Adani Enterprises will announce its April-June quarter earnings today. Consolidated profit after tax of the Gujarat-based company may fall 23.5 percent year-on-year to Rs 308 crore during the quarter, according to a CNBC-TV18 poll.
Analysts on an average expect total income to grow by 15.1 percent on yearly basis to Rs 12,704 crore in first quarter.
Core EBITDA (ex-forex) is likely to increase 75.5 percent Y-o-Y to Rs 1,896 crore and core operating margin may jump 510 bps year-on-year to 14.9 percent during June quarter, driven by higher profit in ports (volumes to drive growth).
Also Read - Adanis close to acquiring Dhamra Port
Analysts expect coal trading volumes to remain steady at 10-12 MT per quarter.
Higher deferred tax, 2.5 percent lower stake in profit making Adani Ports & SEZ and losses at new ports will be partly offset by 25 percent Y-o-Y higher coal trading volume on a low base and strong performance of Adani Ports.
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