The $9.4 billion (Rs 57,800 crore roughly) Adani Group's flagship company also posted a 1.82 per cent growth in its consolidated total income at Rs 14265.72 crore for Q2 of FY '15 as compared to Rs 14009.63 crore of Q2 of FY '14.
On standalone basis, while the company posted a net profit of Rs 212.28 crore for second quarter of fiscal 2014-15 as compared to net loss of Rs 102.25 crore for corresponding period last fiscal, the total standalone income grew by 6.19 per cent at Rs 3785.20 crore as against Rs 3564.49 for the said periods.
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According to Ameet Desai, Group Chief Financial Officer, Adani Group, the company expects to build on the recent financial performance. "Our results are testimony of the intrinsic strength of our integrated business model with substantial contribution from Coal trading, Ports & Logistics and Power businesses. With the measures for easing financing to the infrastructure projects coupled with enhanced operational efficiencies, we expect further boost to our financial performance," Desai said in an official communique by AEL.
Commenting on the results, Gautam Adani, Chairman Adani Group, said, "The policy measures announced by the new government to address the structural issues impacting infrastructure and energy sectors will revive investment in the sectors. We remain committed to our investment programme."