Adani Entp opens as top gainer
By
Research Desk
about 11 years ago
Adani Enterprises is currently the top gainer on the BSE, up over 4.5%, at Rs.474.10 the moment it opened for trading.
The stock has is up and about as punters are enthused with its performance for Q1FY15. YoY, the company posted a turnaround with a consolidated net profit at Rs.557 crore from a loss of Rs.278 crore in previous Q1. This turnaround was despite an exceptional loss of Rs.126 crore incurred on delayed commercial operations at Tiroda. Its EBITDA margin too came in pretty good at 19.1% v/s 17.9% (YoY).