Shares of Adani Enterprises Ltd on Wednesday closed at Rs 563.90 per share lower by 0.05 percent as compared to the previous close of Rs. 564.20 on the NSE, while Sensex closed at 50,255.75, up by 458 points and the Nifty settled at 14789, up by 142 points in trade.
Adani Enterprises Ltd on Wednesday reported six percent increase in its consolidated total income for the third quarter ended in December 2020 at Rs 11,788 crore due to burgeoning sales in the solar manufacturing business.
The earnings before interest, taxes, depreciation and amortization (EBIDTA) too increased by six percent at Rs 939 crore owing to increased sales in the domestic content requirement segment in solar manufacturing business, leading to better margins.
The profit after tax attributable to owners for Q3 FY21 was Rs 297 crore versus Rs 426 crore in the corresponding period of the previous fiscal due to exceptional write-off of exploration block on termination by the Ministry of Petroleum and Natural Gas.
Gautam Adani, Chairman of Adani Group, said Adani Enterprises continued its journey towards laying the foundation for several new businesses that the Group is venturing into. These include airports, data centres, roads and water.
The company's solar manufacturing volume stood at 285 megawatts while mining services production increased by six percent at 5.1 million tonnes. The integrated resource management volume increased by five percent at 21.4 million tonnes. Besides, Adani Enterprises signed a concession agreement for Guwahati, Jaipur and Thiruvananthapuram airports on January 19.
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