Adani Enterprises Consolidated EBIDTA increased 85% to Rs 896 cr vs Rs 484 cr in Q1 FY19

Editor’s Synopsis

Operational Highlights Q1 FY 20:

  • MDO volume increased by 11% to 2.39 MMT vs 2.15 MMT in Q1 FY 19
  • ICM volume increased by 61% to 18.51 MMT vs 11.52 MMT in Q1 FY 19
  • Solar Manufacturing volume increased to 236 MW vs 81 MW in Q1 FY 19

Financial Highlights Q1 FY 20 (Consolidated):

  • Consolidated Total Income increased 39% to Rs. 10,686 crores vs Rs 7,664 crores in Q1 FY 19
  • Consolidated EBIDTA increased 85% to Rs 896 crores vs Rs. 484 crores in Q1 FY 19
  • Consolidated PAT attributable to owners increased 2.5 times to Rs. 601 crores vs Rs. 169 crores in Q1 FY 19

Ahmedabad, August 8, 2019:Adani Enterprises Ltd, (AEL) part of the Adani Group, today announced its results for the first quarter ended June 30, 2019.

The Consolidated Total Income for the quarter increased 39% to Rs 10,686 crores vs Rs. 7,664 crores for the corresponding period in the previous year. The EBIDTA for the quarter increased 85% to Rs 896 crores vs Rs. 484 crores in Q1 FY 19. The PAT attributable to owners for Q1 FY 20 increased 2.5 times to Rs 601 crores vs Rs. 169 crores in Q1 FY 19. This includes one-time income of Rs 328 crores recognized in our MDO business. “Adani Enterprises continues to make significant strides in lining up the next set of businesses that included airport management, data center parks, roads, water infrastructure and defense & aerospace. Its business portfolio has never been such strong and each of these businesses led by focus on growth markets with offerings in the right product segments and compelling value proposition.” said

Mr. Gautam Adani, Chairman Adani Group.

Business Highlights:

1. Mine Development and Operations (“MDO”)

In MDO business at Parsa Kente coal mines in Chattisgarh, the Company has supplied washed coal of 2.39 MMT to RRVUNL in Q1 FY 20 as compared to 2.15 MMT in Q1 FY 19, showing an increase of 11%.

2. Solar Manufacturing

The company has established India’s Largest Solar Cell and module manufacturing unit in Mundra SEZ. The plant has an installed capacity of 1.2 GW fully integrated cell and module manufacturing unit. Q1 FY 20 volumes increased by 191% to 236 MW modules vs 81 MW modules in Q1 FY 19.

3. Agro

In food business, the company has maintained its leadership position with its “Fortune” brand and continues to lead the refined edible oil market with more than 20% market share.

About Adani Enterprises

Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business conglomerates. AEL is a fast-growing company with a diversified business portfolio comprising integrated coal management and coal mining, solar modules manufacturing as well as edible oil business. Through its efficient, competitive and profitable B2B and B2C operations, the company is enhancing access to basic services such as electricity through timely coal supplies, helping to create a clean environment, delivering quality food grain and providing a healthy cooking medium. In doing so, Adani Enterprises is playing a key role in fostering a better future for the people.