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Adani Enterprises sees robust volumes for rest of FY12
Adani Enterprises came out with its earnings for the first quarter today. Income from operations for the quarter stood at Rs 9,596 crore, registered a growth of 63%.
Adani Enterprises came out with its earnings for the first quarter today. Income from operations for the quarter stood at Rs 9,596 crore, registered a growth of 63%.
During the quarter Adani Enterprises profit rose by 1% to Rs 570 crore.
The EBIDTA for the first quarter was up by 35% at Rs 1,168 crore. But the EBITDA margins were down at 13% mainly due to lower plant load factor in the power business.
However, speaking at a press conference, Devang Desai, ED, AEL and CFO of Adani Group said, the EBITDA growth has been very satisfactory.
"The PAT is reasonable compared to interest in depreciation charges that have been put this year," he said adding, "...all units have gone into operation."
He said there was a lower plant load factor (PLF) in power on account of plant shutdowns and a slight increase in coal cost during the quarter.
"We expect volumes to continue to be robust in remaining quarters," he said adding, "the coal trading would go up to almost 40 million tonne."
