Adani Enterprises Q2 PAT seen down 40.5% to Rs 329 cr

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.

Net sales are seen going up by 5.3 percent to Rs 10,616 crore from Rs 10,084 crore during the same period.

Earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to decline 1.7 percent YoY to Rs 1,374 crore for the quarter.

EBITDA margin is seen falling by 90 basis points YoY to 12.9 percent in the July-September quarter.

Adani Enterprises owns around 70 percent stake in Adani Power and around 77 percent stake in Adani Ports & SEZ. 

Adani Power reported a poor set of numbers as it posted operating losses for the fourth consecutive quarter due to high fuel costs as compared to average realisation on sale of power.

Adani Ports & SEZ results were strong due to good growth in traffic led by containers. Mundra port is set to overtake Kandla as India’s largest port by FY14, say analysts.

Analysts feel Adani Power’s weak performance could be partially offset by strong results of Adani Ports & SEZ.