Adani Enterprises is expected to report a healthy performance in the quarter ended December 2014. According to the average of estimates of analysts polled by CNBC-TV18, profit is likely to jump 359 percent year-on-year to Rs 312 crore during the quarter.
Total income from operations is seen rising 14.6 percent to Rs 15,584 crore in the second quarter of current financial year 2014-15 from Rs 13,602 crore in the year-ago period.
Consolidated profit after tax is expected to be at Rs 60 crore during September quarter as against profit after tax of Rs 320 crore in a year ago period.
Higher deferred tax + 2.5 percent lower stake in profit making Adani Ports & SEZ + losses at new ports + 1.2 percent higher stake in loss making Adani Power will be partly offset by 25 percent Y-o-Y higher coal trading volume on a low base + strong performance of Adani Ports.
Adani Enterprises is looking forward to margin improvement in FY14 , once it starts charging higher tariff from consumers.
Adani Enterprise is likely to post 15% decline in Q4 net profit on poor show from power biz
Adani Enterprises' consolidated profit after tax is likely to fall by 40.5 percent year-on-year to Rs 329 crore in the quarter ended September 2012.
Adani Enterprises is expected to report a consolidated a profit after tax of Rs 831 crore for the fourth quarter of FY12, down 10% as compared to Rs 928 crore in a year ago period, according to CNBC-TV18 poll.
Adani Enterprises is likely to report a consolidated profit after tax of Rs 582 crore in the third quarter of FY12, a growth of 23% as compared to Rs 474 crore in a year ago quarter.
Speaking to CNBC-TV18, executive director and chief financial officer of Adani group, Devang Desai, says that interest costs have increased mainly due to an increase in capacities.
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%.
In an interview with CNBC-TV18, Devang Desai, CFO, Adani Group, speaks about the results and gives his outlook going forward.