681 11,651 69% EBITDA 1,528 897 70% 2,750 1,874 47% Profit Before Tax 777 640 21% 1,553 1,353 15% Net Profit 553 509 9% 1,122 1,073 5% EPS (Rs) 5.03 4.95 2% 10.21 10.44 -2%

Net profit for the three months ending September 30, 2011 stood at Rs 553 crore, compared to Rs 509 crore in the same period last year. Net sales for Q2 FY12 stood at Rs. 10,084 crore, up 75%, over Rs 5,752 crore in the corresponding period last year. For the half year (H1 FY12) ended September 30, the company’s net profit increased to Rs 1,122 crore, as against Rs 1,073 crore of the corresponding period a year ago. The company clocked net sales of Rs. 19,681 crore for the half-year ended September 30, 2011 versus Rs. 11,651 crore in the same period of last year. Earnings per share for Q2 FY12 stood at Rs 5.03 as compared to Rs 4.95 a share in the corresponding period a year ago.

Commenting on the quarterly results, Mr. Gautam Adani, Chairman, Adani Enterprises Ltd, said, “Despite the economic slowdown across global economies, we are proud to announce a healthy increase in the company’s revenues. The port and power business continue to fuel our growth and will be the key drivers to take Adani Enterprises to new frontiers and leadership position in the coming few years.”

Segment wise EBIDTA breakup:

(Rs. in crore) Particulars Q2FY12 Q2FY11 Power 553 208 Port 536 314 Coal Trading 365 278 Other Businesses 75 98