By Tricitynews Reporter
Chandigarh 10th August:- Adani Enterprises Ltd, the flagship company of the Adani Group, today announced its results for the first quarter ended June 30, 2016.
The Consolidated Income from Operations for the quarter is Rs 8,919 crore. The consolidated EBIDTA for the quarter is Rs 807 crore. The consolidated PAT for Q1FY17 is Rs 364 crore.
Gautam Adani, Chairman Adani Group, said that Adani Enterprises continue to focus on the sectors of national interest through presence in critical and often under penetrated spaces. The investment climate in the country is building up and the intent of Government to pursue economic reforms is clearly visible. We remain committed to our investment plans in Renewables and domestic Mining sectors as they align with national priorities.
Ameet Desai, CFO Adani Group and Executive Director, Adani Enterprises, said that we maintained our earnings growth trajectory during this quarter. This is testimony of intrinsic strength of our business portfolio. The Government spending on infrastructure and other development projects, well progressing monsoon and pay revisions shall drive an uptick in the investment cycle and energy demand leading to our improved performance.