Adani Entp posts dismal Q2
By
Research Desk
about 8 years ago
Adani Enterprises posted a dismal set of numbers for Q2FY17. Its consolidated net profit slipped down 79% (YoY) at Rs.63 crore on a 16% drop in total income at Rs.1794 crore. The high interest outgo and the losses incurred in JVs pushed down the bottomline.
Interestingly, EBOTDA was up 60% at Rs.404 crore while margins too jumped up from 2.77% to 5.31%. This was thanks to the total expenses coming in 18% lower.
The stock figures out amongst the top losers of the day currently, going down over 5% at Rs.67 levels. Its 52-week low stands at Rs.58.45.