Adani Enterprises Q2 net more than doubles; revenue rises threefold

In Q2, integrated resource management, saw revenue growing over three times to Rs 30,435 crore YoY

Adani Enterprises’ consolidated net profit for the quarter ended September (Q2) more than doubled versus last year to Rs 461 crore, its results showed on Thursday. The company’s consolidated revenue in Q2 surged nearly threefold year-on-year (YoY) to touch Rs 38,175 crore. 

While profit for the quarter came below Street estimates of Rs 554 crore as pegged by a poll of analysts by Bloomberg, its revenue reported by the company was ahead of the consensus estimate of Rs 34,669 crore for the period.

Consolidated earnings before interest, tax, depreciation, and amortisation (Ebitda) increased 69 per cent to Rs 2,136 crore