Adani Enterprises reports six fold jump in Q4 consolidated net profit

Adani Enterprises has reported results for fourth quarter and year ended March 31, 2014 The company has reported a net profit of Rs 102.21 crore for the quarter ended March 31, 2014 as compared to a net loss of Rs 73.59 crore for the same quarter in the previous year. Total income of the company has increased by 14.77% at Rs 3056.84 crore for quarter under review as compared to Rs 3586.81 crore for the quarter ended March 31, 2013. On the consolidated basis, the group has reported over 6-fold jump in its net profit at Rs 2847.82 crore for the quarter ended March 31, 2014 as compared to Rs 473.80 crore for the same quarter in the previous year. Total income of the company has increased by 38.89% at Rs 16418.67 crore for quarter under review as compared to Rs 11820.84 crore for the quarter ended March 31, 2013. For the full year ended March 31, 2014, the company has posted net loss of Rs 178.69 crore as compared to a net profit of Rs 519.84 crore for the same period in the previous year. However, total income of the company has increased by 3.90% at Rs 12993.46 crore for year under review as compared to Rs 12504.91 crore in the previous year. For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 37.68% in its net profit at Rs 2220.77 crore as compared to Rs 1612.98 crore for the same period in the previous year. Total income of company has increased by 18.73% at Rs 56225.86 crore for year under review as compared to Rs 47352.26 crore in the previous fiscal.