Adani Enterprises rose 6.78% to Rs 719.30 at 15:17 IST on BSE after consolidated net profit fell 74.11% to Rs 737.17 crore on 0.47% increase in total income to Rs 16507.65 crore in Q4 March 2015 over Q4 March 2014.
The result was announced during trading hours today, 13 May 2015.
Meanwhile, the BSE Sensex was up 363.35 points, or 1.35%, to 27,240.83.
On BSE, so far 7.19 lakh shares were traded in the counter, compared with an average volume of 2.03 lakh shares in the past one quarter.
The stock hit a high of Rs 725 and a low of Rs 675.50 so far during the day. The stock hit a 52-week high of Rs 729 on 4 March 2015. The stock hit a 52-week low of Rs 409.55 on 14 July 2014.
The stock had outperformed the market over the past one month till 12 May 2015, rising 5.68% compared with 6.93% fall in the Sensex. The scrip had also outperformed the market in past one quarter, falling 1.35% as against Sensex's 6.69% fall.
The large-cap company has an equity capital of Rs 109.98 crore. Face value per share is Re 1.
Adani Enterprises' consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) fell 19.68% to Rs 3464 crore in Q4 March 2015 over Q4 March 2014.
On a consolidated basis, Adani Enterprises' net profit fell 12.28% to Rs 1948.05 crore on 16.53% increase in total income to Rs 65519.85 crore in the year ended March 2015 over the year ended March 2014. The consolidated EBIDTA increased by 26% to Rs 13308 crore in the year ended March 2015 over the year ended March 2014.
The company said that its coal business, ports and power businesses continue to scale up steadily. Further, improved utilization of operational capacity has resulted in robust overall performance.
The Adani Group has grown to become a global integrated infrastructure player with businesses in key industry verticals - resources, logistics and energy. The integrated model is well adapted to the infrastructure challenges of the emerging economies.
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