Adani Enterprises Q2 PAT seen down at Rs 60 cr vs Rs 320 cr

Gujarat-based Adani Enterprises will announce its second quarter (July-September) results today. According to a CNBC-TV18 poll, analysts feel the company could surprise on the downside given weak results of Adani Ports which is one of the large contributing segments to Adani Enterprises results.

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.

Total income is likely to rise 26.3 percent year-on-year to Rs 12,969 crore in the quarter gone by. Core earnings before interest, tax, depreciation and amortisation (ex-Forex) may go up 1.7 percent on yearly basis to Rs 2,072 crore during the quarter.

Core operating profit margin is expected to fall 390 bps Y-o-Y to 16 percent in three-month period ended September 2013.

Meanwhile, Adanit Ports' standalone profit after tax fell 19.1 percent Y-o-Y to Rs 348 crore and core EBITDA margin (ex-Forex) plunged 470 bps Y-o-Y to 67.5 percent in the quarter gone by.