*Adani Enterprises *disclosed a sharp rise in consolidated net profit for the quarter ended December 2008.
During the quarter, the profit of the company rose 8.36% over prior year period to Rs 1,313.20 million from Rs 1,211.90 million in the same quarter last year. Consolidated total income increased 24.21% from Rs 53,593.80 million for the quarter ended Dec. 31, 2007 to Rs 66,567.30 million for the quarter ended Dec. 31, 2008. *Standalone results* The company disclosed a phenomenal drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 53.67% to Rs 559.40 million from Rs 1,207.40 million in the same quarter previous year. Net sales for the quarter rose marginally 0.26% to Rs 31,745.00 million, while total income for the quarter fell marginally 0.43% to Rs 31,768.00 million, when compared with the prior year period. The company reported earnings of Rs 2.27 a share during the quarter, registering 53.67% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 31,745.00 31,664.20 0.26 *Net Profit* 559.40 1,207.40 (53.67) *Basic EPS* 2.27 4.90 (53.67) During the quarter, the operating margin of the company rose by 1.16 basis points to 4.59% compared with the previous year period. Interest cost increased 3.42 times to Rs 798.60 million while depreciation cost rose 4.93% to Rs 29.80 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
