Adani Enterprises, the flagship firm of the Adani Group, today said its consolidated net profit more than doubled to Rs 339.80 crore in the fourth quarter of FY09, compared to Rs 166.05 crore of the year-ago period.
Consolidated net sales of the company, however, declined to Rs 7,824.47 crore during the January-March period of 2010 from Rs 8,654.05 crore of the same quarter a year ago, Adani Enterprises said in a filing to the National Stock Exchange.
The Ahmedabad-based company has declared a dividend of 100 per cent or Re 1 per share of Rs 10 face value.
For the full-year ended March 31, 2010, the firm posted a consolidated net profit of Rs 919.30 crore, up 82 per cent as against Rs 504.65 crore of the previous fiscal.
During FY10, consolidated net sales of the firm dropped to Rs 25,873.89 crore from Rs 26,181.81 crore of the previous fiscal.
On a standalone basis, Adani Enterprises recorded a net profit of Rs 57.30 crore during the March quarter of FY'09, as against Rs 136.71 crore of the corresponding period a year earlier.
Adani Enterprises is a diversified firm having interests in sectors like power generation, coal mining, oil and gas exploration, city gas distribution, real estate and agro.
The company has also said that the board of directors of the company has re-appointed Rajesh S Adani as its MD for a further period of five years with effect from June 10, 2010.
Shares of Adani Enterprises were quoting at Rs 597, up by 2.41 per cent in the late afternoon trade on the NSE.