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 of the company is seen rising 21.3 percent to Rs 16,679 crore in the third quarter of current financial year 2014-15 from Rs 13,747 crore in same quarter last fiscal.
Core operating profit (ex-forex) may surge 44.9 percent on yearly basis to Rs 2,988 crore and margin may expand 290 basis points to 17.9 percent during the quarter, driven primarily by higher operating capacity in power.
Coal trading volumes are likely to remain steady in the quarter. Analysts expect coal trading to contribute around Rs 200 crore to earnings. However, due to the high leverage and fuel under-recovery at Adani Power, the losses are expected to drag down consolidated earnings albeit partly offset by robust earnings growth at Adani Ports.
The stock rallied 120 percent from the start of 2014. Today it rallied 4.83 percent as sources told CNBC-TV18 that the company may announce mega restructuring plan tomorrow.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
