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.