Adani Enterprises witnesses disproportionate Revenues and Profits

Adani Properties promoted Adani Enterprises has posted poor Q4 numbers, except for the marginal growth in its revenues by 4.8 per cent QoQ. Company’s consolidated EBITDA too has posted a growth of 10.3 per cent. However, Net Profits have fallen 14.8 per cent driven by negative exceptional items and comparatively higher interest payment.

Company’s consolidated total income from operations has come in at Rs 10949.82 crores in this quarter as against Rs 10408.48 crores in Q3FY16. Company’s EBITDA has come in at Rs. 515.32 crores as against Rs. 467.33 crores. The rise in EBITDA is attributed to decline in raw material costs to Rs 1867.23 crores, a decrease of 17.1 per cent.

Company’s Net Profit stands at Rs 166.8 crores in Q4FY16 as compared to Rs 195.79 crores in the last quarter.
The Year on Year (YOY) results cannot be compared as the company has demerged during the previous year.

On a yearly basis Company’s consolidated total income from operations stands at Rs 43920.76 crores. EBITDA stands at Rs 1986.14 crores. Net profit stands at Rs 1041.12 crores.

Adani Enterprises Limited is an infrastructure company. The Company deals in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.

Adani Enterprises has tumbled on concerns over equity dilution, as the directors sought shareholders' approval to raise funds by issue of equity shares/ convertible bonds up to Rs 6000 crore. The stock has closed down by nearly 8 per cent at Rs 79.05 in the aftermath of the results.