Adani Enterprises has surged 5% to Rs 560, its multi year high on BSE, after reporting a massive six-fold increase in consolidated net profit at Rs 2,848 crore for the quarter ended March 31 2014 (Q4), boosted by gains from compensatory tariff for its arm Adani Power. The company had profit of Rs 474 crore in the same quarter last fiscal.
The company's total income increased to Rs 16,171 crore in March 2014 quarter as against Rs 11,513 crore in the corresponding quarter last fiscal.
Derivative gain during the quarter stood at Rs 240 crore over Rs 70 crore in the corresponding period a year-ago.
The stock opened at Rs 541 and has seen a combined around one million shares changing hands on the counter in early morning deals on the BSE and NSE.
The company's total income increased to Rs 16,171 crore in March 2014 quarter as against Rs 11,513 crore in the corresponding quarter last fiscal.
Derivative gain during the quarter stood at Rs 240 crore over Rs 70 crore in the corresponding period a year-ago.
The stock opened at Rs 541 and has seen a combined around one million shares changing hands on the counter in early morning deals on the BSE and NSE.
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